Linkage Projects - Grant ID: LP160101460

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/API/grants/LP160101460

Funding Status
Closed

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Funded Activity Summary

Developing group-based elicitation methods to improve decision making. This project aims to develop an elicitation methodology enabling multiple members of a team to contribute to the same technical problem - enabling expertise to be accurately combined while avoiding group and individual sources of bias. Good elicitation methods minimise bias in estimates and forecasts - which otherwise erode value and lead to sub-optimal decision making. Existing methods, however, ignore group structures; that is that decisions made by, or on, the advice of teams have different characteristics than individual decisions and often preclude the use of methods designed to limit individuals' biases. By encoding the method into a computerised tool the project will assist public and private sector enterprises to improve group decision making.

Funded Activity Details

Start Date: 12-2017

End Date: 12-2021

Funding Scheme: Linkage Projects

Funding Amount: $311,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Cognitive Science | Decision Support and Group Support Systems | Decision Making | Petroleum and Reservoir Engineering

ANZSRC Socio-Economic Objective (SEO)

Energy Exploration not elsewhere classified |

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