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...

Professionals are often influenced by conflicts of interest when they have a personal, often material, interest in giving biased advice. Although disclosure (informing advisees about the conflict of interest) is often proposed as a solution to problems caused by such conflicts, prior research...

Professionals face conflicts-of-interest when they have a personal interest in giving biased advice. Mandatory disclosure — informing consumers of the conflict — is a widely adopted strategy in numerous professions, such as medicine, finance, and accounting. Prior research has, however,...