The Demand for News: Accuracy Concerns Versus Belief Confirmation Motives

109 Pages Posted: 14 Apr 2022

See all articles by Felix Chopra

Felix Chopra

University of Bonn

Ingar Haaland

University of Bergen

Christopher Roth

University of Cologne

Date Written: 2022

Abstract

We examine the relative importance of accuracy concerns and belief confirmation motives in driving the demand for news. In experiments with US respondents, we first vary beliefs about whether an outlet reports the news in a right-wing biased, left-wing biased, or unbiased way. We then measure demand for a newsletter covering articles from this outlet. Respondents only reduce their demand for biased news if the bias is inconsistent with their own political beliefs, suggesting a trade-off between accuracy concerns and belief confirmation motives. We quantify this trade-off using a structural model and find a similar quantitative importance of both motives.

Keywords: news demand, media bias, accuracy concerns, belief confirmation

JEL Classification: D830, D910, L820

Suggested Citation

Chopra, Felix and Haaland, Ingar and Roth, Christopher, The Demand for News: Accuracy Concerns Versus Belief Confirmation Motives (2022). CESifo Working Paper No. 9673, Available at SSRN: https://ssrn.com/abstract=4082578 or http://dx.doi.org/10.2139/ssrn.4082578

Felix Chopra (Contact Author)

University of Bonn ( email )

Regina-Pacis-Weg 3
Postfach 2220
Bonn, D-53012
Germany

Ingar Haaland

University of Bergen ( email )

Mus├ęplassen 1
N-5008 Bergen, +47 55 58
Norway

Christopher Roth

University of Cologne ( email )

Albertus-Magnus-Platz
Cologne, 50923
Germany

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
25
Abstract Views
85
PlumX Metrics