000			01371nam a22001577a 4500
999			_c517627 _d517627
008			210722b ||||| |||| 00| 0 eng d
100			_aEliaz, Kfir and Spiegler, Ran _927369
245			_aA model of competing narratives
260			_aThe American Economic Review
300			_a110(12), Dec, 2020: p.3786-3816
520			_aWe formalize the argument that political disagreements can be traced to a "clash of narratives." Drawing on the "Bayesian Networks" literature, we represent a narrative by a causal model that maps actions into consequences, weaving a selection of other random variables into the story. Narratives generate beliefs by interpreting long-run correlations between these variables. An equilibrium is defined as a probability distribution over narrative-policy pairs that maximize a representative agent's anticipatory utility, capturing the idea that people are drawn to 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. – Reproduced
650			_aPolitical Processes: Rent-seeking, Lobbying, Elections, Legislatures, Voting behavior, Information and Knowledge; Communication; Belief; Unawareness _927370
773			_aThe American Economic Review
906			_aELECTIONS
942			_cAR