Narrative Economics: A New Science of the Impact of Viral Stories on Economic Events
11 hrs. 49 min.
Language
Russian
Author
Robert Shiller
Author
Robert Shiller
Narrator
Pavel Koritskiy
Narrator
Pavel Koritskiy
The world economy is governed not only by money, but also by stories. For example, the price of Bitcoin reached thousands of dollars because people believed in its value. Nobel Prize laureate Robert Shiller proposed a theory that economic models based on viral stories are more accurate. He argues that studying such stories, which spread like an “information epidemic,” makes it possible to make more precise predictions in the economy. This helps humanity prepare for economic shocks and reduce their impact.
These ideas are discussed in detail in his book “Narrative Economics.”
These ideas are discussed in detail in his book “Narrative Economics.”
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