top of page
Duke Law and Economics Society.
​Fifth Annual Triangle Law and Economics Conference​.
John Payne.
Professor, Fuqua School of Business.
Studies have shown that disclosure and education almost never work to improve a financial consumer's decision-making. People are generally lazy, so smart defaults must be used to guide their use of disclosed information. For example, let's require consumers to consult two different brokers before obtaining a mortgage.
2. Has education or disclosure had positive effects on financial consumer decision-making?
1. What are the different areas of finance to which behavioral economics may be applied?
3. What would be an example of a regulation that may take into account behavioral data?
4. Has there a been an upward trend of "safe havens" in financial regulations?
bottom of page