Discovery Projects - Grant ID: DP240101927

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP240101927

Funding Status
Active

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Funded Activity Summary

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.

Funded Activity Details

Start Date: 2024

End Date: 12-2026

Funding Scheme: Discovery Projects

Funding Amount: $328,879.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Experimental economics | Applied economics | Behavioural economics

ANZSRC Socio-Economic Objective (SEO)

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