Fake news: susceptibility, awareness and solutions

Tiziana Assenza (), Alberto Cardaci () and Stefanie Huber ()
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Tiziana Assenza: TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, IAST - Institute for Advanced Study in Toulouse
Alberto Cardaci: Goethe University Frankfurt
Stefanie Huber: Universität Bonn = University of Bonn

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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)
Date: 2024-10-10
Note: View the original document on HAL open archive server: https://hal.science/hal-04963065v1
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