A study of consumers' competence when choosing between complex mobile phone contracts and the regulatory implications of their coping strategies. The main outcome of this project will be a better understanding of which kinds of mobile phone contracts and methods of displaying them to potential users are the biggest sources of decision making errors, and which techniques for coping with a plethora of such contracts are the most reliable ones. This knowledge will be used to derive recommendations ....A study of consumers' competence when choosing between complex mobile phone contracts and the regulatory implications of their coping strategies. The main outcome of this project will be a better understanding of which kinds of mobile phone contracts and methods of displaying them to potential users are the biggest sources of decision making errors, and which techniques for coping with a plethora of such contracts are the most reliable ones. This knowledge will be used to derive recommendations for consumer policy agencies and advice for consumers that will increase financial welfare and reduce mental stress for consumers. Some of the findings may have implications for regulators seeking to design consumer protection policies in other area where firms deliberately offer customers opaque contracts.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160100213
Funder
Australian Research Council
Funding Amount
$335,000.00
Summary
Optimising the National Benefits From Restoring Environmental Water Flows. The project plans to evaluate strategies that may maximise the national benefits from restoring environmental flows in Australia’s Murray–Darling Basin (MDB). MDB water supply is characterised by prolonged droughts and flood events, and future climatic projections anticipate that these water supply events will intensify. As the uncertainty of future water supply increases, it is important that the volume of water provided ....Optimising the National Benefits From Restoring Environmental Water Flows. The project plans to evaluate strategies that may maximise the national benefits from restoring environmental flows in Australia’s Murray–Darling Basin (MDB). MDB water supply is characterised by prolonged droughts and flood events, and future climatic projections anticipate that these water supply events will intensify. As the uncertainty of future water supply increases, it is important that the volume of water provided by the portfolio of water rights is known. By examining how decision-makers adapt to water supply uncertainty, optimal management strategies could be determined for watering key ecological assets, trading water between irrigators and the government; and private and public investments.Read moreRead less
Income insecurity in Australia: who is feeling the pinch and why? This project aims to measure and investigate the drivers of income insecurity in Australia. It will provide an evaluation of whether income growth is sufficient to compensate for any welfare loss due to higher income risk and the effectiveness of government taxes and transfers in alleviating income risks for different population sub-groups.
The role of moral sentiments and emotions in human nature: an interdisciplinary empirical approach. This project investigates the effects of moral sentiments and emotions on decision processes. It will identify states of physiological arousal, determine whether a significant genetic effect is present, assess the relevance of individuals' environment and inherited values, and provide a better biological micro-foundation for human behaviour.
Discovery Early Career Researcher Award - Grant ID: DE120101270
Funder
Australian Research Council
Funding Amount
$375,000.00
Summary
The behavioural birthdate effect: the impact of relative position within cohorts on risk aversion, self-confidence and aspiration levels. The 'birthdate effect' describes the phenomenon where children born just after the school entry cut off date are more successful in life than those born just before. This project will study why these children make very different life choices, those born just after the cut-off date are expected to take greater risks and have higher self esteem.
Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and e ....Banks, endogenous network formations and financial crisis. This project aims to understand how endogenous network formations affect financial crisis and how such situations can be made into a coherent microeconomic model of financial network formations using modern tools in economics. The project intends to study the properties of financial systems in the presence of possible financial crisis, conduct applied economic policy analysis and provide policy implications for lifting productivity and economic growth. The projects expected outcomes would contribute to the theoretical understanding of financial crisis and consequences in financial markets as well as the economy and public policy. In the longer term, the project should benefit the health of the financial system.Read moreRead less
Status seeking and economic behaviour. The project will look at the importance of status seeking behaviour for the health system, behavioural experiments, international growth, and labelling. The insights will be useful for optimal redistribution policies, international cooperation, and behavioural research.
Scientist career path: An explorative analysis. This project aims to uncover important insights into scientists, their interactions, and their career dynamics, seeking to understand scientific success and scientific innovations by understanding scientists themselves. The project will generate the largest data set on scientists ever collected and analysed, resulting in new knowledge into the mechanisms underlying scientific progress and innovation; scientists’ resilience and adaptation to positiv ....Scientist career path: An explorative analysis. This project aims to uncover important insights into scientists, their interactions, and their career dynamics, seeking to understand scientific success and scientific innovations by understanding scientists themselves. The project will generate the largest data set on scientists ever collected and analysed, resulting in new knowledge into the mechanisms underlying scientific progress and innovation; scientists’ resilience and adaptation to positive and negative life shocks or environmental changes; their pattern of collaboration and cooperation; and their creative development. The project will provide significant benefits to universities and policy makers in fulfilling their role of creating and disseminating new knowledge.Read moreRead less
Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrast ....Using behavioural economic insights to overcome student procrastination. This project aims to study the relations between present-biased time preference, procrastination, and achievement at school, using economic experiments. Investment in human capital generates economic benefits for students, families, employers, and society, but its benefits are realised far into the future. Because of these immediate costs and delayed benefits, behavioural economic theory predicts that students will procrastinate. This project will identify the characteristics of students at greatest risk of procrastination, evaluate practical strategies to overcome it, and examine whether it is associated with poorer outcomes. This should help schools and policy makers reduce educational inequalities, and yield long-term benefits over students’ lives.Read moreRead less
Voter behaviour and polarisation: The role of social preferences. This project aims to investigate how peer pressure and other social concerns affect voter participation, vote choice, and political polarisation. It will marry behavioural experimental economics with political economics and make use of complementary experimental methods that will allow for the study of carefully controlled elections, followed by a large-scale real-world test of the results. Expected outcomes include improved under ....Voter behaviour and polarisation: The role of social preferences. This project aims to investigate how peer pressure and other social concerns affect voter participation, vote choice, and political polarisation. It will marry behavioural experimental economics with political economics and make use of complementary experimental methods that will allow for the study of carefully controlled elections, followed by a large-scale real-world test of the results. Expected outcomes include improved understanding of how social media and other social factors, and political institutions such as compulsory voting, distort election representation and outcomes. Major benefits include the ability to advise policies to reduce polarisation and improve political institutions to ensure they reflect true societal preferences.Read moreRead less