Media Bias and Reputation
نویسندگان
چکیده
منابع مشابه
Media Bias and Reputation
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 this fact to build a model of media bias in which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias emerges in our model even thou...
متن کاملSupplemental Appendix to “ Media Bias and Reputation ” Matthew
In this extension, we show that the basic link between consumer priors and inferences about quality holds in a larger class of information structures than the simple model considered in the paper. That is, it is a robust property of Bayesian belief formation. Suppose the true state of the world is S ∈ {L,R}. Information sources, which may be high or low quality, make a report ŝ ∈ D, where D is ...
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Reputation systems appear to be inherently biased towards betterthan-average ratings. We explain this as a consequence of self-selection, where reviewers are drawn disproportionately from the subset of potential consumers favorably predisposed toward the resource. Inflated ratings tend to attract consumers with lower expected value, who have a greater chance of disappointment. Paradoxically, th...
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B in the market for news is well-documented. Recent research in economics explains the phenomenon by assuming that consumers want to read (watch) news that is consistent with their tastes or prior beliefs rather than the truth. The present paper builds on this idea but recognizes that (i) besides “biased” consumers, there are also “conscientious” consumers whose sole interest is in discovering ...
متن کاملPersistent Media Bias 1
The news media plays an essential role in society, but surveys indicate that the public views the media as biased. This paper presents a theory of media bias that originates with private information obtained by journalists through their investigations and persists despite profit-maximizing news organizations and rivalry from other news organizations. Bias has two effects on the demand for news....
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ژورنال
عنوان ژورنال: Journal of Political Economy
سال: 2006
ISSN: 0022-3808,1537-534X
DOI: 10.1086/499414