1. What Sense Can the Sense-Making Perspective Make for Economics?
- Author
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Cortés, Mauricio and Londoño, Sandra
- Subjects
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KEYNESIAN economics , *PSYCHOLOGY , *ORGANIZATIONAL sociology , *DECISION making , *REASON - Abstract
A landscape of interdisciplinary decision theories is sketched with a tentative place for the sense-making approach presented by Salvatore et al (). 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 ; Davidson ) cultural psychology (Salvatore et al. ) and organization theory (March , ; Weick ). 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. [ABSTRACT FROM AUTHOR]
- Published
- 2009
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