Podcast
Questions and Answers
What is one potential benefit of including narratives in economic modeling?
What is one potential benefit of including narratives in economic modeling?
- Adding unnecessary information to economic models
- Increasing the complexity of economic models
- Making economic models more confusing
- Enhancing the explanatory power of economic models (correct)
How can narratives be useful in explaining crises, investment decisions, brands, and policies?
How can narratives be useful in explaining crises, investment decisions, brands, and policies?
- By adding irrelevant details that distract from the main issues
- By making the models more complicated and harder to analyze
- By confusing policymakers and hindering decision-making
- By providing a chronological account that enables better understanding (correct)
Why has the traditional approach to policy analysis disliked the role of narratives in policy making?
Why has the traditional approach to policy analysis disliked the role of narratives in policy making?
- Because it values evidence over storytelling (correct)
- Because politicians are not skilled at storytelling
- Because narratives are considered too emotional for policy making
- Because it sees politicians as technicians rather than storytellers
In the context of policy analysis, what does 'value-laden stories' refer to?
In the context of policy analysis, what does 'value-laden stories' refer to?
How can narratives help policymakers and politicians see each other from different perspectives?
How can narratives help policymakers and politicians see each other from different perspectives?
What role do politicians traditionally play in the storytelling process according to the text?
What role do politicians traditionally play in the storytelling process according to the text?
What is the main focus of the paper mentioned in the abstract?
What is the main focus of the paper mentioned in the abstract?
What are the three major categorized aspects on which narratives have an impact as mentioned in the paper?
What are the three major categorized aspects on which narratives have an impact as mentioned in the paper?
How are narratives and stories described in the introduction?
How are narratives and stories described in the introduction?
In which fields do narratives have an impact according to the paper?
In which fields do narratives have an impact according to the paper?
What is the primary difference highlighted between narratives and stories in the text?
What is the primary difference highlighted between narratives and stories in the text?
How does the paper aim to uncover more insights according to the abstract?
How does the paper aim to uncover more insights according to the abstract?
Why can one phenomenon have different explanations in financial markets?
Why can one phenomenon have different explanations in financial markets?
What contributes to biases in decision-making processes?
What contributes to biases in decision-making processes?
How does a storyteller have an advantage over a listener?
How does a storyteller have an advantage over a listener?
What characteristic makes narratives in financial markets influential?
What characteristic makes narratives in financial markets influential?
Why is the conventional approach ineffective in explaining asset bubbles?
Why is the conventional approach ineffective in explaining asset bubbles?
What distinguishes behavioral finance from traditional finance theories?
What distinguishes behavioral finance from traditional finance theories?
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