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Breaking Down the Market for Misinformation — Gonzalo Cisternas and Jorge Vásquez

Summary:
Assumes (tacitly) 1) that objective "fact-checking" is possible to achieve and 2) that a majority of consumers of information will deem the so-called fact-checking credible. Both of these implicit assumptions seem questionable evidential  in light of mistakes and anecdotally (based on responses when sending people to purported fact-checking sites).New words addressing this have become internet memes, like "truthiness" and "gaslighting."Liberty Street EconomicsBreaking Down the Market for MisinformationGonzalo Cisternas and Jorge Vásquez

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Assumes (tacitly) 1) that objective "fact-checking" is possible to achieve and 2) that a majority of consumers of information will deem the so-called fact-checking credible. 

Both of these implicit assumptions seem questionable evidential  in light of mistakes and anecdotally (based on responses when sending people to purported fact-checking sites).

New words addressing this have become internet memes, like "truthiness" and "gaslighting."

Liberty Street Economics
Breaking Down the Market for Misinformation
Gonzalo Cisternas and Jorge Vásquez
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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