Conferences at Department of Economics, University of Toronto, Canadian Economic Theory Conference 2012

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Demand for Slant: How Abstention Shapes Voters' Choice of News Media

Santiago Oliveros, Felix Vardy*

Date: 2012-05-04 4:30 pm – 5:00 pm
Last modified: 2012-04-17

Abstract


Binary decision theory predicts that voters prefer information sources whose biases conform to their own. We argue that voting is not a binary decision problem and that introducing abstention generates "cross-over" in news consumption (i.e., conservative voters consulting liberal media- and vice versa). SpeciÂ…cally, the option to abstain induces voters with considerable leanings towards a particular candidate to demand information that is less biased towards that candidate than voters who are less leaning towards that candidate. Moreover, non-monotonicity in the demand for slant makes voters' ideologies non-recoverable from their choice of news media and generates disproportionate demand for media outlets that are either centrist or only moderately biased.