How Novelty and Narratives Drive the Stock Market
How Novelty and Narratives Drive the Stock Market 'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings. When unscheduled events hit the…
Specifikacia How Novelty and Narratives Drive the Stock Market
How Novelty and Narratives Drive the Stock Market
'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings. When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. In recent years, this concept has been discussed in relation to the emerging field of narrative economics.
This book assesses the novelty-narrative hypothesis for the U.S. To deal with uncertainty, investors engage in narratives which simplify the complexity of real-time, non-routine change. stock market by conducting a comprehensive investigation of unscheduled events using big data textual analysis of financial news.
This important contribution to the field of narrative economics finds that major macro events and associated narratives spill over into the churning stream of corporate