A theory-driven machine learning system for financial disinformation detection

• 成果类型: Article
• 署名作者: Zhang, Xiaohui; Du, Qianzhou; Zhang, Zhongju
• 署名单位: Arizona State University; Arizona State University-Tempe; Nanjing University
• 刊物名称: PRODUCTION AND OPERATIONS MANAGEMENT
• ISSN/ISSBN: 1059-1478
• DOI: 10.1111/poms.13743
• 发表日期: 2022
• 页码: 3160-3179
• 关键词: fake news; financial disinformation; social media platform; theory-driven machine learning; truth-default theory

摘要

Maliciously false information (disinformation) can influence people's beliefs and behaviors with significant social and economic implications. In this study, we examine news articles on crowd-sourced digital platforms for financial markets. Assembling a unique dataset of financial news articles that were investigated and prosecuted by the Securities and Exchange Commission, along with the propagation data of such articles on digital platforms and the financial performance data of the focal firm, we develop a well-justified machine learning system to detect financial disinformation published on social media platforms. Our system design is rooted in the truth-default theory, which argues that communication context and motive, coherence, information correspondence, propagation, and sender demeanor are major constructs to assess deceptive communication. Extensive analyses are conducted to evaluate the performance and efficacy of the proposed system. We further discuss this study's theoretical implications and its practical value.