Descriptions
Narrative Economics: This course, Narrative Economics, is relatively short and proposes a simple concept: we need to incorporate narrative contagion into our economic theory. Narratives can be thought of as stories that shape public beliefs, which in turn influence our decision-making. Understanding how people in the past arrived at certain decisions can improve our understanding of the economy today and improve our predictions for the future. Popular thinking has a major impact on our answers to questions like “how much to invest, how much to spend or save, whether to go to college or take a certain job,” and more. Narrative economics is the study of the viral spread of popular narratives that affect economic behavior. I believe that incorporating these ideas into our research must serve both to improve our ability to anticipate and prepare for economic events and to help us structure economic institutions and policy. Until we better integrate it into our analysis and forecasting methods, we remain blind to a very real, very tangible and very important mechanism for economic change.
Even in the dawning age of the internet and artificial intelligence, human narratives will matter as long as humans remain ultimately in control. Perhaps they will be especially important as new technology exploits human weaknesses and creates new places for narrative contagion. If we don’t understand the epidemics of popular narratives, we cannot fully understand changes in the economy and economic behavior. This course offers only the beginnings of a new idea and some suggestions for how it might be used by economists and finance professionals. The tone is not prescriptive or authoritative, as it may be in places in my Coursera course “Financial Markets.” It represents the beginning of the journey (epidemic). This course is my way of taking the “seed” of this idea to the broader community of not just professionals, but anyone interested in figuring out how and why things become “matter” to us as a society. I hope that some of you will catch the idea, mutate it, spread it, and push it forward. The beginning of the journey is the easy part. The challenge is to take these concepts to the next level. We have the tools to incorporate narratives into our research and the moral obligation to act. All that remains is the work.
What you will learn
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How and why certain stories go viral.
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How viral narratives shape public beliefs and influence our decision-making.
Special features of narrative economics
- Publisher : Coursera
- Teacher: Robert Shiller
- Language: English
- Level: Beginner
- Number of courses: 4
- Duration: 3 weeks à 1 hour per week
Contents of Narrative Economics
Requirements
Pictures
Sample clip
installation Guide
Extract the files and watch them with your favorite player
Subtitles: English
Quality: 720p
Download links
Password file(s): free download software
File size
1.04GB