Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279178 
Year of Publication: 
2023
Series/Report no.: 
CESifo Working Paper No. 10429
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Understanding behavioral aspects of collective decision-making is an important challenge for eco-nomics, and narratives are a crucial group-based mechanism that influences human decision-making. This paper introduces the Character-Role Narrative Framework as a tool to systematically analyze narratives, and applies it to study US climate change policy on Twitter over the 2010-2021 period. We build on the idea of the so-called drama triangle that suggests, within the context of a topic, the essence of a narrative is captured by its characters in one of three essential roles: hero, villain, and victim. We show how this intuitive framework can be easily integrated into an empirical pipeline and scaled up to large text corpora using supervised machine learning. In our application to US climate change policy narratives, we find strong changes in the frequency of simple and complex character-role narratives over time. Using contagiousness, popularity, and sparking conversation as three distinct dimensions of virality, we show that narratives that are simple, feature human characters and emphasize villains tend to be more viral. Focusing on Donald Trump as an example of a populist leader, we demonstrate that populism is linked to a higher share of such simple, human, and villain-focused narratives.
Subjects: 
narrative economics
text-as-data
machine learning
large language models
climate change
virality
populism
JEL: 
C80
D72
H10
P16
Q54
Document Type: 
Working Paper
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