CEU eTD Collection (2016); Tislér, László: The Effect of Fake News On Elections: A Model With Inattentive Voters

CEU Electronic Theses and Dissertations, 2016
Author Tislér, László
Title The Effect of Fake News On Elections: A Model With Inattentive Voters
Summary This thesis analyses how political leadership can use fake news to shroud its incompetence from the public. Fake news are distractive because voters find it costly to follow multiple media channels and are often satisfied with the information provided by the government. I find that when having an incompetent governance decreases voters' utility substantially, they pay attention to the media and fake news cannot distract them. However, when incompetence has a moderate social cost the government effectively shrouds its incapability. My model also predicts that when attention to various media channels is too costly citizens will settle with the governmental media and are subject to distractive fake news. Additionally, prior uncertainty about the competence of political parties has a positive impact on news consumption which discourages the government from publishing hoaxes.
Supervisor Adam Szeidl
Department Economics MA
Full texthttps://www.etd.ceu.edu/2016/tisler_laszlo.pdf

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