TY - JOUR
T1 - “Financial less is more”
T2 - An experimental study of financial communication
AU - Hurwitz, Abigail
AU - Lahav, Eyal
AU - Mugerman, Yevgeny
N1 - Publisher Copyright:
© 2021 Elsevier Inc.
PY - 2021/10
Y1 - 2021/10
N2 - Past research has demonstrated that many individuals are not well equipped to make financial decisions and hence depend greatly on the flow and quality of financial information. Various governments are implementing reforms aimed at improving the quality of pension financial communication. Certain countries are requiring a move to short-form pension reporting, and some are requiring digital reporting instead of (or in some cases, in addition to) paper reporting. In a series of experiments, we show that the ability to locate information in financial reports is sensitive to the length of the report and to the communication form.
AB - Past research has demonstrated that many individuals are not well equipped to make financial decisions and hence depend greatly on the flow and quality of financial information. Various governments are implementing reforms aimed at improving the quality of pension financial communication. Certain countries are requiring a move to short-form pension reporting, and some are requiring digital reporting instead of (or in some cases, in addition to) paper reporting. In a series of experiments, we show that the ability to locate information in financial reports is sensitive to the length of the report and to the communication form.
KW - Financial communication
KW - Financial reporting, paper vs. digital
KW - Simplification
UR - http://www.scopus.com/inward/record.url?scp=85122755789&partnerID=8YFLogxK
U2 - 10.1016/j.socec.2021.101756
DO - 10.1016/j.socec.2021.101756
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AN - SCOPUS:85122755789
SN - 2214-8043
VL - 94
JO - Journal of Behavioral and Experimental Economics
JF - Journal of Behavioral and Experimental Economics
M1 - 101756
ER -