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Bibframe Work

Title
Media bias and reputation Media bias and reputation
Type
Text
Genre Form
electronic resource
Language
English
Classification
LCC: HB1 (Source: dlc)
Identified By
Lccn: 2005620003
Summary
"A Bayesian consumer who is uncertain about the quality of an information source will infer that the source is of higher 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 severe when consumers receive independent evidence on the true state of the world, and that competition between independently owned news outlets can reduce bias. We present a variety of empirical evidence consistent with these predictions"--National Bureau of Economic Research web site.
Authorized Access Point
Gentzkow, Matthew. Media bias and reputation
Authorized Access Point Variant
Shapiro, Jesse. Media bias and reputation
National Bureau of Economic Research. Media bias and reputation