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Fake news: susceptibility, awareness and solutions

Author

Listed:
  • Tiziana Assenza

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - Comue de Toulouse - Communauté d'universités et établissements 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 = Goethe-Universität Frankfurt am Main)

  • Stefanie Huber

    (Universität Bonn = University of Bonn)

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.

Suggested Citation

  • Tiziana Assenza & Alberto Cardaci & Stefanie Huber, 2024. "Fake news: susceptibility, awareness and solutions," Working Papers hal-04963065, HAL.
    • Handle: RePEc:hal:wpaper:hal-04963065
    Note: View the original document on HAL open archive server: https://hal.science/hal-04963065v1
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    Cited by:

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    2. Tiziana Assenza & Fabrice Collard & Patrick Fève & Stefanie Huber, 2024. "From Buzz to Bust: How Fake News Shapes the Business Cycle," Working Papers hal-04958375, HAL.

    More about this item

    Keywords

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    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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