Related papers: Construct to Commitment: The Effect of Narratives …
Economic behavior is shaped not only by quantitative information but also by the narratives through which such information is communicated and interpreted (Shiller, 2017). I show that narratives extracted from earnings calls significantly…
Media narratives wield tremendous power in shaping public opinion, yet computational approaches struggle to capture the nuanced storytelling structures that communication theory emphasizes as central to how meaning is constructed. Existing…
There is growing awareness within the economics profession of the important role narratives play in the economy. Even though empirical approaches that try to quantify economic narratives are getting increasingly popular, there is no theory…
Macroeconomic fluctuations and the narratives that shape them form a mutually reinforcing cycle: public discourse can spur behavioural changes leading to economic shifts, which then result in changes in the stories that propagate. We show…
Human communication is often executed in the form of a narrative, an account of connected events composed of characters, actions, and settings. A coherent narrative structure is therefore a requisite for a well-formulated narrative -- be it…
We model the communication of narratives as a cheap-talk game under model uncertainty. The sender has private information about the true data generating process of publicly observable data. The receiver is uncertain about how to interpret…
We present an equilibrium model of politics in which political platforms compete over public opinion. A platform consists of a policy, a coalition of social groups with diverse intrinsic attitudes to policies, and a narrative. We…
Narratives in digital spaces are not merely organic phenomena. They are strategically shaped by a range of actors to influence public perception, behavior, and sociopolitical outcomes. This paper offers an actor-oriented expansion of the…
Economic growth depends on capital investments and on investments in education and innovation. The model introduced here will specifiy aggregate output as determined by aggregate supply of capital and education investment. After formulating…
We formalize the argument that political disagreements can be traced to a "clash of narratives". Drawing on the "Bayesian Networks" literature, we model a narrative as a causal model that maps actions into consequences, weaving a selection…
Narratives about economic events and policies are widely recognised as influential drivers of economic and business behaviour. Yet the statistical identification of narrative emergence remains underdeveloped. Narratives evolve gradually,…
Social scientists have become increasingly interested in how narratives -- the stories in fiction, politics, and life -- shape beliefs, behavior, and government policies. This paper provides an unsupervised method to quantify latent…
Here we introduce Narrative Context Protocol (NCP), an open-source narrative standard designed to enable narrative interoperability, AI-driven authoring tools, real-time emergent narratives, and more. By encoding a story's structure in a…
This study empirically tests the $\textit{Narrative Economics}$ hypothesis, which posits that narratives (ideas that are spread virally and affect public beliefs) can influence economic fluctuations. We introduce two curated datasets…
Understanding when and why consumers engage with stories is crucial for content creators and platforms. While existing theories suggest that audience beliefs of what is going to happen should play an important role in engagement decisions,…
Despite advances in generating fluent texts, existing pretraining models tend to attach incoherent event sequences to involved entities when generating narratives such as stories and news. We conjecture that such issues result from…
News media coverage of monetary policy is not a passive transcript of central-bank communication: it filters announcements, macroeconomic news, and editorial choices into narratives that move expectations and policy decisions. We embed…
When agents devise plans for execution in the real world, they face two important forms of uncertainty: they can never have complete knowledge about the state of the world, and they do not have complete control, as the effects of their…
There is a broad recognition that commitment-based mechanisms can promote coordination and cooperative behaviours in both biological populations and self-organised multi-agent systems by making individuals' intentions explicit prior to…
Socio-cognitive action reproduces and changes both social and cognitive structures. The analytical distinction between these dimensions of structure provides us with richer models of scientific development. In this study, I assume that (i)…