Discovery Projects - Grant ID: DP190101056

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP190101056

Funding Status
Active

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Funded Activity Summary

Understanding and overcoming confusion in consumer financial decisions. This project aims to develop consumer-centred approaches to reducing the harmful effects of confusion in financial decisions by studying superannuation investment and home loan decisions where confused choices are individually and collectively costly. The project intends to develop comprehensive models to capture the full complexity of financial products and the diverse preferences and capability of consumers, then to use advanced statistical methods to estimate the benefits of clearer decision-making. The outcomes of this project includes new models of complex financial decisions, and a better understanding of where confusion arises and the effects it may have. Decreased confusion will raise financial well-being and help communities become more resilient to financial shocks.

Funded Activity Details

Start Date: 01-02-2019

End Date: 31-12-2023

Funding Scheme: Discovery Projects

Funding Amount: $660,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Financial Economics | Investment and Risk Management | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Preference, Behaviour and Welfare | Savings and Investments

Other Keywords

Applied Economics | Financial Economics | Investment and Risk Management | Preference, Behaviour and Welfare | Savings and Investments

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