Media plays a role in shaping market narratives from "summary" of Irrational Exuberance by Robert J. Shiller
The media has a significant impact on the way people perceive the market. Through various channels such as television, newspapers, and social media, the media plays a crucial role in shaping market narratives. The stories and information shared by the media can influence how investors and the general public view economic trends. Media outlets often highlight certain aspects of the market while downplaying others, leading to a skewed perception of reality. For example, during periods of economic growth, the media may focus on success stories and positive news, creating a sense of optimism among investors. Conversely, during times of economic downturn, the media may emphasize negative news, causing fear and uncertainty in the market. Furthe...
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