Avoid News, Part 2: What the Stock Market Taught Me about News

I still needed more, and I mostly didn't manage to find anything that was faster or more informative than the news media storyteller industry. It's unclear how the storyteller industry could avoid causing readers to pay undue attention to the nuclear mistakes. Storytellers could reduce the biases from that distorted salience, by sounding more worried in proportion to harm implied by their stories. Alas, few readers are willing to give the storytellers incentives to prioritize that kind of balance. Storytellers, who tend not to do expected value calculations, seemed to often overstate the probability of a distant pandemic reaching the US. Yet they rarely imply that the expected harm implies anything more than "You need to stay tuned to our channel". Some storytellers even spread the false claim that We've never made a successful vaccine for a coronavirus before. Less competition meant that storytellers had more freedom to write stories that enhanced the storytellers' reputations with their friends and families.