Social Connectivity, Media Bias, and Correlation Neglect

A-Tier
Journal: Economic Journal
Year: 2021
Volume: 131
Issue: 637
Pages: 2033-2057

Authors (3)

Philipp Denter (not in RePEc) Martin Dumav (not in RePEc) Boris Ginzburg (Universidad Carlos III de Madr...)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A biased newspaper aims to persuade voters to vote for the government. Voters are uncertain about the government’s competence. Each voter receives the newspaper’s report as well as independent private signals about the competence. Voters then exchange messages containing this information on social media and form posterior beliefs, neglecting correlation among messages. We show that greater social connectivity increases the probability of an efficient voting outcome if the prior favours the government; otherwise, efficiency decreases. The probability of an efficient outcome remains strictly below one even when connectivity becomes large, implying a failure of the Condorcet jury theorem.

Technical Details

RePEc Handle
repec:oup:econjl:v:131:y:2021:i:637:p:2033-2057.
Journal Field
General
Author Count
3
Added to Database
2026-01-25