« links for 2011-09-17 | Main | Shiller: Keynes' Beauty Contest Problem »

Sunday, September 18, 2011

What Liberal Bias?

Good question:

Fair and balanced after all? The bias of the US press, by Riccardo Puglisi and James M. Snyder, Jr.,Vox EU: ...In a recent and influential paper, Tim Groseclose and Jeff Milyo (2005) ... conclude that the US media display an overall liberal bias, i.e. most media outlets are to the left of the average American voter. ... The results in Groseclose-Milyo are likely to become salient in the public debate over the next year, as Groseclose has recently published Left Turn: How Liberal Media Bias Distorts the American Mind, which draws heavily on their findings.
Because of its novelty, prominence, and stark conclusions, the original Groseclose-Milyo paper has been subject to several critiques... For example, John Gasper (forthcoming) shows that the liberal bias essentially disappears if we exclude the citations of a single group – the National Taxpayers Union – from the analysis. ...
[I]n our paper “The Balanced US Press” (2011a)..., we ... find that, on average, newspapers are located almost exactly at the median voter in their home states. ...
Economists often point out that rational citizens are less likely to be influenced by media bias if they learn that this bias exists. However, we might also worry about the political and policy consequences of wrongly persuading citizens that media outlets have a left-leaning position overall, when in fact they are balanced. That is: What happens if citizens are convinced to “undo” a bias that does not exist?

    Posted by on Sunday, September 18, 2011 at 03:24 AM in Economics, Press | Permalink  Comments (27)


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.