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Behavioural Economics Provides New Insights for Policy Reform

A new field of research called ‘behavioural economics’ has emerged, which studies the way in which people deviate from rationality and simple self-interest. This paper investigates the implications of behavioural economics for public policy in New Zealand.

This research paper was prepared by Timothy Irwin, with assistance from Richard Tooth, Sally Wyatt, Glenn Boyle, Simon Kemp and Graham Scott. It was funded by a grant from the New Zealand Law Foundation.

Authors

Dr Richard Tooth

Richard’s expertise is in economic policy, regulation and applied econometrics.

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Sally Wyatt

Sally advises on evaluation, regulatory design, and economic impact analysis.

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