Cognitive Approach to Modeling Reflexive Control in Socio-Economic Systems

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Abstract:

Traditional approaches to support of decision making do not consider system dynamics of processes and the individual characteristics of the actors (subjects). Considering this, the theory of reflexive control has gained wide acceptance and application. Another approach to modeling socio-economic systems is cognitive modeling. It, however, does not account for reflexivity. Therefore, this article describes a new approach that tries to combine the strengths of the two approaches to modeling of socio-economic systems.