| Budget Amount *help |
¥4,420,000 (Direct Cost: ¥3,400,000、Indirect Cost: ¥1,020,000)
Fiscal Year 2019: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2018: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Outline of Final Research Achievements |
This study was titled "Smooth Ambiguity Models and Real Options: Theory and Applications". The project was initially intended to last three years, but due to the impact of Covid 19, it was extended for three years for a total of six years. Analysis was conducted on how ambiguity, which differs from risk, affects the behavior of decision-makers, and research results were obtained that differ from those of conventional risk. This research project has further clarified the significance of analyzing ambiguity as distinct from risk. After completing this research project, we will continue to advance research on ambiguity and the role of ambiguity in decision-making.
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