TY - BOOK AU - Ben-Shahar,Omri AU - Schneider,Carl E. TI - More Than You Wanted to Know: The Failure of Mandated Disclosure SN - 9780691161709 AV - KF1609 .B46 2017 U1 - 346.73021 23 PY - 2014///] CY - Princeton, NJ : PB - Princeton University Press, KW - Consumer protection KW - Law and legislation KW - United States KW - Decision making KW - Disclosure of information KW - Law KW - Administrative Law & Regulatory Practice KW - LAW / Consumer KW - bisacsh KW - Miranda KW - accumulation problem KW - agents KW - aggregators KW - autonomy KW - behavioral economics KW - complexity KW - conflict of interest KW - consultants KW - consumer law KW - consumers KW - contracts KW - decision aversion KW - decisions KW - defaults KW - disclosers KW - disclosurism KW - disclosurite psychology KW - disclosurites KW - discretion KW - doctors KW - empirical studies KW - false assumptions KW - financial disclosure KW - financial literacy KW - fine print KW - free market KW - health literacy KW - iTunes KW - illiteracy KW - inequality KW - information disclosure KW - information KW - informed consent KW - informed decisions KW - innumeracy KW - insurance KW - intermediaries KW - laboratory experiments KW - lawmakers KW - lawmaking KW - lenders KW - mandated disclosure KW - markets KW - medical treatment KW - mortgages KW - numeracy KW - opt out KW - overload problem KW - overload KW - police KW - politics KW - privacy KW - prostate cancer KW - quantity question KW - rationality KW - readers KW - reading levels KW - reasoning KW - regulation KW - regulators KW - regulatory method KW - rules KW - sector literacy KW - simplification KW - social practice KW - social psychology N1 - Frontmatter --; Contents --; Preface --; Part I. The Ubiquity of Mandated Disclosure --; 1. Introduction --; 2. Complex Decisions, Complex Disclosures --; 3. The Failure of Mandated Disclosure --; Part II. Why Disclosures Fail --; 4. "Whatever": The Psychology of Mandated Disclosure --; 5. Reading Disclosures --; 6. The Quantity Question --; 7. From Disclosure to Decision --; Part III. Can Mandated Disclosure Be Saved? --; 8. Make It Simple? --; 9. The Politics of Disclosure --; 10. Producing Disclosures --; 11. At Worst, Harmless? --; 12. Conclusion: Beyond Disclosurism --; Notes --; Index; restricted access; Issued also in print N2 - Perhaps no kind of regulation is more common or less useful than mandated disclosure-requiring one party to a transaction to give the other information. It is the iTunes terms you assent to, the doctor's consent form you sign, the pile of papers you get with your mortgage. Reading the terms, the form, and the papers is supposed to equip you to choose your purchase, your treatment, and your loan well. More Than You Wanted to Know surveys the evidence and finds that mandated disclosure rarely works. But how could it? Who reads these disclosures? Who understands them? Who uses them to make better choices?Omri Ben-Shahar and Carl Schneider put the regulatory problem in human terms. Most people find disclosures complex, obscure, and dull. Most people make choices by stripping information away, not layering it on. Most people find they can safely ignore most disclosures and that they lack the literacy to analyze them anyway. And so many disclosures are mandated that nobody could heed them all. Nor can all this be changed by simpler forms in plainer English, since complex things cannot be made simple by better writing. Furthermore, disclosure is a lawmakers' panacea, so they keep issuing new mandates and expanding old ones, often instead of taking on the hard work of writing regulations with bite.Timely and provocative, More Than You Wanted to Know takes on the form of regulation we encounter daily and asks why we must encounter it at all UR - https://doi.org/10.1515/9781400850389?locatt=mode:legacy UR - https://www.degruyter.com/isbn/9781400850389 UR - https://www.degruyter.com/cover/covers/9781400850389.jpg ER -