Media Bias and Reputation
TLDR
In this paper, a Bayesian consumer who is uncertain about the quality of an information source will infer that the source is of higher quality when its reports conform to the consumer's prior expectations.Abstract:
A Bayesian consumer who is uncertain about the quality of an information source will infer that the source is of higher quality when its reports conform to the consumer’s prior expectations. We use...read more
Citations
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Affect, Not Ideology A Social Identity Perspective on Polarization
TL;DR: The authors argue that exposure to messages attacking the out-group reinforces partisans' biased views of their opponents, and that partisan affect is inconsistently (and perhaps artifactually) founded in policy attitudes.
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Red Media, Blue Media: Evidence of Ideological Selectivity in Media Use
TL;DR: This paper found that the demand for news varies with the perceived affinity of the news organization to the consumer's political preferences, and that the tendency to select news based on anticipated agreement was also strengthened among more politically engaged partisans.
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The Fox News Effect: Media Bias and Voting
Stefano DellaVigna,Ethan Kaplan +1 more
TL;DR: In this article, the authors analyze the entry of Fox News in cable markets and its impact on voting, and find that media bias affects voting in the U.S. Between October 1996 and November 2000, the conservative Fox News Channel was introduced i
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A New Era of Minimal Effects? The Changing Foundations of Political Communication
W. Lance Bennett,Shanto Iyengar +1 more
TL;DR: For instance, this article pointed out that people have become increasingly detached from overarching institutions such as public schools, political parties, and civic groups, which at one time provided a shared context for receiving and interpreting messages.
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Filter Bubbles, Echo Chambers, and Online News Consumption
TL;DR: For instance, this paper found that social networks and search engines are associated with an increase in the mean ideological distance between individuals, and that the magnitude of the effects is relatively modest, while also finding that the vast majority of online news consumption is accounted for by individuals simply visiting the home pages of their favorite, typically mainstream, news outlets.
References
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Biased Assimilation and Attitude Polarization: The Effects of Prior Theories on Subsequently Considered Evidence
TL;DR: In this paper, subjects supporting and opposing capital punishment were exposed to two purported studies, one seemingly confirming and one seemingly disconfirming their existing beliefs about the deterrent efficacy of the death penalty.
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Strategic information transmission
Vincent P. Crawford,Joel Sobel +1 more
TL;DR: In this article, the authors developed a model of strategic communication in which a better-informed Sender (S) sends a possibly noisy signal to a Receiver (R), who then takes an action that determines the welfare of both.
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Reputation and imperfect information
David M. Kreps,Robert Wilson +1 more
TL;DR: The authors reexamine Selten's model, adding to it a small amount of imperfect (or incomplete) information about players' payoffs, and find that this addition is sufficient to give rise to the reputation effect that one intuitively expects.
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Predation, reputation, and entry deterrence☆
Paul Milgrom,John Roberts +1 more
TL;DR: In this paper, a gametheoretic, equilibrium analysis suggests that if a firm is threatened by several potential entrants, then predation may be rational against early entrants, even if it is costly when viewed in isolation, because it yields a reputation which deters other entrants.
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Rationality and Analysts' Forecast Bias
TL;DR: In this article, a quadratic-loos utility function was proposed and tested for modeling corporate earnings forecasting, where financial analysts trade off bias to improve management access and forecast accuracy.