Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes inc ....Multidisciplinary analysis of financial reference points and wellbeing. The aim is to find how to improve financial decisions (i) during unexpected economic shocks, and (ii) by the socially disadvantaged. The project will produce the first large-scale evidence on heterogeneity in benchmarks (reference points) against which people evaluate financial alternatives and the role of such benchmarks in financial risk-taking and in creating and perpetuating economic inequality. The expected outcomes include transformed interdisciplinary understanding of financial decisions and significantly greater capacity for multidisciplinary collaboration. The findings will inform policy on promoting financial wellbeing and to mitigate the devastating effects of sudden economic shocks such as that of COVID-19.Read moreRead less
Changing Institutions to Mitigate Gender Leadership Gaps: Power of Defaults. This project aims to improve diversity in organisations by investigating a simple yet novel institutional change that can increase women’s participation in leadership. This involves a change in the default used for leadership selection, from an opt-in to an opt-out mechanism. This project expects to generate new knowledge in the area of diversity and inclusion by showing how appropriate choice of defaults can reduce lab ....Changing Institutions to Mitigate Gender Leadership Gaps: Power of Defaults. This project aims to improve diversity in organisations by investigating a simple yet novel institutional change that can increase women’s participation in leadership. This involves a change in the default used for leadership selection, from an opt-in to an opt-out mechanism. This project expects to generate new knowledge in the area of diversity and inclusion by showing how appropriate choice of defaults can reduce labour market gaps and inequality. Expected outcomes include understanding mechanisms underlying the gender default effect both in the short and long run which will help identify appropriate interventions that can be scaled up. Insights gained should provide significant benefits by improving workplace diversity and productivity.Read moreRead less