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ARC Discovery Project

Australian Research Council

Understanding the Behaviour and Impact of Bond Markets

Dr MH Dungey; A/Prof OT Henry; Prof MD McKenzie

Finance

Project Summary

Any policy must take account of individuals' incentives to strategically manipulate. Mechanism Design is an area of economic theory that addresses precisely this. In its theoretical development however,it overlooks practical constraints for monitoring behavior. For instance, for fraud detection, credit scoring etc., automated statistical machine learning models discussed in computer science (CS) are used. Here, we constrain monitoring strategies to be such algorithms and address the monitoring a population of individuals or a similarly constrained large adversary. Notable cross disciplinary implications exist for "concept drift" and "adversarial classification", two key issues in the CS classification problem.

Funding
2009 :$  100,000
2010 :$  65,000
2011 : $  65,000