More Than You Wanted to Know (eBook)

The Failure of Mandated Disclosure

Omri Ben-Shahar, Carl E. Schneider (Autoren)

eBook Download: PDF | EPUB

2014
240 Seiten
Princeton University Press (Verlag)
978-1-4008-5038-9 (ISBN)

Infos

Omri Ben-Shahar is the Leo and Eileen Herzel Professor of Law at the University of Chicago. His books include Boilerplate: The Foundation of Market Contracts. Carl E. Schneider is the Chauncey Stillman Professor of Law and professor of medicine at the University of Michigan. His books include The Practice of Autonomy: Patients, Doctors, and Medical Decisions.

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How mandated disclosure took over the regulatory landscape-and why it failedPerhaps 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.

Produkt-Details

• Erscheint lt. Verlag: 20.4.2014
• Zusatzinfo: 4 color illus.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Allgemeines / Lexika
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Staat / Verwaltung
• Schlagworte: accumulation problem • Adjustable-rate mortgage • advance healthcare directive • Advertising • Agents • aggregators • Amount Financed • Annual report • arbitration • attempt • Autonomy • Behavioral Economics • biopsy • caveat emptor • Chapter 9 • Class action • Clery Act • clinical trial • Complexity • Conflict of Interest • Consultants • consumer • Consumer Financial Protection Bureau • Consumer Law • Consumer Protection • Consumers • Contract • Contracts • credit card • Credit (finance) • Creditor • Customer • debt • Debtor • decision aids • decision aversion • Decisions • Defaults • Deliberation • disaster • Disclaimer • disclosers • disclosurism • disclosurite psychology • disclosurites • Discretion • distrust • doctors • Dodd–Frank Wall Street Reform and Consumer Protection Act • ebay • Empirical Studies • Employment • End-user license agreement • Escrow • Expense • Explanation • false assumptions • Finance charge • Financial disclosure • financial literacy • Fine Print • Fraud • Free Market • Full disclosure (computer security) • Health Insurance Portability and Accountability Act • Health law • Health Literacy • Hygiene • Ideology • Illiteracy • Illustration • income • Inequality • inference • Information • Information Disclosure • Informed Consent • informed decisions • innumeracy • Innumeracy (book) • insurance • insurance policy • Interest Rate • intermediaries • Intermediary • Investor • issuer • iTunes • Junk Fees • Jurisdiction • Laboratory Experiments • lawmakers • Lawmaking • lenders • licensee • Literacy • mandated disclosure • Market Failure • Markets • Mast Cell • medical treatment • Miranda • Miranda warning • mortgage loan • Mortgages • Negative amortization • Non-Disclosure Agreement • numeracy • Nutrition • Opt Out • Opt-Out • Overdraft • overload • overload problem • Paperwork Reduction Act • paternalism • Patient Protection and Affordable Care Act • Payment • Pension • Physician • Police • Politics • predatory lending • privacy • Privacy Policy • Prostate Cancer • Provision (accounting) • Publicity • quantity question • Rationality • Readers • reading levels • real estate economics • Reasonable Person • Reasoning • Recommendation (European Union) • Regulation • Regulators • regulatory method • Requirement • Respondent • Restaurant • royalty-free • Rules • saving • sector literacy • Service Provider • simplification • Social Practice • Social Psychology • Statute • Subsidy • Tax • Tort • Trade-off • Uncertainty • unconscionability • Warranty • Writing • zagat
• ISBN-10: 1-4008-5038-X / 140085038X
• ISBN-13: 978-1-4008-5038-9 / 9781400850389