Floor trading versus computer trading - Does it matter? Computer systems for securities trading date from the 1980s. These systems are large, costly and extremely complex. Outcomes from their introduction were unforeseen and the relevant research literature is sparse. This project will investigate experimentally with a simulated trading system the effects on trading behaviour of important system parameters. Intelligent support systems for traders will also be developed and tested. The project ....Floor trading versus computer trading - Does it matter? Computer systems for securities trading date from the 1980s. These systems are large, costly and extremely complex. Outcomes from their introduction were unforeseen and the relevant research literature is sparse. This project will investigate experimentally with a simulated trading system the effects on trading behaviour of important system parameters. Intelligent support systems for traders will also be developed and tested. The project team combines needed expertise from the areas of human decision making, finance, and advanced information technologies. Results will be important for theory of market microstructure and interactive intelligent systems and also for an important industry in Australia.Read moreRead less
Digital Interferometry: A platform technology for robust optical measurements. Digital interferometry is a new concept which will allow the measurement precision of interferometry to be applied in otherwise inaccessible or unsuitable environments. It will enhance the performance of major scientific instruments, such as gravitational wave detectors and optical telescopes, whilst reducing the cost, giving Australia a high profile in the quest to understand the universe. When applied to everyday ....Digital Interferometry: A platform technology for robust optical measurements. Digital interferometry is a new concept which will allow the measurement precision of interferometry to be applied in otherwise inaccessible or unsuitable environments. It will enhance the performance of major scientific instruments, such as gravitational wave detectors and optical telescopes, whilst reducing the cost, giving Australia a high profile in the quest to understand the universe. When applied to everyday situations, such as surveillance, traffic flow or vibration monitoring, it can give Australian industry a economic and social advantage, increasing the wealth and security of the nation. Read moreRead less
Ethics and risk. This project aims to develop a theory of risk. From the extreme to the everyday, from warfare to the drive to work, the modern world is unimaginable without mutual imposition of risk. Philosophers must explain how risks can be justified, or risk irrelevance. This project will use the tools of ethics (the study of right and wrong action) and decision theory (the study of rational decision-making under uncertainty) to develop a comprehensive theory of the ethics of risk. This proj ....Ethics and risk. This project aims to develop a theory of risk. From the extreme to the everyday, from warfare to the drive to work, the modern world is unimaginable without mutual imposition of risk. Philosophers must explain how risks can be justified, or risk irrelevance. This project will use the tools of ethics (the study of right and wrong action) and decision theory (the study of rational decision-making under uncertainty) to develop a comprehensive theory of the ethics of risk. This project is expected to improve understanding of the risks people impose on others as individuals and as a society.Read moreRead less
Decision theory in crisis. Decision theory's goals are to characterise and to guide rational decision-making—from the minor decisions of daily life, to the major decisions of industry and government— which, in its current state, it is unfit to do. This project will refine decision theory so that it may better achieve these goals.
Exposure dating with manganese-53, neon-21 and beryllium-10: a new toolkit for studying long-term landscape evolution. Australia today is the driest inhabited continent but this was not always the case. Tens of millions of years ago the climate of Australia was considerably wetter. Then, several million years ago, aridity in Australia developed producing most of the desert features of the red Centre that we see today. The age of our deserts and other arid features are not, however, well known. T ....Exposure dating with manganese-53, neon-21 and beryllium-10: a new toolkit for studying long-term landscape evolution. Australia today is the driest inhabited continent but this was not always the case. Tens of millions of years ago the climate of Australia was considerably wetter. Then, several million years ago, aridity in Australia developed producing most of the desert features of the red Centre that we see today. The age of our deserts and other arid features are not, however, well known. This project will determine the age of desertification in Australia, thereby enhancing our understanding of such processes and the response of our landscape to changing climate.
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Global Gravitational Wave Astronomy. To listen to the universe with gravitational waves needs a global array of gravitational wave observatories, and one of these must be in the southern hemisphere - in Australia. By definitively answering outstanding questions about an Australian gravitational wave observatory - Where should it be? How sensitive? What astronomy will it aid? - we make the case for the international community to help build this observatory, investing hundreds of millions of dolla ....Global Gravitational Wave Astronomy. To listen to the universe with gravitational waves needs a global array of gravitational wave observatories, and one of these must be in the southern hemisphere - in Australia. By definitively answering outstanding questions about an Australian gravitational wave observatory - Where should it be? How sensitive? What astronomy will it aid? - we make the case for the international community to help build this observatory, investing hundreds of millions of dollars in rural Australia and keeping Australia on the cutting edge of all branches of astronomy. As a flagship client of advanced data GRID technologies, we will also shape the growth of Australian knowledge of, and infrastructure for, next-generation communications technologies.Read moreRead less
Improving novice drivers' speed and hazard management. The aim of the study is to extend the evidence-based approach we have developed for speed management (cognitive integration speed management training) to hazard management, thereby developing cognitive integration hazard management training for young drivers. Hence, this study is specifically designed to curb the alarming trend in young driver fatalities on Australian roads. The results of the research will provide clear direction to road au ....Improving novice drivers' speed and hazard management. The aim of the study is to extend the evidence-based approach we have developed for speed management (cognitive integration speed management training) to hazard management, thereby developing cognitive integration hazard management training for young drivers. Hence, this study is specifically designed to curb the alarming trend in young driver fatalities on Australian roads. The results of the research will provide clear direction to road authorities and driver training providers as to effective training strategies to improve young driver training, and ultimately improve road safety with this vulnerable population.Read moreRead less
Modelling human decision making in complex environments. The project aims to extend quantitative psychological models of simple choice tasks to decision-making with complex stimuli in complex environments. The new formal models are designed to provide a comprehensive account of behaviour, including the choices that are made, how long it takes to make them, and how choices and choice times vary within and between decision-makers. The models would explain how people adapt to changes in task demand ....Modelling human decision making in complex environments. The project aims to extend quantitative psychological models of simple choice tasks to decision-making with complex stimuli in complex environments. The new formal models are designed to provide a comprehensive account of behaviour, including the choices that are made, how long it takes to make them, and how choices and choice times vary within and between decision-makers. The models would explain how people adapt to changes in task demands when dealing with multiple stimuli or performing multiple tasks concurrently under time pressure. The project aims to provide the basic research that is needed to extend psychological models of choice to complex ‘real-world’ tasks, such air traffic control and maritime surveillance.Read moreRead less
A Unified Theory of 'If's. This project aims to develop a unified theory of ‘if’s. Our understanding of an uncertain and risky world requires hypothetical reasoning involving ‘if’s. They are significant theoretically: in science, history, politics, economics, psychology, computer science, linguistics, and philosophy. They are significant practically: in our planning, decision-making, policy priorities, legal judgments, environmental and medical interventions. Yet we lack a comprehensive, readily ....A Unified Theory of 'If's. This project aims to develop a unified theory of ‘if’s. Our understanding of an uncertain and risky world requires hypothetical reasoning involving ‘if’s. They are significant theoretically: in science, history, politics, economics, psychology, computer science, linguistics, and philosophy. They are significant practically: in our planning, decision-making, policy priorities, legal judgments, environmental and medical interventions. Yet we lack a comprehensive, readily implementable theory of ‘if’s. The project expects to provide such a theory, based on probability, improving on approaches from philosophy and linguistics, and benefitting both these fields. It also promises significant benefits for artificial intelligence/machine learning.
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Surface adsorption, repulsion and attraction: A new experimental approach to surface forces. The ability to understand and manipulate the stability of finely dispersed particles (colloids) in water is essential to modern living. It is necessary in processes as diverse as water purification, minerals separation, food and paper production. The behaviour of the colloidal system can often be understood in terms of the interaction between the dispersed particles. This project aims to improve our abil ....Surface adsorption, repulsion and attraction: A new experimental approach to surface forces. The ability to understand and manipulate the stability of finely dispersed particles (colloids) in water is essential to modern living. It is necessary in processes as diverse as water purification, minerals separation, food and paper production. The behaviour of the colloidal system can often be understood in terms of the interaction between the dispersed particles. This project aims to improve our ability to predict the nature of the interaction between dispersed particles, through an understanding of the events at a particle surface during a collision with another particle. This will enable us to better understand and control real colloidal systems.Read moreRead less