A two-way feedback loop in which perceptions affect an environment and the environment then affects perceptions. In a mimetic rivalry, neither party can act without affecting the perceptions and desires of the other. Financial manager and philanthropist George Soros made the principle of reflexivity a key to his investment strategy by noticing that financial markets operate on the principle of reflexivity.

George Soros attending the opening of the European Roma Institute for Arts and Culture at the German Foreign Ministry in June 2017.