Showing 1 - 10 of 160
Research about narratives’ role in economics is scarce, while real word experience and research in other sciences … suggest they matter a lot. This article proposes a view and methodology for quantifying the epidemiology of media narratives … relevant to business cycles in the US, Japan, and Europe. We do so by first constructing quantitative measures of narratives …
Persistent link: https://www.econbiz.de/10012018159
For many decisions, people rely on information received from others by word of mouth. How does the process of verbal transmission distort economic information? In our experiments, participants listen to audio recordings containing economic forecasts and are paid to accurately transmit the...
Persistent link: https://www.econbiz.de/10014534411
our model, political entrepreneurs discover identity and worldview "memes" (narratives, cues, frames) that shift beliefs …
Persistent link: https://www.econbiz.de/10013177535
For most decisions, we rely on information encountered over the course of days, months or years. We consume this information in various forms, including abstract summaries of multiple data points – statistics – and contextualized anecdotes about individual instances – stories. This paper...
Persistent link: https://www.econbiz.de/10013470365
, we examine the use of narratives as a persuasive tool in the context of financial advice where advisors may hold … mechanisms that govern narrative persuasion. First, we show that advisors construct self-interested narratives and make them …' beliefs about the future performance of a company. Third, we identify the types of narratives that investors find convincing …
Persistent link: https://www.econbiz.de/10014290116
We provide evidence on narratives about the macroeconomy—the stories people tell to explain macroeconomic phenomena …—in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent … experts and document three main findings. First, households' narratives are strongly heterogeneous and coarser than experts …
Persistent link: https://www.econbiz.de/10014377509
. We further explore potential mechanisms, and the impact of different types of narratives, by analyzing self …-reported classifications of, and employing natural language processing techniques on, participants' narratives. …
Persistent link: https://www.econbiz.de/10014469561
We provide new experimental evidence which suggests an asymmetric discouragement effect in lottery contests with heterogeneous abilities. Compared to a symmetric contest, subjects invest less effort when facing a stronger opponent, but they invest the same when facing a weaker opponent. Our...
Persistent link: https://www.econbiz.de/10011555550
Many modern organisations collect data on individuals’ personality traits as part of their human resource selection processes. We test experimentally whether revealing information on personality data impacts on pro-social behaviour as measured in a one-shot modified dictator game and a public...
Persistent link: https://www.econbiz.de/10012018229
The emergence of competition is a defining aspect of human nature and characterizes many important social environments. However, its relationship with how social groups are formed has received little attention. We design an experiment to analyze how individuals’ willingness to compete is...
Persistent link: https://www.econbiz.de/10012052749