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Retractions: Updating from Complex Information

Gonçalves, Duarte; Libgober, Jonathan; Willis, Jack; (2025) Retractions: Updating from Complex Information. Review of Economic Studies , Article rdaf032. 10.1093/restud/rdaf032. (In press). Green open access

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Abstract

We modify a canonical experimental design to identify the effectiveness of retractions. Comparing beliefs after retractions to beliefs (1) without the retracted information and (2) after equivalent new information, we find that retractions result in diminished belief updating in both cases. We propose this reflects updating from retractions being more complex, and our analysis supports this: we find longer response times, lower accuracy, and higher variability. The results—robust across diverse participant groups and design variations—enhance our understanding of belief updating and offer insights into addressing misinformation.

Type: Article
Title: Retractions: Updating from Complex Information
Open access status: An open access version is available from UCL Discovery
DOI: 10.1093/restud/rdaf032
Publisher version: https://doi.org/10.1093/restud/rdaf032
Language: English
Additional information: © The Author(s) 2025. Published by Oxford University Presson behalf of The Review of Economic Studies Limited. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial License (https://creativecommons.org/licenses/by-nc/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited. For commercial re-use, please contact reprints@oup.com for reprints and translation rights for reprints. All other permissions can be obtained through our RightsLink service via the Permissions link on the article page on our site—for further information please contact journals.permissions@oup.com.
Keywords: Belief updating, Retractions, Information, Complexity
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10205481
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