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Philipps-Universität Marburg
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.
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This item has been published with the following license: In Copyright