Optimism, Pessimism and Confidence - Their economic impacts. When modelling uncertainty, economists typically assume people utilise well-behaved and precise probabilities. As most people have only the vaguest conception of chances of terrorist acts, of contracting SARS, or of extreme market volatility, this limits usefulness of the standard model in predicting or guiding choice. This project aims to incorporate a richer set of attitudes about uncertainty into economic theory, including impreci ....Optimism, Pessimism and Confidence - Their economic impacts. When modelling uncertainty, economists typically assume people utilise well-behaved and precise probabilities. As most people have only the vaguest conception of chances of terrorist acts, of contracting SARS, or of extreme market volatility, this limits usefulness of the standard model in predicting or guiding choice. This project aims to incorporate a richer set of attitudes about uncertainty into economic theory, including imprecise estimates of chance, optimistic (or pessimistic) bias, and relative confidence. This will enable more rigorous analysis of topics like irrational exuberance (panic), consumer stampedes, and (in)tolerance of risk, thereby improving the measurement of benefits and costs of related actions or policies.Read moreRead less
Energy Conversion and Signal Transduction in Nanomechanical Systems. Miniaturization of materials and electronic devices is an important technological goal. In order to make smaller working devices,we need to understand how to create molecular scale devices such as valves, switches, pumps and motors. This Fellowship will explore ways to make smaller, portable devices that can be used for personal health monitoring,environmental sensing and the detection of disease and pathogens.
The Foundation, Role, and Design of Democracy. Democracy now reigns unchallenged as the master ideal in contemporary societies, western and non-western, developed and developing. But what is democracy, what is its essential role, and by what institutions can that role be best played in the changing circumstances of local, national and international life? This project develops a unified theory of the foundation, role and design of democratic institutions. By establishing a permanent international ....The Foundation, Role, and Design of Democracy. Democracy now reigns unchallenged as the master ideal in contemporary societies, western and non-western, developed and developing. But what is democracy, what is its essential role, and by what institutions can that role be best played in the changing circumstances of local, national and international life? This project develops a unified theory of the foundation, role and design of democratic institutions. By establishing a permanent international research centre focused on these vital questions, it will address theoretical and practical issues of great importance to all contemporary communities, and give Australia a new and on-going voice in crucial international debates.Read moreRead less
Understanding and Modeling Individual Choices in Applied Economics. The fellowship will create a critical mass of researchers in choice modeling theory and methods in areas that Australia needs to sustain economic progress and plan for the future. It will significantly advance knowledge in several major areas: design of health insurance markets; tests for adverse selection in insurance markets; ability of people to plan for retirement (superannuation choices); ability of people to plan and choos ....Understanding and Modeling Individual Choices in Applied Economics. The fellowship will create a critical mass of researchers in choice modeling theory and methods in areas that Australia needs to sustain economic progress and plan for the future. It will significantly advance knowledge in several major areas: design of health insurance markets; tests for adverse selection in insurance markets; ability of people to plan for retirement (superannuation choices); ability of people to plan and choose in dynamic environments; and decisions to adopt new technologies/products in evolving technology markets. The outcome will be new ways to understand and predict choices that can significantly improve practices in business and other organisations.Read moreRead less
Engineering Nanostructured Bio-inspired Products. New nanostructured products that draw on biology promise to revolutionise our lives and economy. Designer emulsions and self-assembling particles inspired by viruses are two such products that form the focus for this research programme. The constitutive behaviour of bio-molecular films that control emulsion performance will be characterised and linked to molecular properties and manufacturing conditions. A broad-based technology platform for t ....Engineering Nanostructured Bio-inspired Products. New nanostructured products that draw on biology promise to revolutionise our lives and economy. Designer emulsions and self-assembling particles inspired by viruses are two such products that form the focus for this research programme. The constitutive behaviour of bio-molecular films that control emulsion performance will be characterised and linked to molecular properties and manufacturing conditions. A broad-based technology platform for the in vitro creation of self-assembling biological nanoparticles will also be developed. Key outcomes will be valuable IPR and fundamental engineering science knowledge to ensure that the value chain for this class of products can deliver commercial outcomes.Read moreRead less
Exploring the Frontiers of Feasible Computation. The project aims to delineate the boundary between feasible and infeasible computational problems. A problem is considered feasible if there is an algorithm to solve it in worst-case time bounded by a polynomial in the input size. This is probably impossible for the important class of NP-complete problems. However, typical examples of NP-complete problems can often be solved in polynomial time, because worst-case problems are rare. The project is ....Exploring the Frontiers of Feasible Computation. The project aims to delineate the boundary between feasible and infeasible computational problems. A problem is considered feasible if there is an algorithm to solve it in worst-case time bounded by a polynomial in the input size. This is probably impossible for the important class of NP-complete problems. However, typical examples of NP-complete problems can often be solved in polynomial time, because worst-case problems are rare. The project is relevant to public-key cryptography, where breaking an encryption scheme should be infeasible, and to many real-life situations where NP-complete problems need to be solved, either exactly or approximately.Read moreRead less
Structural neurobiology - developing a new capability in Australia to treat mental illness. Mental illness encompasses a multitude of devastating conditions that present a major burden to the Australian economy. In this project powerful tools for determining the three-dimensional shapes and functions of proteins will be utilised to gain new knowledge about the molecular bases of various mental illnesses. The project will involve extensive use of the Australian Synchrotron Facility that is due to ....Structural neurobiology - developing a new capability in Australia to treat mental illness. Mental illness encompasses a multitude of devastating conditions that present a major burden to the Australian economy. In this project powerful tools for determining the three-dimensional shapes and functions of proteins will be utilised to gain new knowledge about the molecular bases of various mental illnesses. The project will involve extensive use of the Australian Synchrotron Facility that is due to open in 2007. This knowledge gained from the project will be used to develop new therapeutic drugs to ameliorate or combat mental diseases in partnership with the Australian Biotechnology Industry.Read moreRead less
Rethinking Mental Health Laws: An Integrated Approach. Mental health is one of the Commonwealth Government's national health priority areas. This research program will ensure the best possible outcomes for the Government's five-year action plan for better mental health services by developing model legal frameworks that will help shape the way in which individuals with mental illnesses can access the highest attainable standard of mental health care. Through interdisciplinary collaboration and th ....Rethinking Mental Health Laws: An Integrated Approach. Mental health is one of the Commonwealth Government's national health priority areas. This research program will ensure the best possible outcomes for the Government's five-year action plan for better mental health services by developing model legal frameworks that will help shape the way in which individuals with mental illnesses can access the highest attainable standard of mental health care. Through interdisciplinary collaboration and through developing model frameworks for both civil commitment and sentencing laws, this program will enable Australia to set the international agenda as to how countries can best respond to the mental health needs of their citizens.Read moreRead less
Advanced products through multiscale microstructure engineering. The metals manufacturing industry is one of the most important in Australia. Future growth and sustainability of the sector is critically dependent on the development of innovative metal products and materials.. In this program Australia's leading research group in metal manufacturing will develop new products and processes through the controlled manipulation of the microstructure at a number of levels: from nano scale to macro s ....Advanced products through multiscale microstructure engineering. The metals manufacturing industry is one of the most important in Australia. Future growth and sustainability of the sector is critically dependent on the development of innovative metal products and materials.. In this program Australia's leading research group in metal manufacturing will develop new products and processes through the controlled manipulation of the microstructure at a number of levels: from nano scale to macro scale. The areas of application include the automotive industry, biomaterials, surface engineering and the emerging area of microforming technologiesRead moreRead less
Fault-tolerant operation and scale-up of a silicon quantum computer beyond laboratory prototypes. The Centre for Quantum Computer Technology's mission is the construction of a prototype few-qubit silicon quantum processor to demonstrate the feasibility of this breakthrough technology for massively parallel computation. This application will initiate a new strategic research program within the Centre to address the key issue of interfacing laboratory with silicon CMOS microelectronics. The Hybrid ....Fault-tolerant operation and scale-up of a silicon quantum computer beyond laboratory prototypes. The Centre for Quantum Computer Technology's mission is the construction of a prototype few-qubit silicon quantum processor to demonstrate the feasibility of this breakthrough technology for massively parallel computation. This application will initiate a new strategic research program within the Centre to address the key issue of interfacing laboratory with silicon CMOS microelectronics. The Hybrid Quantum- Conventional Processor will provide calibrated gate control and readout of individual buried atom quantum bits,to run logic operations with quantum error correction. This program will require a deep understanding of physics issues to develop fault tolerant coherent control of qubit arrays for real applications.Read moreRead less