From an NPR interview In Politics, Sometimes The Facts Don't Matter : NPR
CONAN: Well, Brendan Nyhan is a health policy researcher at the University of Michigan. He recently published "When Corrections Fail: The Persistence of Political Misperceptions." That was in the June issue of the Journal of Political Behavior, and he joins us now from the studios of WUOM, Michigan Radio, our member station in Ann Arbor. Nice to have you with us today.
The article is about political debate and opinions, but is just as applicable to investing. So much is written and published on the web, people search for the opinions that reinforce their thoughts (and fears), leading them to act on emotions.Mr. BRENDAN NYHAN (Robert Wood Johnson Scholar in Health Policy Research, University of Michigan): Thanks for having me.
CONAN: And when facts are readily available, why are they not enough to change people's minds?
Mr. NYHAN: Well, the problem is, you know, as human beings, we want to believe, you know, the things that we already believe. And so when you hear some information that contradicts your pre-existing views, unfortunately, what we tend to do is think of why we believed those things in the first place.
And, you know, so when, you know, we get these corrections, we tend to say I'm right, and I'm going to stick with my view. And the thing that my research, which is with Jason Reifler at Georgia State University, found is that in some cases, that corrective information can actually make the problem worse.
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CONAN: This is a phenomenon described as backfire. You say it's a natural defense mechanism to avoid cognitive dissonance.
Mr. NYHAN: That's right. You know, it's hard, it's threatening to us to admit that things we believe are wrong. And all of us, liberals and conservatives, you know, have some beliefs that aren't true, and when we find that out, you know, it's threatening to our beliefs and ourselves.
And so what we think happens is that the way people, you know, try to resolve this in some cases is to, you know, buttress that belief that they initially held, and, you know, there's a long line of research showing results like this.
CONAN: And again, we'd like to think of our brain as something that's been trained in, you know, Cartesian logic, when in fact, our brain is sort of hard-wired to leap to conclusions very quickly.
Mr. NYHAN: That's right. And what's interesting is in some of these cases, it's the people who are most sophisticated who are best able to defend their beliefs and keep coming up with more elaborate reasons why 9/11 was really a conspiracy or how the weapons of mass destruction were actually smuggled to Syria or whatever the case may be.
So this isn't a question of education, necessarily, or sophistication. It's really about, it's really about preserving that belief that we initially held.
CONAN: And you define sophistication, as I read your piece, you define it as somebody who is right a lot of the time, but the 10 percent of the time they're wrong, boy, they stick to being wrong
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Brendan Nyhan, why is it that highly partisan issues seem to be most subject to this backfire phenomenon?
Mr. NYHAN: Well, I think they're the cases where people care most about the actual outcome of the debate. So, you know, if you're going to buy a refrigerator at the store, you really don't care except to buy a good refrigerator.
But in the case of something like your political views, you don't just care about accuracy, you care about you essentially have a team in a lot of cases, right. You're either a Republican or a Democrat, a liberal or a conservative.
And so you're filtering all the information you receive, you know, through that prism, and so what you end up getting is this real divergence on all sorts of issues, not just on, you know, what policies we should adopt as a country but on actually the underlying facts. And that makes it really hard to have a debate.