Discovery Projects - Grant ID: DP160100903

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP160100903

Funding Status
Closed

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Funded Activity Summary

Epistemically feasible choice: implications for sustainable risk management. The aim of this project is to examine procedural decision principles that will yield better choices in circumstances where, because of epistemic limitations, standard decision theory provides an inadequate guide. Individuals and policy-makers must make decisions even though they cannot be fully aware of all of the relevant possibilities or fully understand consequences they have not yet experienced. Examples include individual decisions about marriage and childbearing, public policy decisions about complex environmental problems and decisions on funding scientific research. The expected outcome of the project will be a formal model of decision theory incorporating principles of resilience, sustainability and transformative experience.

Funded Activity Details

Start Date: 01-01-2016

End Date: 31-12-2020

Funding Scheme: Discovery Projects

Funding Amount: $475,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Economic Theory | Environment and Resource Economics | Decision Theory | Economic Theory not elsewhere classified

ANZSRC Socio-Economic Objective (SEO)

Environmental Policy, Legislation and Standards not elsewhere classified | Preference, Behaviour and Welfare |

Other Keywords

Decision Theory | Economic Theory | Economic Theory not elsewhere classified | Environment and Resource Economics | Environmental Policy, Legislation and Standards not elsewhere classified | Preference, Behaviour and Welfare

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