Discovery Projects - Grant ID: DP190103475

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP190103475

Funding Status
Active

Does something not look right? The information on this page has been harvested from data sources that may not be up to date. We continue to work with information providers to improve coverage and quality. To report an issue, use the .

Funded Activity Summary

Wicked defaults: how to overcome the dark side of choice architecture. This project aims to investigate how defaults and product complexity might be used to exploit consumers in environments like private insurance where consumers are prone to making systematic errors. Defaults are used to nudge individuals into socially beneficial actions such as increasing their retirement savings and joining organ donor lists. However, in the hands of firms, defaults can also be used to exploit consumers by encouraging choices that help the firm but disadvantage consumers. The project intends to study experimentally whether exploitation can be reduced via competition and reputation building systems based on consumer feedback.

Funded Activity Details

Start Date: 01-01-2019

End Date: 31-12-2023

Funding Scheme: Discovery Projects

Funding Amount: $174,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Pricing (incl. Consumer Value Estimation) | Experimental Economics | Industry Economics and Industrial Organisation | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Marketing | Market-Based Mechanisms | Preference, Behaviour and Welfare

Other Keywords

Applied Economics | Experimental Economics | Industry Economics and Industrial Organisation | Market-Based Mechanisms | Marketing | Preference, Behaviour and Welfare | Pricing (incl. Consumer Value Estimation)

Related Links