000 01652nab a2200277 c 4500
999 _c146866
_d146866
003 ES-MaIEF
005 20221205130220.0
007 ta
008 221205t2022 us ||||| |||| 00| 0|eng d
040 _aES-MaIEF
_bspa
_cES-MaIEF
100 _970264
_aKartal, Melis
245 0 _aFake news, voter overconfidence, and the quality of democratic choice
_c by Melis Kartal and Jean-Robert Tyran
500 _aResumen.
504 _aBibliografía.
520 _aThis paper studies, theoretically and experimentally, the effects of overconfidence and fake news on information aggregation and the quality of democratic choice in a common-interest setting. We theoretically show that overconfidence exacerbates the adverse effects of widespread misinformation (i.e., fake news). We then analyze richer models that allow for partisanship, targeted misinformation intended to sway public opinion, and news signals correlated across voters (due to media ownership concentration or censorship). In our experiment, overconfidence severely undermines information aggregation, suggesting that the effect of overconfidence can be much more pronounced at the collective than at the individual level.
650 4 _941808
_aDEMOCRACIA
650 4 _947719
_aMEDIOS DE COMUNICACION SOCIAL
650 4 _946833
_aINFORMACION
650 4 _947876
_aOPINION PUBLICA
650 4 _970265
_aNOTICIAS FALSAS
650 4 _955164
_aVOTO
650 _aMODELOS ECONOMETRICOS
_947776
700 _98348
_aTyran, Jean Robert
773 0 _9168553
_oOP 234/2022/10
_tThe American Economic Review
_w(IEF)103372
_x 0002-8282
_gv. 112, n. 10, October 2022, p. 3367-3397
942 _cART