Global Development & Research Initiative (GDRI)

Dedicated for Research & Development


Training on "How to improve lessons plan"
Total participants will be 280 teachers.

Date: 10th May, 2017 

Location: Chandkhali union Porisodh auditorium, GDRI own office premises, Tala union Porisodh auditorium, union & Dumuriya Porisodh auditorium

Seminar on “Early Childhood Parental Intervention & Parental Invlovement in Bangladesh"   Speaker: Dr.Asadul Islam Associate professor, Monash University, Australia
Venue: CSS Ava center, Khulna


"Investing in our Future: The Early Childhood Intervention and Parental Involvement in Bangladesh"  
Date: 21-29 March, 2017.  Teachers attend a six days training program. Each day two sessions was carried out to prepare teachers for teaching children and for home visit.  

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Can microcredit improve food security among the rural poor?
Asad Islam, Chandana Maitra, Debayan Pakrashi and Russell Smyth

Published by: Ideas for India

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Primary and secondary education: What's happening on the ground 

Asad Islam

Published by: The Financial Express

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Myopic Loss Aversion and Investment Decision: An Empirical and Experimental Study of Traders in Stock Market

Lead Researcher(s): 
Asad Islam  (Monash University)
Kazi Iqbal (BIDS),

Behavioral finance has become a vital component to explain irrationality in financial decision and enable us to understand more about the stock market. Financial traders are the vital component of financial decision-making process and price settings, yet evaluation of their financial behavior under laboratory setting and its connect to real life decision remain largely unknown. The aim of this research is to get closer look on the relationship between investment behavior under laboratory setting and real investment decision of traders in their natural domains.

We collaborate with several brokerage houses in Dhaka stock market to obtain daily trading data of more than 350 retail stock market traders/investors. The traders also participate in our lab-in-the-field games to measure the prevalence of Myopic loss aversion and other behavioral outcomes such as ambiguity, risk and time preferences. We then combine the experiment results with a unique dataset on daily transactions and portfolio positions of these traders over two years to study the link between individual investment decision under controlled experiment setting and in real life.

The research is supported by Faculty of Business Economics at Monash University.

Does Providing Women Living in Rural Areas with Innovative Financial Interventions Change Household Expenditure and Saving Behaviour?

Lead Researcher(s): 
KRussell Smyth, (Monash Monash),
Vy Nguyen (Monash Monash)  

It has been argued that standardized financial training is too complex and rigid to help less educated individuals improve their financial decisions. Existing literature suggests a weak, if not zero, impact of standard financial education on improving financial outcomes.

We propose a Randomized Controlled Trial to assess whether either a simplified less intensive financial treatment or a tailored 'just-in-time' financial treatment can perform better than traditional financial education in overcoming financial inclusion barriers for young women in rural areas. The simplified treatment will entail participant's self-recording daily cash transfer using a financial diary. The tailored 'just-in-time' treatment will involve provision of advice from a financial counsellor on financial matters, tailored to the participant’s specific financial needs. This project has potential to contribute significantly to the academic literature on ‘what works’ in improving financial literacy and offer practical implications for assisting to enhance the financial well-being of women in developing countries.

Faculty of Business Economics at Monash University supports the research.

The Early Childhood Intervention and Parental Involvement in Bangladesh

Lead Researchers:
Asad Islam (Monash Monash),
John List (University of Chicago),
Ummul Ruthbah (University of Dhaka)

Early childhood is widely recognised as a critical phase of human development, and interventions targeted at this stage have a farther reaching impact than those targeted later in life. Preschool education has been found to confer significant benefits on children in developed countries. Yet, the impact of pre-schooling in developing countries is largely unknown.

The aim of this project is to bridge the gap by systematically evaluating whether introducing pre-schooling in remote rural communities improve cognitive and non-cognitive skills of children and ready for primary school in a developing country like Bangladesh.

The research is supported by DFID and UK research council (ESRC)

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Financial literacy and trading behaviour of small investors in stock market

Lead Researcher(s): 
Kazi Iqbal (BIDS),
Asad Islam  (Monash University)

Improving financial literacy of the small investors is central to the development of a viable financial sector. In this study, we train investors on capital market and examine how such training change the trading behavior of the investors. We collaborate with seven brokerage houses in Dhaka to train the small investors. The professional trainers provide training on the fundamentals of stock valuation. We primarily focus on ‘rule of thumb’ method considering a large number of small investors do not have sufficient accounting knowledge. We conduct the lab-in-the-field experiment to examine how these real small investors’ behaviour in stock trading are affected by their attitudes towards uncertainty, risk-taking behaviour and personality traits.

The research is supported by Faculty of Business Economics at Monash University.