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Primetime Spin: Media Bias and Belief Confirming Information |
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Abstract:
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This paper develops a model of media bias in which rational agents acquire all their news from the source that is most likely to confirm their prior beliefs. Despite only wishing to make the correct decision, agents act as if they enjoy receiving news that supports their preconceptions. By exclusively gathering information from a source biased towards his prior, there is little chance an agent will be persuaded to change his mind. Moreover, it is shown that even an unbiased agent prefers to receive biased news as it is unlikely to produce conflicting reports. The media caters to the informational demands of consumers and accordingly slants its reporting. It is shown that competition may not decrease bias, but may actually enhance it. Finally, even when it increases bias, competition may improve welfare by expanding the market for news. |
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1 (255), 0 (255), q (250), 2 (238), pb (179), rm (158), bias (124), agent (103), news (98), consum (79), receiv (77), state (76), b (73), period (72), prefer (54), signal (50), toward (47), extremist (47), rst (43), watch (42), unbias (41), |
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Association:
Name: Midwest Political Science Association
URL: http://www.indiana.edu/~mpsa/
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Citation:
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MLA Citation:
| Burke, Jeremy. "Primetime Spin: Media Bias and Belief Confirming Information" Paper presented at the annual meeting of the Midwest Political Science Association, Palmer House Hotel, Chicago, IL, Apr 12, 2007 <Not Available>. 2009-05-24 <http://www.allacademic.com/meta/p198394_index.html> |
APA Citation:
| Burke, J. M. , 2007-04-12 "Primetime Spin: Media Bias and Belief Confirming Information" Paper presented at the annual meeting of the Midwest Political Science Association, Palmer House Hotel, Chicago, IL Online <APPLICATION/PDF>. 2009-05-24 from http://www.allacademic.com/meta/p198394_index.html |
Publication Type: Conference Paper/Unpublished Manuscript
Abstract: This paper develops a model of media bias in which rational agents acquire all their news from the source that is most likely to confirm their prior beliefs. Despite only wishing to make the correct decision, agents act as if they enjoy receiving news that supports their preconceptions. By exclusively gathering information from a source biased towards his prior, there is little chance an agent will be persuaded to change his mind. Moreover, it is shown that even an unbiased agent prefers to receive biased news as it is unlikely to produce conflicting reports. The media caters to the informational demands of consumers and accordingly slants its reporting. It is shown that competition may not decrease bias, but may actually enhance it. Finally, even when it increases bias, competition may improve welfare by expanding the market for news. |
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application/pdf |
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10006 |
| Text sample: |
| Primetime Spin: Media Bias and Belief Con rming Information£ Jeremy Burkey February 2007 Abstract This paper develops a model of media bias in which rational agents acquire all their news from the source that is most likely to con rm their prior beliefs. Despite only wishing to make the correct decision agents act as if they enjoy receiving news that supports their precon- ceptions. By exclusively gathering information from a source biased towards his prior there is little chance |
| Liars Who Tell Them: A Fair and Balanced Look at the Right 2003 New York: Dutton [6] Gentzkow M. and J. Shapiro \Media Bias and Reputation ". Journal of Political Economy 2006 114 Number 2 280-316 [7] Goldberg B. Bias: A CBS Insider Exposes How the Media Distort the News 2003 Washington DC: Regenery [8] Groseclose T. and J. Milyo \A Measure of Media Bias " Q.J.E. 2005 120 1191-1237 [9] Meyer M. \Learning from Coarse Information: Biased Contests |
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