Jump to ContentJump to Main Navigation
More Than You Wanted to KnowThe Failure of Mandated Disclosure$
Users without a subscription are not able to see the full content.

Omri Ben-Shahar and Carl E. Schneider

Print publication date: 2014

Print ISBN-13: 9780691161709

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691161709.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 30 July 2021

Reading Disclosures

Reading Disclosures

Chapter:
Chapter 5 (p.79) Reading Disclosures
Source:
More Than You Wanted to Know
Author(s):

Omri Ben-Shahar

Carl E. Schneider

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691161709.003.0005

This chapter explains how literacy problems complicate the process involved in making informed decisions. Many people are unable to read many disclosures because they are not literate or numerate enough to decipher them with reasonable effort. This is both because levels of literacy and numeracy are surprisingly low and because the reading levels of disclosures are surprisingly high. The chapter argues that sector literacy—understanding a decision's context and an industry's practices as only proficients do—poses a major problem in terms of trying to understand mandated disclosures. It emphasizes the need for sector literacy and reviews evidence from the areas of health literacy and financial literacy. It concludes by asking whether the illiteracy, innumeracy, and sector illiteracy problem can be solved.

Keywords:   informed decisions, numeracy, reading levels, sector literacy, mandated disclosure, health literacy, financial literacy, illiteracy, innumeracy

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.