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More Than You Wanted to Know
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More Than You Wanted to Know: The Failure of Mandated Disclosure

Omri Ben-Shahar and Carl E. Schneider

Abstract

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 mortgages. Reading the terms, the form, and the papers is supposed to equip you to choose your purchase, your treatment, and your loan well. This book 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? This boo ... More

Keywords: regulation, mandated disclosure, iTunes, information, mortgages, lawmakers

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780691161709
Published to Princeton Scholarship Online: October 2017 DOI:10.23943/princeton/9780691161709.001.0001

Authors

Affiliations are at time of print publication.

Omri Ben-Shahar, author
University of Chicago

Carl E. Schneider, author
University of Michigan, Ann Arbor