Does media bias affect voting? We address this question by looking at the entry of Fox News in cable markets and its … bias and about politician quality. The Fox News effect could be a temporary learning effect for rational voters, or a …

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 though it can make all market participants worse off. The model predicts that bias will be less …

There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …

election even though such spending may be due to opportunistic manipulation, because it can also reflect sincere preference of …

some, but not all, of the approximation bias …

the spot rate. We use the surveys to decompose the bias into a protion attributable to the risk premium and a portion … attributable to systematic prediction errors. The survey data suggest that our findings of both unconditional and conditional bias …