Discovery Projects - Grant ID: DP1095681

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP1095681

Funding Status
Closed

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Funded Activity Summary

Investigating imprecision in preferences and its possible consequences for economics and economic choices. When people's preferences are not clear, their choices become variable and susceptible to theoretically irrelevant influences. Examples can be found in surveys of preferences intended to inform public policy in areas such as health, safety and the environment. Understanding the nature of imprecision in people's values and choices is also likely to be crucial for consumers' ability to advance their interests in our complex, choice-filled society. We plan to draw out some of the implications of our experimental work on preference imprecision for consumer behaviour and existing business practices, including the regulation of fair trading.

Funded Activity Details

Start Date: 07-2010

End Date: 07-2016

Funding Scheme: Discovery Projects

Funding Amount: $92,317.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Economic Theory | Economic Theory Not Elsewhere Classified

ANZSRC Socio-Economic Objective (SEO)

Microeconomic issues not elsewhere classified |

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