How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?
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We use an experiment to estimate the effect of the SEC's Summary Prospectus, which simplifies mutual fund disclosure. Our subjects chose an equity portfolio and a bond portfolio. Subjects received either statutory prospectuses or Summary Prospectuses. We find no evidence that the Summary Prospectus
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美国国家经济研究局创建时间：
2009-04-01
