Retractions: Updating from Complex Information

• 成果类型: Article; Early Access
• 署名作者: Goncalves, Duarte; Libgober, Jonathan; Willis, Jack
• 署名单位: University of London; University College London; University of Southern California; Columbia University
• 刊物名称: REVIEW OF ECONOMIC STUDIES
• ISSN/ISSBN: 0034-6527
• DOI: 10.1093/restud/rdaf032
• 发表日期: 2025
• 关键词: investors reactions; continued influence; MODEL; misinformation; DECISION; neglect; belief; disregard; thinking; others

摘要

We modify a canonical experimental design to identify the effectiveness of retractions. Comparing beliefs after retractions to beliefs (1) without the retracted information and (2) after equivalent new information, we find that retractions result in diminished belief updating in both cases. We propose this reflects updating from retractions being more complex, and our analysis supports this: we find longer response times, lower accuracy, and higher variability. The results-robust across diverse participant groups and design variations-enhance our understanding of belief updating and offer insights into addressing misinformation.