Loewenstein, George; Cain, Daylian M.; Sah, Sunita - In: American Economic Review 101 (2011) 3, pp. 423-28
We review evidence from our published and ongoing research that disclosing conflicts of interest has unintended consequences, helping conflicted advisors and harming their advisees: With disclosure, advisors feel comfortable giving more biased advice, but advisees do not properly adjust for this...