Literature DB >> 19390904

What sense can the sense-making perspective make for economics?

Mauricio Cortés1, Sandra Londoño.   

Abstract

A landscape of interdisciplinary decision theories is sketched with a tentative place for the sense-making approach presented by Salvatore et al (2009). Uncertainty and ambiguity are highlighted as key concepts in both, economics and sense-making perspectives aligning possible and useful conceptual coincidences among post Keynesian economics (Shackle 1974; Davidson 2005) cultural psychology (Salvatore et al. 2009) and organization theory (March 1978, 1994; Weick 1995). Few ideas for the construction of possible research agenda aimed to build a complex model of decision making are suggested. Finally a brief reflection on the study of underground economy is presented. The challenge for the link between psychology and economics is to figure out a descriptive general model of the process of decision making, perhaps by combining weighted elements of the different ways in which human rationality emerges--calculation, rule following, sense-making--for explaining singular and specific decisions.

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Year:  2009        PMID: 19390904     DOI: 10.1007/s12124-009-9093-z

Source DB:  PubMed          Journal:  Integr Psychol Behav Sci        ISSN: 1932-4502


  1 in total

Review 1.  Mainstream economics and sense-making.

Authors:  Sergio Salvatore; Guglielmo Forges Davanzati; Silvia Potì; Ruggero Ruggieri
Journal:  Integr Psychol Behav Sci       Date:  2009-01-07
  1 in total
  1 in total

1.  Minding money: how understanding of value is culturally promoted.

Authors:  Tatsuya Sato
Journal:  Integr Psychol Behav Sci       Date:  2011-03
  1 in total

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