Investigating Online Financial Misinformation and Its Consequences: A
Computational Perspective
- URL: http://arxiv.org/abs/2309.12363v1
- Date: Wed, 6 Sep 2023 02:50:16 GMT
- Title: Investigating Online Financial Misinformation and Its Consequences: A
Computational Perspective
- Authors: Aman Rangapur, Haoran Wang and Kai Shu
- Abstract summary: This research paper aims to provide a comprehensive survey of online financial misinformation, including its types, sources, and impacts.
Early detection and mitigation strategies can help protect investors, enhance market transparency, and preserve financial stability.
- Score: 31.24530091590395
- License: http://creativecommons.org/licenses/by/4.0/
- Abstract: The rapid dissemination of information through digital platforms has
revolutionized the way we access and consume news and information, particularly
in the realm of finance. However, this digital age has also given rise to an
alarming proliferation of financial misinformation, which can have detrimental
effects on individuals, markets, and the overall economy. This research paper
aims to provide a comprehensive survey of online financial misinformation,
including its types, sources, and impacts. We first discuss the characteristics
and manifestations of financial misinformation, encompassing false claims and
misleading content. We explore various case studies that illustrate the
detrimental consequences of financial misinformation on the economy. Finally,
we highlight the potential impact and implications of detecting financial
misinformation. Early detection and mitigation strategies can help protect
investors, enhance market transparency, and preserve financial stability. We
emphasize the importance of greater awareness, education, and regulation to
address the issue of online financial misinformation and safeguard individuals
and businesses from its harmful effects. In conclusion, this research paper
sheds light on the pervasive issue of online financial misinformation and its
wide-ranging consequences. By understanding the types, sources, and impacts of
misinformation, stakeholders can work towards implementing effective detection
and prevention measures to foster a more informed and resilient financial
ecosystem.
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