What makes decisions complex? ESA professional development seminar
Carsten Murawski will be presenting a professional development seminar for the Economic Society of Australia on 'What makes decisions complex? Implications for industry and public policy'
Current theories of decision-making do not distinguish between the complexity of the decision between a vanilla and a chocolate ice-cream, and the decision between tens or even hundreds of possible superannuation investment options. This is a critical oversight, given the potential costs of poor decisions (and gains of good ones). Linking economics and computer science, offers a framework to quantify complexity of decisions. There have been a number of laboratory experiments testing this framework, to demonstrate how complexity affects decision-making. This approach has important implications for industry and public policy.
The seminar takes place on Thursday, 27 June 2019 at 12.30 pm. More information and registration is available on the event webpage.