Fake News: Susceptibility, Awareness and Solutions

Tiziana Assenza, Alberto Cardaci and Stefanie Huber

No 24-1519, TSE Working Papers from Toulouse School of Economics (TSE)

Abstract: This paper quantifies the impact of a demand-side policy intervention on citizens’ willingness to pay for protection against misinformation. We find that individuals generally lack proficiency in identifying fake news and overestimate their ability to distinguish between accurate and false content. Providing information-through-experience about personal susceptibility to fake news leads to belief updating and greater awareness of detection ability. Crucially, this increased awareness significantly raises individuals’ willingness to pay for measures that protect against the harms of misinformation.

Keywords: Fake news; misinformation; personal susceptibility; experience; belief updating; willingness to pay; demand-side policy intervention; RCT experiments (search for similar items in EconPapers)
JEL-codes: C83 D83 D84 D91 (search for similar items in EconPapers)
Date: 2024-03-27, Revised 2024-11
New Economics Papers: this item is included in nep-dcm and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Fake News: Susceptibility, Awareness and Solutions (2024)
Working Paper: Fake News: Susceptibility, Awareness, and Solutions (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:tse:wpaper:129250

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