Purdue receives a NSF Science of Science Policy Economics Visual Analytic Grant
October 8, 2009
VACCINE's Purdue University was awarded an NSF award in the amount of $377,000.00. David Ebert is PI on the grant entitled, “TLS – Applied Visual Analytics for Economic Decision-Making” Community". Brian Fisher from Simon Fraser University, another VACCINE team member, is a consultant on the grant and will provide expertise in cognitive science and evaluation. The overall goal of our interdisciplinary research is to introduce visual analytics as a novel analytical tool in economics and use it to improve decision-making and identify key motivations in knowledge creation in various economic problems. Our suite of tools will allow users to interactively explore datasets and decision spaces as well as compare alternative hypotheses and develop new hypotheses with certainty measures. We will record user keystrokes and information pertinent to understanding decision-making and knowledge generation paths. In addition, eye tracking devices will be used to discover key parts of the visual analytics tool on which the individual focuses. We can connect this information to the decision of the individual to increase the robustness of our results. This knowledge will allow us to make robust predictions about the decision-making process on a broader scale. We will thus be able to provide theoretical models to explain learning and decision-making under bounded rationality.
The $377,000 award is funded through NSF’s Science of Science Policy, Graphics & Visualization program.