Harashima, Taiji (2024): Disinformation and Mutual Trust: An Economic Model.
PDF
MPRA_paper_121865.pdf Download (622kB) |
Abstract
Information or disinformation is more likely to be believed if it comes from a trusted person or source. This means that the impact of disinformation will greatly differ depending on the level of trust. Moreover, one person’s judgement can be influenced by other people’s judgements, which conversely means that one person’s judgement can influence other people’s judgements. To examine this relationship, I construct a model of uncovering disinformation and combine it with a model of disinformation dissemination. I show that as the level of mutual trust in an economy (society) increases, the probability of uncovering disinformation increases, and a high level of mutual trust greatly restrains disinformation from being believed and accepted, which will consequently considerably increase efficiency in various aspects of economic activities. That is, mutual trust is an important factor to achieve high levels of economic, social, and perhaps political activities.
Item Type: | MPRA Paper |
---|---|
Original Title: | Disinformation and Mutual Trust: An Economic Model |
Language: | English |
Keywords: | Disinformation, Efficiency, Externality, Mutual trust, Productivity, Trust |
Subjects: | D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D80 - General |
Item ID: | 121865 |
Depositing User: | Taiji Harashima |
Date Deposited: | 03 Sep 2024 13:05 |
Last Modified: | 03 Sep 2024 13:05 |
References: | Bstieler, Ludwig (2006) “Trust Formation in Collaborative New Product Development,” Journal of Product Innovation Management, Vol. 23, No. 1, pp. 1-104. Fehr, Ernst (2009) “On the Economics and Biology of Trust,” Journal of the European Economic Association, Vol. 7, No. 2-3, pp. 235–266. Fulmer, C. Ashley and Michele J. Gelfand (2012) “At What Level (and in Whom) We Trust: Trust Across Multiple Organizational Levels,” Journal of Management, Vol. 38, No. 4, pp.1167-1230. Harashima, Taiji (2009) “A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element,” MPRA (The Munich Personal RePEc Archive) Paper No. 15508. Harashima, Taiji (2012) “A Theory of Intelligence and Total Factor Productivity: Value Added Reflects the Fruits of Fluid Intelligence,” MPRA (The Munich Personal RePEc Archive) Paper No. 43151. Harashima, Taiji (2016) “A Theory of Total Factor Productivity and the Convergence Hypothesis: Workers’ Innovations as an Essential Element,” in Japanese, Journal of Kanazawa Seiryo University, Vol. 50, No. 1, pp. 55–80. (「全要素生産性の理論と収斂仮説:根源的要素としての一般労働者のイノベーション」『金沢星稜大学論集』第50巻第1号 55~80頁) Harashima, Taiji (2020) “A Theory of Intelligence and Total Factor Productivity: Value Added Reflects the Fruits of Fluid Intelligence,” in Japanese, Journal of Kanazawa Seiryo University, Vol. 53, No. 2, pp. 65–82. (「知能の理論と全要素生産性─流動性知能の成果としての付加価値」『金沢星稜大学論集』第53巻第2号 65-82頁) Harashima, Taiji (2021) “Economic Inequality and Heterogeneous Success Rates of Investment,” MPRA (The Munich Personal RePEc Archive) Paper No. 110688. Harashima, Taiji (2022) “Asymmetric Information and Ranked Information Are Equivalent in Making Information Utilization Heterogeneous,” Journal of Applied Economic Sciences, Vol. 17, No. 3, pp. 250 – 261. Harashima, Taiji (2023a) “An Economic Theory of Disinformation,” Theoretical and Practical Research in Economic Fields, Vol. 14, No. 1. pp. 16-27. Harashima, Taiji (2023b) “Economic Rents Extracted in the Process of Consumption,” MPRA (The Munich Personal RePEc Archive) Paper No. 119012. Kumar, Nirmalya (1996) “The Power of Trust in Manufacturer-Retailer Relationships,” Harvard Business Review, Vol. 74, No. 6, pp.92-106. La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny (1997) “Trust in Large Organizations,” The American Economic Review, Vol. 87, No. 2, Papers and Proceedings of the Hundred and Fourth Annual Meeting of the American Economic Association, pp. 333-338. Schumacher, Christoph R. (2006) “Trust – a Source of Success in Strategic Alliances?” Schmalenbach Business Review, Vol. 58, pp. 259-278. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/121865 |