I havent read this yet but its high on the reading list:
"Nudge: Improving Decisions About Health, Wealth, and Happiness" by Thaler and Sunstein
http://www.amazon.com/Nudge-Improving-Decisions-Health-Happiness/dp/product-description/0300122233
Their paper on Libertarian Paternalism has been extremely influential and, in particular, recent literature on pension policies all over the globe have incorporated many ideas about designing institutions that take in to account decision making biases.
http://aei-brookings.org/admin/authorpdfs/redirect-safely.php?fname=../pdffiles/phptj.pdf
Becker and Posner offer a critique below, with one of the more compelling arguments being that central decision makers themselves suffer from many biases which may transmit if they try to steer the populace down the right road.
http://www.becker-posner-blog.com/archives/2007/01/libertarian_pat_1.html
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