How Does Simplified Disclosure Affect Individuals' Mutual Fund Choices?

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Teaching the Tax Code: Earnings Responses to an Experiment with EITC Recipients (2009, unknown): “Hence, we believe that adjustment frictions are unlikely to fully explain the lack of response to our information 3 with recent evidence that information treatments have modest effects in other settings, such as college enrollment (Bettinger et al. 2009) or retirement savings (Beshears et al. 2011).”
The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market (2012, methodology): “Interestingly, Beshears et al. (2009) find that whether subjects are presented with the Statutory Prospectus or the Summary Prospectus has no economically or statistically significant effect on fund choices.”