Facing up to the facts: What causes economic perceptions?
Giving corrective economic information works, but it doesn't change views
The study supplied people with past economic data, then asked them what they think of the current state of the U.K. economy. The researchers found that while partisanship was a key part of how people viewed the economy in the U.K., most people’s economic perceptions were rooted in real economic indicators, like job growth and unemployment. And — most importantly — people who held inaccurate views of the economy generally changed them when presented with corrective information. The essential results are similar to those posited by other work — corrections work, but only to a certain extent.