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Effectuation Publications Library
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Knowledge as the source of opportunity
2016
Truls ERikson Steffen Korsgaard
Abstract In this paper, we show how Davidson’s theory of knowledge can be used to elaborate the objective, intersubjective and subjective components of knowledge. Departing from Hayek’s core insights about the dispersion of knowledge in society, we reiterate that opportunities involve subjective knowledge such as judgment and imagination, intersubjective knowledge of the social and institutional context, as well as knowledge about objective realities “out there”.