Did you know that Politifact named Fake News as the 2016 Lie of the Year? What is fake news? What are the costs and benefits of sharing news that is fake? What are the possible economic consequences of sharing fake news? For example, consider Pizzagate, where fake news created a situation where an armed man stormed a pizza shop, reported to be implicated in human trafficking. What are the possible economic consequences of sharing a Facebook or Twitter post that can harm a business?
Deborah Kozdras, Ph.D.