Fallibility, reflexivity, and the human uncertainty principle. George Soros*. Soros Fund Management and the Open Society Foundations, New York, NY, USA. When I first read The Alchemy of Finance by George Soros, I thought his “theory of reflexivity” was absurd. It seemed to be an ex post facto. In epistemology, and more specifically, the sociology of knowledge, reflexivity refers to circular . Economic philosopher George Soros, influenced by ideas put forward by his tutor, Karl Popper (), has been an active promoter of the.

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This leads to the metaculture of conventions about managing and reflecting upon culture.

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This rise in domestic demand raises output as producers will produce more to meet the demand. The temptations to be in the hottest reflexivigy of the day are high when your time horizon is short and you are looking to make big returns. This points to a general feature of naturalised epistemologies refoexivity, that such theories of knowledge allow for specific fields of research to elucidate other fields as part of an overall self-reflective process: I find it somewhat embarrassing to get caught in the “bust of our lifetime” while writing about the “boom of our lifetime.

And George relied not only on cognitive factors when investing but on body signals as well.

Their perceptions of reality, not reality itself, affect stock prices and then this perception gets priced into markets and these perceptions end up affecting the fundamentals of the underlying companies. But imagine if the golfers before you hit really good shots onto the green and these really good shots changed the dynamics of the course.

Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values. Conviction develops and is no longer shaken by a setback in earnings DE.


This is similar to the notion of autonomy. As with the feminist and anti-colonial critiques that provide some of reflexive anthropology’s inspiration, the reflexive understanding of the academic and political power of representations, analysis of the process of “writing culture” has become a necessary part of understanding refkexivity situation of the ethnographer in the fieldwork situation.

The second kind of reflexivity studied by anthropologists involves varieties of self-reference in which people and cultural practices call attention to themselves. A twilight period ensues when people continue to play the game although they no longer believe in it FG.

A Short Note On George Soros’ Principle Of Reflexivity

Reflexivity includes both a subjective process of self-consciousness inquiry and the study of social behavior with reference to sorks about social relationships. Anthropologists by nationality Anthropology by year Bibliography Journals List of indigenous peoples Organizations. He finishes the book relexivity posing the problem of the age of man and our pursuit of knowledge- where “man is both knowing subject and the object of his own study”; thus, Foucault argues that the social sciences, far from being objective, produce truth in their soroz mutually exclusive discourses.

The two functions can interfere with each other by rendering what is supposed to be given, contingent. In social theoryreflexivity may occur when theories in a discipline should apply equally forcefully to the discipline itself, for example in the case that the theories of knowledge construction in relexivity field of sociology of scientific knowledge should apply equally to knowledge construction by sociology of scientific knowledge practitioners, or when the subject matter of a discipline should apply equally well to the individual practitioners of that discipline, for example gekrge psychological theory should explain the psychological mental processes of psychologists.

In researching cultural practices reflexivity plays important role but because of its complexity and subtlety it often goes under-investigated or involves highly specialized analyses. Social Dramas and Stories about Them. Reflexivity is the theory that a two-way feedback loop exists in which investors’ perceptions affect that environment, which in turn changes investor perceptions.

Palgrave Macmillan Grunberg, E.

George Soros Reflexivity Theory 101

George Soros wrote the book Reflexivitu Alchemy of Financ e and it acts as somewhat of an autobiography to his investing days, an experiment sorros his investing days when he was running the Quantum Fund, and his theories about markets — including his theory of reflexivity. Policy Sociology as a Public Good. Reflexivity has been taken up as the issue of “reflexive prediction” in economic science by Grunberg and Modigliani and Georgs A.


The evidence shows persistent fluctuations, whatever length of time is chosen as the period of observation. That is what made it so viable as a signal When I finally discovered what was wrong my backache usually went away. Higher production means higher profits.

Innovation may or may not change tradition, but since reflexivity is intrinsic to many cultural activities, reflexivity is part of tradition and not inauthentic.

This is the opposite of the process described in textbooks and built into economic models, which always assume that financial expectations adapt to reality, not the other way round. If the checkbox above is reflexiivity, and you click the submit button below, your comment might appear only once in your browser, i. We can see it, touch it, and we know a tree when we see one. The principle of reflexivity was perhaps first enunciated by the sociologists William I.

In the initial stage ABa new positive earning trend is not yet recognized.

For several decades there was little sign of the principle reflexiivity accepted in mainstream economic circles, but there has been an increase of interest following the crash ofwith academic journals, economists, and investors discussing his theories.

There is little empirical evidence of an equilibrium or even a tendency for prices to move toward an equilibrium.