Fake News, Voter Overconfidence, and the Quality of Democratic Choice

نویسندگان

چکیده

This paper studies, theoretically and experimentally, the effects of overconfidence fake news on information aggregation quality democratic choice in a common-interest setting. We show that exacerbates adverse widespread misinformation (i.e., news). then analyze richer models allow for partisanship, targeted intended to sway public opinion, signals correlated across voters (due media ownership concentration or censorship). In our experiment, severely undermines aggregation, suggesting effect can be much more pronounced at collective than individual level. (JEL C91, D12, D72, D82, D83, L82)

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ژورنال

عنوان ژورنال: The American Economic Review

سال: 2022

ISSN: ['2640-205X', '2640-2068']

DOI: https://doi.org/10.1257/aer.20201844