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Partisan News: The Market for Coverage |
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Abstract:
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Since the early work of Downs, the demand for political information has presented a problem to rational choice theorists. In terms of news coverage, market pressures should lead to see the same coverage by different media outlets. But then why do we see so many claims to the contrary? Contemporary work in the psychology of decision making suggests that people suffer from a confirmation bias. This bias can be thought of as a tendency to seek out, or prefer, information that confirms one’s prior belief. In this
paper we propose a formal model of the market for political news, and show that when the audience has this bias it may be profitable for firms to differentiate their coverage or evaluations. |
Most Common Document Word Stems:
news (68), firm (52), market (49), pi (48), 2 (48), p (45), pj (42), broadcast (38), bias (34), peopl (31), watch (31), model (31), inform (30), x (28), 1 (27), k (26), differ (25), organ (24), individu (23), coverag (20), media (20), |
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Association:
Name: The Midwest Political Science Association URL: http://www.indiana.edu/~mpsa/
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Citation:
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MLA Citation:
| Gasper, John. "Partisan News: The Market for Coverage" Paper presented at the annual meeting of the The Midwest Political Science Association, Palmer House Hilton, Chicago, Illinois, Apr 07, 2005 <Not Available>. 2009-05-25 <http://www.allacademic.com/meta/p85840_index.html> |
APA Citation:
| Gasper, J. , 2005-04-07 "Partisan News: The Market for Coverage" Paper presented at the annual meeting of the The Midwest Political Science Association, Palmer House Hilton, Chicago, Illinois Online <.PDF>. 2009-05-25 from http://www.allacademic.com/meta/p85840_index.html |
Publication Type: Conference Paper/Unpublished Manuscript Review Method: Peer Reviewed Abstract: Since the early work of Downs, the demand for political information has presented a problem to rational choice theorists. In terms of news coverage, market pressures should lead to see the same coverage by different media outlets. But then why do we see so many claims to the contrary? Contemporary work in the psychology of decision making suggests that people suffer from a confirmation bias. This bias can be thought of as a tendency to seek out, or prefer, information that confirms one’s prior belief. In this
paper we propose a formal model of the market for political news, and show that when the audience has this bias it may be profitable for firms to differentiate their coverage or evaluations. |
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| Document Type: |
.pdf |
| Page count: |
22 |
| Word count: |
5947 |
| Text sample: |
| PARTISAN NEWS: THE MARKET FOR COVERAGE JOHN T. GASPER Abstract. Since the early work of Downs the demand for political information has pre- sented a problem to rational choice theorists. In terms of news coverage market pressures should lead to see the same coverage by different media outlets. But then why do we see so many claims to the contrary? Contemporary work in the psychology of decision making suggests that people suffer from a confirmation bias. This bias can |
| W. Patty Elections and the media: The supply side Working paper Carnegie Mellon University 2000. 22 JOHN T. GASPER 17. Samuel L. Popkin The reasoning voter The University of Chicago Press 1991. 18. Information participation and choice ch. One pp. 1735 University of Michigan Press 1993. 19. Matthew Rabin and Joel Schrag First impressions matter: A model of confirmatory bias Quarterly Journal of Economics 114 (1999) no. 1 3782. 20. Jean Tirole The theory of industrial organization The MIT |
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