Performativity
Contents
Unraveling Performativity in Economics: How Models Shape Reality
Understanding Performativity: A Deep Dive
Explore the concept of performativity in economics, from its theoretical roots to its practical implications. Learn how economic models have the power to shape the very structures they seek to describe, influencing behavior and market dynamics.
Evidence of Performativity in Action
Discover real-world examples of performativity at work, including the impact of models like the Black-Scholes-Merton equation on derivatives markets. Understand how economic theories can transform market behavior and institutional practices.
Counterperformativity: Challenging Assumptions
Dive into the concept of counterperformativity, which challenges the notion that economic models always shape reality as intended. Explore examples where the widespread adoption of models leads to outcomes contrary to their predictions, highlighting the complexities of economic modeling.