Jump to ContentJump to Main Navigation
Chasing the TapeInformation Law and Policy in Capital Markets$
Users without a subscription are not able to see the full content.

Onnig H. Dombalagian

Print publication date: 2015

Print ISBN-13: 9780262028622

Published to MIT Press Scholarship Online: September 2015

DOI: 10.7551/mitpress/9780262028622.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 July 2021

Anxiety

Anxiety

Chapter:
(p.179) 12 Anxiety
Source:
Chasing the Tape
Author(s):

Onnig H. Dombalagian

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262028622.003.0012

This chapter considers the challenges that information anxiety (or fear of information overload) poses to the regulation of capital markets. It first summarizes key phenomena that cause information anxiety, such as the ratcheting of disclosure, complexity in financial innovation, and the disintermediation and fragmentation of information chains. It then reviews the behavioral finance literature regarding how information anxiety may lead to suboptimal decision-making by professional and non-professional users, originators, intermediaries and monitors. It then critiques policy proposals for combatting information anxiety, such as paternalistic limitations on product offerings and heightened professional duties of care through business conduct regulation. The chapter ends with an assessment of how policy makers might alleviate information anxiety through policies that liberalize the analysis of information flows.

Keywords:   Anxiety, Overload, Disintermediation, Fragmentation, Financial innovation, Behavioral finance, Business conduct regulation

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.