Intersubjectivity

Closely related to the term interdividuality, intersubjectivity is used primarily in reference to mimetic theory and its dialogue with economics to differentiate classical economic agents—who normally have their economic preferences determined solely based on their individual decision-making—from mimetic economic agents who only make choices in a reciprocal (and mimetic) relationship with other economic agents and actors. Intersubjective influences have profound effects in market outcomes from financial bubbles to simple decisions about whether or not to purchase a dress at a clothing store. Intersubjectivity is related to the concept of reflexivity in markets.