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Applied Micro Workshop – Kfir Eliaz, “A Model of Competing Narratives”

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Kfir Eliaz and Ran Spiegler: “A Model of Competing Narratives” We formalize the argument that disagreements over public policy can be traced to a “clash of narratives”. Drawing on the literature on “Bayesian Networks”, we model a narrative as a causal model that maps actions into consequences, weaving a selection of other random variables into the story. An equilibrium is defined as a probability distribution over narrative–policy pairs that maximize a representative agent’s anticipatory utility, capturing the idea that public opinion favors hopeful narratives. Our equilibrium analysis sheds light on the structure of prevailing narratives, the variables they involve, the policies they sustain and their contribution to political polarization.

Event details
What
  • Presentation
When Nov 13, 2018
from 16:00 to 17:30
Where briq, Seminar Room 9/1.1, Schaumburg-Lippe-Straße 9
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