Discussion Paper

No. 2014-23 | June 04, 2014
The Magic of Storytelling: How Curiosity and Aesthetic Preferences Work
(Published in Special Issue Economics, Psychology and Choice Theory)

Abstract

Why do we love stories? That this is not an idle question is shown by the fact that we spend an enormous amount of time in our lives following stories: telling and listening to them; reading them; watching them on television or in films or on stage. Despite their recurrent similarity and even predictability, we continue to enjoy them. The paper brings to bear on this question two different strands of current literature in experimental psychology: the literature on aesthetic preferences, and the literature on curiosity and interest. The paper discusses how, in the case of storytelling in particular, though also of creative activities in general, there are two types of curiosity at work: explorative curiosity – associated with investigating new ideas for the simple joy of it and regardless of source – and specific curiosity, corresponding to focused exploration and aimed at solving problems for which the accuracy and relevance of information is of importance. In both cases curiosity is felt as an intensely pleasant experience, which is affected not only by external, but also by the internal stimuli of novelty and challenge. But how does interest/curiosity solidify into preferences that have stability enough to guarantee guidance yet sufficient flexibility to allow for change? The answer explored here highlights the distinction between comfort goods and activities and creative goods and activities. The latter, which allow for complexity, variety and multiplicity of dimensions have a transformative power that allows also for sustained stimulation and interest. The broader aim is to analyze the “behavior” of individual preferences in consumption activity, not only of art, the usual focus in discussion of aesthetic preferences, but also of all those goods and activities that can be called creative.

JEL Classification

D01 D11

Cite As

Marina Bianchi (2014). The Magic of Storytelling: How Curiosity and Aesthetic Preferences Work. Economics Discussion Papers, No 2014-23, Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2014-23

Assessment



Comments and Questions


Anonymous - Invited Reader Comment
July 16, 2014 - 08:05

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Anonymous - Referee Report 1
July 24, 2014 - 10:41

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