Upcoming Master Class with
Rachel Kranton (Duke University)
“News Sharing and The Market for (Fake) News”
15 March 2018, 10:30-11:45
Villa La Fonte, Conference Room
This research considers the creation of decision-relevant information ("news") that may be true or false and that people can share over a social network. The model captures a range of settings including social media (such as twitter) and high school gossip.
People are completely rational and want to spread and adopt only true news.
The model adds the feature that people can “fact check” the news and decide whether or not spread it or adopt it.
We find that this ability to fact check the news leads to greater overall news adoption but also to greater adoption of false news.