Their YES! topic
The Economics of Fake News: Free Opinion, False Belief and Censorship?
by Gerhard Riener
Intentional distortion of facts, whitewashing, defamation of opponents through misinformation. We encounter discussions about these phenomena in the media repeatedly, and alleged facts also lead to heated debates among friends and acquaintances.
But why do people believe obviously false information? What moves other people to exploit this belief to their own advantage? These are profoundly economic questions that can be addressed with the tools of modern behavioural economics research.
To what extent is this phenomenon new?
Which actors can influence the spread of fake news?
Why do people believe obviously false information?
How should the state’s role be shaped, what approaches does the state have, and what dangers does it face?