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How complex is your life? Computer scientists found a way to measure it

By Karlo Doroc, PhD Candidate in Decision Science, Centre for Brain, Mind and Markets, The University of Melbourne

Nobel laureate economist Richard Thaler famously quipped:

People aren’t dumb, the world is hard.

Indeed, we routinely encounter problems in our everyday lives that feel complex – from choosing the best electricity plan, to deciding how to effectively spend our money.

Australian pay hundreds of millions of dollars each year to comparison…

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