Let $\mathbf{C}$ be a closed symmetric monoidal category (I probably need even less than this; the examples I have in mind are simply the category of modules over a commutative ring and the category of sets) and let $\omega$ be an (arbitrary) object in $\mathbf{C}$ which I will term the “dualizing object”. Define a contravariant functor $D\colon \mathbf{C} \to \mathbf{C}$ taking $X$ to $[X,\omega]$ (internal Hom) and $X\to Y$ to the composition map $[Y,\omega] \to [X,\omega]$: let us call $DX$ the “dual” of $X$.
Now let $T = D^2$ be the covariant functor taking an object to its “bidual”. Call $\eta\colon 1_{\mathbf{C}}\to T$ the natural transformation $\eta_X \colon X \to D^2X = [[X,\omega], \omega]$ obtained from the evaluation map $X \otimes [X,\omega] \to \omega$. And define a natural transformation $\mu\colon T^2 \to T$ by letting $\mu_X \colon D^4 X \to D^2 X$ be $D(\eta_{DX})$.
Fact: $(T,\eta,\mu)$ is a monad.
This is probably a well-known observation, and it is certainly not difficult (although it is tedious to check, or at least I found it tedious, having to go up to the sexiesdual(!) $D^6X$ of $X$).
Does this monad have a name? (The “bidual monad” perhaps?) Is there a standard reference for it?
What are some “natural” occurrences, if any, of algebras for this monad?
(This came up to me by asking myself whether the sequence of iterated biduals $T^n X$ of an object stabilizes: the fact that $T$ is a monad says that, somehow, even though $T^2$ and $T$ are not the same, there is still a form of idempotency to $T$ in the existence of $\mu$.)