Funding our future: perceptions of the value of financial planning advice. This project will examine how perceptions of the value of financial planning advice are formed over time. If this is understood then both government and the industry can develop better strategies to encourage those who can benefit from financial advice to recognise and gain value from the service.
Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for ....Risk Measures and Management in Finance and Actuarial Science Under Regime-Switching Models. New models for assessing and managing risk of financial products will place Australia at the forefront of risk management. The work will also sustain the competitive edge of Australia as one of the major financial centres in the Asia-Pacific region through enhancing both the theory and practice of financial risk management. The project outcome will also benefit to the country in other areas of risk, for example, environment risk, climate change, and energy and security problems.Read moreRead less
Dynamic risk measures. Exposure to risk is a pervasive problem. The results will be of importance for financial institutions when they estimate their exposure to risk. Other applications will be to determine the level of risk from a terrorist attack or regional instability. Companies wish to allocate resources to minimize their exposure to adverse events.
New methods for modelling and forecasting risk. The project will develop and assess risk measures and risk forecasting. It will assess why customary measures failed in the financial crisis and develop new and better techniques. The project is unique in terms of the scope and range of methods to be applied and tested. It will be of value to investors, institutions and regulators alike.
Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and ....Two-price quantitative finance. This project aims to establish a novel field, namely two-price quantitative finance, and explore its applications. The new field will integrate two major schools for modelling and explain the presence of two prices, the buying and selling prices, widely observed in the real-world markets, and the equilibrium approach from the fundamental law of one price. The outcomes would deepen our understanding of the fundamental relationship among liquidity, prices, risk and the economy. This project expects to bring about long-term impact on quantitative finance and related applications through providing a deep understanding of, and a new perspective for, the design, risk and fairness of the finance, property and insurance markets.Read moreRead less
G-expectation and its applications to nonlinear risk management. This project will develop novel theories and methods for nonlinear risk management based on nonlinear expectations and Backward Stochastic Differential Equations. The expected outcomes of the project will place Australia in the forefront and the leading position of these fields.
Improving the Outcomes of Anger Management Programs for Violent Offenders: The Role of Perspective-Taking Deficits in Violent Crime. Criminal justice systems have increasingly identified violent offenders as a key target group for rehabilitation programs. Anger management or violence programs have been widely implemented in Australia. However, recent research evaluating program outcomes suggests that the overall impact of these programs is low. The aim of the proposed project is to develop new a ....Improving the Outcomes of Anger Management Programs for Violent Offenders: The Role of Perspective-Taking Deficits in Violent Crime. Criminal justice systems have increasingly identified violent offenders as a key target group for rehabilitation programs. Anger management or violence programs have been widely implemented in Australia. However, recent research evaluating program outcomes suggests that the overall impact of these programs is low. The aim of the proposed project is to develop new and more effective interventions for violent offenders by examining the role of perspective taking deficits in angry and violent behaviour. The research will therefore contribute directly to the reduction of violent crime and improved community safety in Australia.Read moreRead less
Understanding and working with anger in male Indigenous people in prison settings. Anger has links to many important outcomes in the prison environment, including violent behaviour, institutional conflict and self-harm. The nature and consequences of anger have rarely been investigated for imprisoned offenders and little is known about anger in male Indigenous Australians in prison, despite evidence that anger levels in this group are particularly high. This research will explore constitutive, ....Understanding and working with anger in male Indigenous people in prison settings. Anger has links to many important outcomes in the prison environment, including violent behaviour, institutional conflict and self-harm. The nature and consequences of anger have rarely been investigated for imprisoned offenders and little is known about anger in male Indigenous Australians in prison, despite evidence that anger levels in this group are particularly high. This research will explore constitutive, regulatory, procedural and other aspects of anger with male Indigenous prisoners, using both qualitative and quantitative methodologies, leading to the development of an intervention that will improve both the wellbeing and adjustment of Indigenous men in prison and rehabilitation outcomes.Read moreRead less
Assessing Readiness for Treatment in Violent Offenders. In recent years criminal justice systems have increasingly identified violent offenders as a key target group for rehabilitation programs and anger management programs have now been widely implemented in most jurisdictions. However, recent research evaluating the outcomes of these anger management programs suggests that only some participants are likely to benefit. The aim of this research is to develop a method of identifying the individua ....Assessing Readiness for Treatment in Violent Offenders. In recent years criminal justice systems have increasingly identified violent offenders as a key target group for rehabilitation programs and anger management programs have now been widely implemented in most jurisdictions. However, recent research evaluating the outcomes of these anger management programs suggests that only some participants are likely to benefit. The aim of this research is to develop a method of identifying the individual characteristics of those who are likely to benefit, so that resources and interventions can be targeted. The research will help to improve the effectiveness of program delivery thereby contributing to the reduction of violent crime.Read moreRead less
Generativity in young male (ex)prisoners: caring for self, other, and future within prison and beyond. As strategic basic research, the project will provide practitioners and academics with much needed qualitative data on the social, cultural and emotional dimensions of incarceration and how these impact life within and beyond custody. Such knowledge is critical for developing policies and practices capable of meaningfully reducing the high rates of reincarceration in all Australian states and t ....Generativity in young male (ex)prisoners: caring for self, other, and future within prison and beyond. As strategic basic research, the project will provide practitioners and academics with much needed qualitative data on the social, cultural and emotional dimensions of incarceration and how these impact life within and beyond custody. Such knowledge is critical for developing policies and practices capable of meaningfully reducing the high rates of reincarceration in all Australian states and territories. Importantly, the focus on generativity offers a new conceptual lens through which to reconsider the philosophy and practice of imprisonment, and, more specifically, to prisoner management or 'through-care' with regard to those who constitute the majority of the prison population nationally and internationally (young males).
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