BE101x: Disclosure

What is disclosure?

dis•clo•sure: The act of disclosing; revelation

(Collins English Dictionary)

•Mandated disclosures

–Financial Services (as required by regulators of financial markets)

–Medications (as required by medical authorities, governments)

•Conflicts of Interest

–An advise-provider discloses a potential conflict of interet

•Open government initiatives

•Corporate disclosures

Some Human Truths

•Providing disclosure does not mean that the information is read

•Reading the disclosed information does not mean that it is understood and incorporated in decision-making

•Increasing the quantity and complexity of information increases likelihood that it will ignored

Smart Disclosure

•Thaler and Tucker (2013), Harvard Business Review

–Rather than focus on copious quantities of disclosure, focus efforts on making that information relevant and easy to process

•Make data accessible

•Provide engines that can curate and customize

–Search and organize

–Simplify

–Compute indices

Smart Disclosure

Disclosures of Conflicts of Interest

Sah, Loewenstein and Cain (2013), Journal Of Personality and Social Psychology

What is disclosure?

dis•clo•sure: The act of disclosing; revelation

(Collins English Dictionary)

•Mandated disclosures

–Financial Services (as required by regulators of financial markets)

–Medications (as required by medical authorities, governments)

•Conflicts of Interest

–An advise-provider discloses a potential conflict of interet

•Open government initiatives

•Corporate disclosures

Some Human Truths

•Providing disclosure does not mean that the information is read

•Reading the disclosed information does not mean that it is understood and incorporated in decision-making

•Increasing the quantity and complexity of information increases likelihood that it will ignored

Smart Disclosure

•Thaler and Tucker (2013), Harvard Business Review

–Rather than focus on copious quantities of disclosure, focus efforts on making that information relevant and easy to process

•Make data accessible

•Provide engines that can curate and customize

–Search and organize

–Simplify

–Compute indices

Smart Disclosure

Disclosures of Conflicts of Interest

Sah, Loewenstein and Cain (2013), Journal Of Personality and Social Psychology