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Analysis on the effect of holding cash physically on individual rationality: An economic experiment approach

Research Project

Project/Area Number 15K03353
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic theory
Research InstitutionKobe University

Principal Investigator

Shen Junyi  神戸大学, 経済経営研究所, 教授 (10432460)

Co-Investigator(Kenkyū-buntansha) 高橋 広雅  広島市立大学, 国際学部, 教授 (80352540)
Project Period (FY) 2015-04-01 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Keywords手持ち現金 / 合理性 / 最後通牒ゲーム / 投資実験 / 不正行為 / 参照点 / tangibility effect / paper money / coin / investment experiment
Outline of Final Research Achievements

In order to clarify whether or not holding cash physically has an influence on individual rationality, we conducted ultimatum game experiment and investment experiments during the research period. Both experiments were to verify whether two different forms of giving subjects initial endowments (i.e., cash and non-cash) would affect their behaviors. The results of both experiments suggest that decision making is more cautious when subjects hold cash in their hands than when subjects do not hold cash physically. It is also considered that such behavioral change is caused by the endowment effect and loss aversion by holding cash physically.

Report

(4 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Research-status Report
  • 2015 Research-status Report
  • Research Products

    (11 results)

All 2018 2017 2016 2015

All Journal Article (11 results) (of which Int'l Joint Research: 1 results,  Peer Reviewed: 7 results,  Open Access: 4 results,  Acknowledgement Compliant: 3 results)

  • [Journal Article] Instability in the voluntary contribution mechanism with a quasi-linear payoff function: An experimental analysis2018

    • Author(s)
      Jun Feng, Tatsuyoshi Saijo, Junyi Shen, Xiangdong Qin
    • Journal Title

      Journal of Behavioral and Experimental Economics

      Volume: 72 Pages: 67-77

    • DOI

      10.1016/j.socec.2017.12.002

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed / Int'l Joint Research
  • [Journal Article] Mate choice mechanism for solving a quasi-dilemma2018

    • Author(s)
      Tatsuyoshi Saijo, Junyi Shen
    • Journal Title

      Journal of Behavioral and Experimental Economics

      Volume: 72 Pages: 1-8

    • DOI

      10.1016/j.socec.2017.10.004

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Does Physical Exercise Affect Tradeoffs between Fixed Pay and Performance-related Pay for Individuals?2017

    • Author(s)
      Weiyi Zhang, Hiromasa Takahashi, Junyi Shen
    • Journal Title

      国民経済雑誌

      Volume: 216 Pages: 25-46

    • NAID

      120006547311

    • Related Report
      2017 Annual Research Report
  • [Journal Article] Examining the Factors Affecting Personal Income: An Empirical Study Based on Survey Data in Chinese Cities2017

    • Author(s)
      Lihui Wang, Junyi Shen
    • Journal Title

      Frontiers of Economics in China

      Volume: 12 Pages: 515-544

    • Related Report
      2017 Annual Research Report
    • Peer Reviewed
  • [Journal Article] The tangibility effect of paper money and coins in an investment experiment2017

    • Author(s)
      Junyi Shen, Hiromasa Takahashi
    • Journal Title

      Economics and Business letters

      Volume: 6 Pages: 1-5

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Open Access / Acknowledgement Compliant
  • [Journal Article] An empirical analysis on the determinants of overweight and obesity in China2017

    • Author(s)
      Ping Gao, Junyi Shen
    • Journal Title

      Applied Economics

      Volume: 49 Issue: 20 Pages: 1923-1936

    • DOI

      10.1080/00036846.2016.1229426

    • Related Report
      2016 Research-status Report
    • Peer Reviewed / Acknowledgement Compliant
  • [Journal Article] 後続実験における意思決定に先行実験が与える影響―一方的最後通牒ゲーム実験による分析―2016

    • Author(s)
      鈴明宏・伊藤健宏・小川一仁・高橋広雅・竹本亨
    • Journal Title

      山形大学紀要(社会科学編)

      Volume: 46 Pages: 39-44

    • NAID

      120005713173

    • Related Report
      2016 Research-status Report
  • [Journal Article] An experimental examination of compensation schemes and level of effort in differentiated tasks2016

    • Author(s)
      Hiromasa Takahashi, Junyi Shen, Kazuhito Ogawa
    • Journal Title

      Journal of Behavioral and Experimental Economics

      Volume: 61 Pages: 12-19

    • DOI

      10.1016/j.socec.2016.01.002

    • Related Report
      2015 Research-status Report
    • Peer Reviewed / Acknowledgement Compliant
  • [Journal Article] The market share of nonprofit and for-profit organizations in teh quasi-market: Japan's long-term care services market2015

    • Author(s)
      Nobuko Kanaya, Hiromasa Takahashi, Junyi Shen
    • Journal Title

      Annals of Public and Cooperative Economics

      Volume: 86 Issue: 2 Pages: 245-266

    • DOI

      10.1111/apce.12077

    • Related Report
      2015 Research-status Report
    • Peer Reviewed / Open Access
  • [Journal Article] 産科医不足のため分娩維持が困難な地域公立病院における費用便益分析2015

    • Author(s)
      中島孝子・森重健一郎・瀋俊毅・古井辰郎・西條辰義
    • Journal Title

      国民経済雑誌

      Volume: 212 Pages: 31-46

    • NAID

      110009976987

    • Related Report
      2015 Research-status Report
    • Open Access
  • [Journal Article] Easy Economic Experiment System を用いた経済実験の教育効果: 囚人のジレンマと協調ゲーム2015

    • Author(s)
      鈴木明宏・高橋広雅・竹本亨・西平直史・小川一仁
    • Journal Title

      山形大学紀要(社会科学編)

      Volume: 46 Pages: 1-29

    • NAID

      120005671281

    • Related Report
      2015 Research-status Report
    • Open Access

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Published: 2015-04-16   Modified: 2019-03-29  

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