AI meets narratives: the state and future of research on expectation formation in economics and sociology

Ekaterina Svetlova*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

7 Citations (Scopus)
112 Downloads (Pure)

Abstract

This article presents contemporary concepts of economic beliefs in economics and sociology: (a) behavioural accounts; (b) learning; (c) narrative approaches; and (d) Science and Technology Studies-inflected integrative accounts. The review argues that cutting-edge research on expectations in both disciplines has paid insufficient attention to the fact that human agents are supported and partly substituted by modern technology while forming their beliefs. Thus, this article discusses how models, algorithms and artificial intelligence co-determine and profoundly change the theoretical and empirical understanding of expectation formation, and outlines a joint research agenda for studying economic expectations.
Original languageEnglish
Pages (from-to)841-861
JournalSocio-economic review
Volume20
Issue number2
Early online date19 Jul 2021
DOIs
Publication statusPublished - Apr 2022

Keywords

  • UT-Hybrid-D

Fingerprint

Dive into the research topics of 'AI meets narratives: the state and future of research on expectation formation in economics and sociology'. Together they form a unique fingerprint.

Cite this