Reflexivity is an example of a
A) psychological assumption
B) rationality assumption
C) psychiatric assumption

Question

Quizplus · Accepted Answer

Reflexivity in the context of economics or decision theory is part of the rationality assumption. It suggests that individuals are self-aware and their decisions are influenced by their awareness of themselves and their circumstances. This concept is fundamental in understanding how rational agents behave in various scenarios, contrasting with psychological or psychiatric assumptions which delve into the mental processes and health aspects of individuals' behaviors.

Reflexivity Is an Example of a