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 ma ....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.Read moreRead less
Accounting for preference seperability in stated choice experiments. This project aims to unite three separate streams of applied economic research into a single framework in order to develop a micro-economically consistent framework for demand forecasting and analysis. Forecasting demand to improve product performance or policy impacts requires realistic representations of how humans actually make choices. Combining theories of preference separability with recent developments in both activity a ....Accounting for preference seperability in stated choice experiments. This project aims to unite three separate streams of applied economic research into a single framework in order to develop a micro-economically consistent framework for demand forecasting and analysis. Forecasting demand to improve product performance or policy impacts requires realistic representations of how humans actually make choices. Combining theories of preference separability with recent developments in both activity and time use modelling and stated choice techniques, the project plans to develop new insights into consumer equilibrium as well as new econometric methods to test for the assumption of preference separability. Project outcomes would lead to an improved understanding of consumer behaviour as well as demand forecasting, with benefits to studies involving the need for benefit cost comparisons.Read moreRead less
Identification Power and Instrument Strength in Discrete Outcome Models. This project aims to develop new econometric and statistical techniques to quantify causal effects in treatment models with discrete outcomes. Expected outcomes include a much-needed weak instrument test, a measure for identification strength in partial identification setting, and an instrument-covariate selection procedure for high dimensional discrete models based identification power. The benefits include advanced knowle ....Identification Power and Instrument Strength in Discrete Outcome Models. This project aims to develop new econometric and statistical techniques to quantify causal effects in treatment models with discrete outcomes. Expected outcomes include a much-needed weak instrument test, a measure for identification strength in partial identification setting, and an instrument-covariate selection procedure for high dimensional discrete models based identification power. The benefits include advanced knowledge in econometrics and statistics, and enhanced tools for program evaluation and policy assessment in empirical causal analysis using observational data. The project falls into the category of smarter information use and is relevant to any national priority areas where policy interventions require assessment.Read moreRead less
Selection of mixed strength moment restrictions and optimal inference . This project aims to develop consistent model selection criteria even if the target model only provides a weak signal about the parameter of interest. This project expects to generate new knowledge on model selection using new and innovative techniques. Expected outcomes include the quantification of the maximum information on parameter from weak-signal models; new entropy-based model selection criteria; and a robust investi ....Selection of mixed strength moment restrictions and optimal inference . This project aims to develop consistent model selection criteria even if the target model only provides a weak signal about the parameter of interest. This project expects to generate new knowledge on model selection using new and innovative techniques. Expected outcomes include the quantification of the maximum information on parameter from weak-signal models; new entropy-based model selection criteria; and a robust investigation of the still debated hypothesis in environmental economics that with open and liberalized trade, developing countries would become pollution havens for dirty industries of advanced countries. Success in this undertaking will dramatically enlarge the pool of applied work involving economic models with weak signals.Read moreRead less
Choice foundations: Diagnostic tools for individual-level model development. This project aims to improve policy making in areas such as transport, environment and health, by better representation of how people make decisions. An interdisciplinary team of economists and psychologists will build on new mathematical and statistical tools to test for adherence to choice axioms that underlie observed choice behaviour. The project will produce a set of computerized statistical tools to implement the ....Choice foundations: Diagnostic tools for individual-level model development. This project aims to improve policy making in areas such as transport, environment and health, by better representation of how people make decisions. An interdisciplinary team of economists and psychologists will build on new mathematical and statistical tools to test for adherence to choice axioms that underlie observed choice behaviour. The project will produce a set of computerized statistical tools to implement the testing of choice axioms using Bayesian methods with the capacity to improve a wide array of applied economics work at the national and international levels.Read moreRead less
Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Austr ....Implications of Global Economic Forces for Domestic Monetary Policy. The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Australia. This should provide significant benefits to the broader Australian economy through the conduct of suitable policy by institutions such as the Reserve Bank of Australia.Read moreRead less
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.
Novel link between bacterial sugar metabolism and cell-to-cell signalling. This project aims to understand the role and function of the bacterial communication system that enables bacteria to form complex communities and alter phenotypic traits, essential for survival in their environment. Bacteria survive in their environmental niches by developing complex multicellular communities. Cell to cell communication, termed quorum sensing (QS), is critical for this process and is linked to their capac ....Novel link between bacterial sugar metabolism and cell-to-cell signalling. This project aims to understand the role and function of the bacterial communication system that enables bacteria to form complex communities and alter phenotypic traits, essential for survival in their environment. Bacteria survive in their environmental niches by developing complex multicellular communities. Cell to cell communication, termed quorum sensing (QS), is critical for this process and is linked to their capacity to detect and secrete small signalling molecules, autoinducers. This project will provide a new paradigm in bacterial adaptation through comprehensive characterisation of the Autoinducer-2 QS system. This knowledge will provide future opportunities for intervention in microbial infestation with broad potential benefits.Read moreRead less
Organic Bioelectronics: Solving Key Barriers to Precision Neuromodulation. This project aims to combine the principles of molecular electronics and neurobiology to create organic conductors with enhanced biocompatibility that enable optical neuromodulation. This project expects to generate new knowledge regarding the properties of materials that promote connectivity with neurons and the ability of new microscopy tools to visualise this bio-interface. The expected outcome of this project includes ....Organic Bioelectronics: Solving Key Barriers to Precision Neuromodulation. This project aims to combine the principles of molecular electronics and neurobiology to create organic conductors with enhanced biocompatibility that enable optical neuromodulation. This project expects to generate new knowledge regarding the properties of materials that promote connectivity with neurons and the ability of new microscopy tools to visualise this bio-interface. The expected outcome of this project includes new high performing materials, measurement tools and fabrication approaches to overcome the key challenges to precision neuromodulation. A significant benefit of the new materials is their printability, providing the opportunity to establish a sovereign capability to manufacture low-cost bioelectronic systems in Australia.Read moreRead less
Engineering floating liquid marbles for three-dimensional cell cultures. This project aims to understand the physics of three-dimensional cell cultures in a liquid marble floating on a liquid free surface. New methodology developed can produce these cell cultures without using matrices or scaffolds and with run-times well beyond existing technologies. This methodology closely mimics a normal in-vivo environment and produces spheroids needed in cell transplantation therapies. This project will re ....Engineering floating liquid marbles for three-dimensional cell cultures. This project aims to understand the physics of three-dimensional cell cultures in a liquid marble floating on a liquid free surface. New methodology developed can produce these cell cultures without using matrices or scaffolds and with run-times well beyond existing technologies. This methodology closely mimics a normal in-vivo environment and produces spheroids needed in cell transplantation therapies. This project will resolve uncertainties in the underlying phenomena. The expected outcome should support future high quality cell cultures suitable for transplantation therapies.Read moreRead less