Showing 1 - 10 of 379
, 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/10013486094
. 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/10014384016
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/10011962290
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/10013457381
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/10014463576
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/10014307680
to narratives about the context of the protests further reduced the prediction accuracy of these groups. In contrast …
Persistent link: https://www.econbiz.de/10015045175
We study how individuals update their beliefs in the presence of competing data-generating processes, or models, that could explain observed data. Through experiments, we identify the weights participants assign to different models and find that the most common updating rule gives full weight to...
Persistent link: https://www.econbiz.de/10015333403
Uniform health care delivered by a mainstream public insurer - such as the National Health Service (NHS), seldom satisfies heterogeneous demands for care, and some unsatisfied share of the population either use private health care, or purchase private insurance (PHI). One potential mechanism to...
Persistent link: https://www.econbiz.de/10011761622
We study the impact of the Brexit referendum on the quality of employment and working conditions of workers in the National Health Service (NHS). Using a difference-in-differences (DiD) design and propensity score matching to compare NHS employees with a control group referring to occupations...
Persistent link: https://www.econbiz.de/10015401977