Folktale Narratives and Economic Behavior

Igor Asanov (), Dominik P. Heinisch and Nhat Luong
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Igor Asanov: University of Kassel
Dominik P. Heinisch: University of Kassel
Nhat Luong: University of Kassel

MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: Narratives - stories - prevail in social life, however little is known about their relation to economic behavior and outcomes. We shed light on this issue by studying the association between folktales' motifs and economic behavior across the world. First, we explore possible relations between the prevalence of narratives and the observed behavior in economic experiments by connecting the Berezkin (2015) collection of narratives with individual choices in experiments performed across the world. Second, we construct a motif distance index that approximates the cultural distance between countries. Third, we provide evidence that motif distance is associated with economic performance.

Pages: 25 pages
Date: 2020
New Economics Papers: this item is included in nep-cbe
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Persistent link: https://EconPapers.repec.org/RePEc:mar:magkse:202009

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