We research newsworthiness in principle and observe. We concentrate on conditions by which a information outlet observes the conclusion of a state of the world and should resolve whether or not to report the conclusion to a shopper who pays a possibility value to devour the report. The buyer-optimal reporting chance is monotone in a correct scoring rule, a statistical measure of the quantity of “information” within the realization relative to the patron’s prior. We present {that a} specific scoring rule drawn from the statistics literature parsimoniously captures key patterns in reporting chances throughout a number of domains of US tv information. We argue that the scoring rule can function a helpful management variable in settings the place a researcher needs to check for bias in information reporting. Controlling for the rating vastly lessens the looks of bias in our purposes.
That may be a new paper from Luis Armona, Matthew Gentzkow, Emir Kamenica, and Jesse M. Shapiro. I take this to imply the precise bias is extra towards shocking information than detrimental information per se? By way of Paul Novosad.
