23 Nov 09 Commissioned paper - Behavioural economics and complex decision making
On 20 November 2009, Australia’s Future Tax System Review Panel (the Henry Review) published a commissioned paper entitled "Behavioural economics and complex decision making: implications for the Australian tax and transfer system" by Andrew Reeson and Simon Dunstall of the CSIRO. The paper is dated 7 August 2009.
The paper summarises the relevant literature (from behavioural economics and psychology) on how individuals make simple and complex decisions; considers how these findings can provide a basis for designing policies adapted to these human behaviours; and concludes by considering some implications of these findings for the tax and transfer system (such as the decision making consequences of removing the burden of complexity from individuals).
For a copy of the paper, go here