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Rational populists: the social consequences of shared narratives

Author

Listed:
  • Angelo Antoci

    (University of Sassari)

  • Guido Ferilli

    (IULM University)

  • Paolo Russu

    (University of Sassari)

  • Pier Luigi Sacco

    (IULM University
    Computational Human Behavior Lab, Bruno Kessler Foundation
    Harvard University, and metaLAB (at) Harvard)

Abstract

We study a simple opinion dynamic model where a number of influencers have the possibility of conditioning it by supporting one of two alternative narratives. Influencers choose the narrative to support in order to optimize their return. They can therefore choose to support a narrative that is socially dysfunctional with which they need not agree with, insofar as the environmental conditions make it convenient. We show in particular under what conditions the dynamic leads to social polarization, that is, eventual takeover of one narrative over the other. The critical factors in this regard are the persuasion strength of the narratives and the number of influencers who are active. Stronger persuasion and a larger number of influencers both favor the takeover of one narrative over the other. In particular, simulation results suggest that even small changes in persuasion strength may cause major changes in the social dynamic and sudden regime shifts. We discuss the policy implications of these results, with an eye to current trends in online media in reinforcement of persuasion strength, e.g. by deploying artificial bots that reverberate one narrative at the expense of the others.

Suggested Citation

  • Angelo Antoci & Guido Ferilli & Paolo Russu & Pier Luigi Sacco, 2020. "Rational populists: the social consequences of shared narratives," Journal of Evolutionary Economics, Springer, vol. 30(2), pages 479-506, April.
  • Handle: RePEc:spr:joevec:v:30:y:2020:i:2:d:10.1007_s00191-019-00659-2
    DOI: 10.1007/s00191-019-00659-2
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    Cited by:

    1. Antoci, Angelo & Sabatini, Fabio & Sacco, Pier Luigi & Sodini, Mauro, 2022. "Experts vs. policymakers in the COVID-19 policy response," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 22-39.
    2. Łukasz Baszczak, 2023. "Ekonomia narracji – początki nowego nurtu," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 66-81.
    3. Roos, Michael W. M. & Reccius, Matthias, 2021. "Narratives in economics," Ruhr Economic Papers 922, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    4. Michael Roos & Matthias Reccius, 2021. "Narratives in economics," Papers 2109.02331, arXiv.org, revised Dec 2022.

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    More about this item

    Keywords

    Opinion dynamic; Narratives; Persuasion strength; Influencers; Populism;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy

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