The Failure of Mandated Disclosure
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. In his co-authored book More Than You Wanted to Know, Omri Ben-Shahar 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? Professor Ben-Shahar's lecture will discuss the form of regulation we encounter daily and asks why we must encounter it at all.
Kindly RSVP here by September 8th.
The Law School would like to thank Bert Krueger '74 and Mayer Brown LLP for supporting this event.