This paper studies, theoretically and empirically, the role of overconfidence in political behavior. Our model of overconfidence in beliefs predicts that overconfidence leads to ideological extremeness, increased voter turnout, and increased strength of partisan identification. Moreover, the...

Das Ausmaß an Arbeitslosigkeit wird deutlich überschätzt. Das geht aus einer Analyse von 23 europäischen Staaten auf Basis des European Social Survey 2016 hervor. Im Vergleich zur Arbeitslosenquote gemäß der International Labour Organization überschätzten die Deutschen die...

Das Ausmaß an Arbeitslosigkeit wird deutlich überschätzt. Das geht aus einer Analyse von 23 europäischen Staaten auf Basis des European Social Survey 2016 hervor. Im Vergleich zur Arbeitslosenquote gemäß der International Labour Organization überschätzten die Deutschen die...

Journalism is widely believed to be crucial for holding elected officials accountable. At the same time economic theory has a hard time providing an instrumental explanation for the existence of "accountability journalism". According to the common Downsian reasoning, rational voters should not...

We investigate the effects of the rise of the Internet as an additional mass medium on news consumption patterns and political attitudes. We use Swedish survey data from 2002 to 2007, the period during which online news media emerged. We find that broadband access is associated with online media...

This paper contributes to the literature by carrying out the first econometric investigation into the role of television in the formation of political consensus in Italy. Based on probit and instrumental variables estimates, we find trust in television to be the most significant predictor of...

Journalism is widely believed to be crucial for holding elected officials accountable. At the same time economic theory has a hard time providing an instrumental explanation for the existence of “accountability journalism”. According to the common Downsian reasoning, rational voters should...

Variation in political slant across media outlets, and demand for such slant, has been studied extensively. We conduct a novel within-outlet (and within-topic) analysis of the demand for "congenially" slanted news. We study so-called horse race news from six major online outlets for the 2012 and...

A number of recent formal models predict a positive effect of political knowledge on turnout. Both information acquisition and turnout, however, are likely to be determined by a similar set of variables, rendering hard the identification of a causal link in empirical investigations. Available...

In democracies voters rely on media outlets to learn about politically salient issues. This raises an important question: how strongly can media affect public perceptions? This paper uses a natural experiment – the staggered introduction of the Digital TV signal in Italy – to measure the...