Biases in information selection and processing: Survey evidence from the pandemic

Ester Faia, Andreas Fuster, Vincenzo Pezone, Basit Zafar

Research output: Contribution to journalArticleScientificpeer-review

4 Citations (Scopus)
64 Downloads (Pure)

Abstract

We conduct two survey experiments to study which information people choose to consume and how it affects their beliefs. In the first experiment, respondents choose between optimistic and pessimistic article headlines related to the COVID-19 pandemic, and are then randomly shown one of the articles. Respondents with more pessimistic prior beliefs tend to prefer pessimistic headlines, providing evidence of confirmation bias. Additionally, respondents assigned to the less preferred article discount its information. The second experiment studies the role of partisan views, uncovering strong source dependence: news source revelation further distorts information acquisition, eliminating the role of priors in article choice.
Original languageEnglish
Pages (from-to)829-847
Number of pages19
JournalReview of Economics and Statistics
Volume106
Issue number3
DOIs
Publication statusPublished - May 2024

Keywords

  • belief updating
  • confirmatory biases
  • endogenous information acquisition
  • media polarization
  • source dependence
  • COVID-19

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