Is More Information Better? Social Learning with Confirmatory Bias
Abstract
Confirmatory bias can lead to persistent divergence of opinion regarding matters of fact. Greater availability of information can foster greater agreement, but only if the degree of confirmatory bias is small; otherwise divergence is more likely when information is more easily obtained.
Full Text: PDF
Abstract
Confirmatory bias can lead to persistent divergence of opinion regarding matters of fact. Greater availability of information can foster greater agreement, but only if the degree of confirmatory bias is small; otherwise divergence is more likely when information is more easily obtained.
Full Text: PDF
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