Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP140103966
Funding Status
Closed
Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the Feedback Form.
Funded Activity Summary
Improving Choice Models: Multiple Goal Pursuit and Multi-Stage Decision Processes. This project aims to develop new econometric models of choice behaviour that recognise individuals adopt “how to decide” strategies when choosing between alternatives. Existing models simplistically assume that people evaluate all goods and choose the best of them, when in fact they ignore some goods, select what information is relevant, pursue multiple goals, and otherwise deviate from the assumptions commonly made in econometric models. Filling in this significant gap in the choice modelling literature constitutes a significant contribution to improving our understanding of human decision making and policy analysis in every area of human endeavour.Funded Activity Details
Start Date: 06-2014
End Date: 12-2017
Funding Scheme: Discovery Projects
Funding Amount: $680,000.00
Funder: Australian Research Council
Research Topics
ANZSRC Field of Research (FoR)
Applied Economics not elsewhere classified | Applied Economics
