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SOE: Fachverband Physik sozio-ökonomischer Systeme

SOE 6: Poster

SOE 6.12: Poster

Monday, March 16, 2020, 17:00–20:00, P2/4OG

A model of public opinion with time-dependent media bias, audience attention and social influence. — •Michael Schnabel and Daniel Diermeier — Harris School of Public Policy, University of Chicago, USA

We consider a simple model of binary opinions. Individuals form their opinion based on individual preferences, time dependent media bias and the overall opinions in the population. In addition, we also incorporate a mechanism that is responsive to the salience of the media signal and can be used to account for variations in public attention. We explore how attention affects the opinion dynamics in the population as well as the equilibrium properties in a hypothetical static environment.