The demand for news : accuracy concerns versus belief confirmation motives

Felix Chopra, Ingar Haaland, Christopher Roth

We examine the relative importance of accuracy concerns and belief confirmation motives in driving the demand for news. In experiments with US respondents, we first vary beliefs about whether an outlet reports the news in a right-wing biased, left-wing biased, or unbiased way. We then measure demand for a newsletter covering articles from this outlet. Respondents only reduce their demand for biased news if the bias is inconsistent with their own political beliefs, suggesting a trade-off between accuracy concerns and belief confirmation motives. We quantify this trade-off using a structural model and find a similar quantitative importance of both motives.

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Year of publication:	June 2022 ; June 2022 (updated version)
Authors:	Anand Chopra, Felix ; Haaland, Ingar ; Roth, Christopher
Publisher:	Bonn : ECONtribute
Subject:	News Demand \| Media Bias \| Accuracy Concerns \| Belief Confirmation \| Theorie \| Theory \| Systematischer Fehler \| Bias \| Nachfrage \| Demand \| Erwartungsbildung \| Expectation formation

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Extent:	1 Online-Ressource (circa 110 Seiten) Illustrationen
Series:	ECONtribute discussion paper. - Köln : [ECONtribute], ZDB-ID 3035748-2. - Vol. no. 157
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/262101 [Handle]
Classification:	D83 - Search, Learning, Information and Knowledge ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; L82 - Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013175698