“Financial Less Is More:” An Experimental Study of Financial Communication

48 Pages Posted: 24 Apr 2018 Last revised: 9 Dec 2020

See all articles by Abigail Hurwitz

Abigail Hurwitz

Hebrew University, Jerusalem Israel

Eyal Lahav

The Open University of Israel

Yevgeny Mugerman

Bar Ilan University

Date Written: December 7, 2020

Abstract

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.

Keywords: Financial reporting, paper vs. digital, financial communication, simplification

Suggested Citation

Hurwitz, Abigail and Lahav, Eyal and Mugerman, Yevgeny, “Financial Less Is More:” An Experimental Study of Financial Communication (December 7, 2020). Available at SSRN: https://ssrn.com/abstract=3157919 or http://dx.doi.org/10.2139/ssrn.3157919

Abigail Hurwitz

Hebrew University, Jerusalem Israel ( email )

Mount Scopus
Jerusalem, 91905
Israel

Eyal Lahav

The Open University of Israel ( email )

1 University Road
43107
Raanana
Israel

Yevgeny Mugerman (Contact Author)

Bar Ilan University ( email )

Ramat Gan
5290002
Israel

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