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

liked it 3.0  ·  Rating Details ·  1 Rating  ·  0 Reviews
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 ...more
Hardcover, 240 pages
Published April 20th 2014 by Princeton University Press (first published January 1st 2014)
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Samuel Brown
Apr 17, 2014 Samuel Brown rated it liked it
The arguments of this book are important and correct, and I think that Schneider is an extremely smart commentator on issues around autonomy and health ethics and informed consent. The central argument of the book is that mandated disclosure--all these endless announcements and mini-contracts that we all routinely ignore until we actually have a problem, at which time we discover that the disclosers have elegantly scammed us. They don't close the book on much of an optimistic note, mainly with ...more
Kayla
Sep 18, 2014 Kayla rated it it was amazing
Highly recommended to anyone interested in consumer regulation and law. The book is short, witty, and very easy to read compared to most legal writing.

My favorite example comes from a study of men choosing whether to undergo prostate cancer screening:

"Patient: The numbers don't matter! Either way, I got a fifty-fifty chance.
Doctor: Hmm. Remember those numbers here aren't exactly fifty-fifty.
Patient: Yeah, I hear you. But I figure it's a gamble, an even chance either way, you know, fifty-fifty."
...more
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Omri Ben-Shahar is the Leo and Eileen Herzel Professor of Law and Kearney Director of the Coase-Sandor Institute for Law and Economics at The University of Chicago Law School.

Omri Ben-Shahar earned his PhD in economics and SJD from Harvard and his BA and LLB from the Hebrew University. Before coming to Chicago, he was the Kirkland & Ellis Professor of Law and Economics at the University of Mic
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