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Folktale Narratives and Economic Behavior

Author

Listed:
  • Igor Asanov

    (University of Kassel)

  • Dominik P. Heinisch

    (University of Kassel)

  • Nhat Luong

    (University of Kassel)

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.

Suggested Citation

  • Igor Asanov & Dominik P. Heinisch & Nhat Luong, 2020. "Folktale Narratives and Economic Behavior," MAGKS Papers on Economics 202009, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    • Handle: RePEc:mar:magkse:202009
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    File URL: http://www.uni-marburg.de/fb02/makro/forschung/magkspapers/paper_2020/09-2020_asanov.pdf
    File Function: First 202009
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    Cited by:

    1. Łukasz Baszczak, 2023. "Ekonomia narracji – początki nowego nurtu," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 66-81.

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