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Spreading false information can also seriously impede the effective and efficient use of the information available on social media. [124] An emerging trend in the online information environment is "a shift away from public discourse to private, more ephemeral, messaging ", which is a challenge to counter misinformation.
Information economics or the economics of information is the branch of microeconomics that studies how information and information systems affect an economy and economic decisions. [ 1 ] One application considers information embodied in certain types of commodities that are "expensive to produce but cheap to reproduce."
The Shorenstein Center at Harvard University defines disinformation research as an academic field that studies "the spread and impacts of misinformation, disinformation, and media manipulation," including "how it spreads through online and offline channels, and why people are susceptible to believing bad information, and successful strategies for mitigating its impact". [23]
Information economics is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions.
Malinformation is information which is based on fact, but removed from its original context in order to mislead, harm, or manipulate. [1] Whether something should be considered malinformation can therefore contain an element of subjectivity, and it is therefore a controversial concept. Critics believe it can be used to censor dissenting opinions.
The media industry is an example of the information economy. Information economy is an economy with an increased emphasis on informational activities and information industry, where information is valued as a capital good. [1] The term was coined by Marc Porat, a graduate student at Stanford University, who would later co-found General Magic. [2]
Market information systems (otherwise known as market intelligence systems, market information services, or MIS, and not to be confused with management information systems) are information systems used in gathering, analyzing and disseminating information about prices and other information relevant to farmers, animal rearers, traders, processors and others involved in handling agricultural ...
An information marketplace differs from the market place of ordinary goods as information goods are not actually consumed and can be reproduced and distributed at a very low marginal cost. [15] The unique characteristics of information goods complicate many standard economic theories. [16] Economic theories on information goods face the problem ...