A study on reference-dependent choice procedures with endogenously determined reference(s)
| Project/Area Number |
18K12739
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07010:Economic theory-related
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| Research Institution | Nagoya University of Commerce & Business (2020-2022)
Tohoku University (2018-2019) |
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Principal Investigator |
QIN DAN 名古屋商科大学, 経営学部, 准教授 (10756092)
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| Project Period (FY) |
2018-04-01 – 2024-03-31
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| Project Status |
Granted (Fiscal Year 2022)
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| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2020: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2018: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Keywords | reference-dependent / dual-self / multi-self / reference alternative / bounded rationality / structural property / choice overload / revealed preference / revealed reference |
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| Outline of Annual Research Achievements |
This year, my main work has involved summarizing results from academic articles. I have written two articles as part of the research project. The first paper focuses on differentiating the roles of reference alternatives. In this article, I have refined the explanations to better illustrate the relationships and differences between various roles of the reference alternatives, including the endowment effect, loss aversion, and reference-dependent shortlisting.
The second article summarizes the results related to the coalitional multi-self model, which demonstrates the connection between the dual-self and multi-self models. The analysis provides valuable insights into modeling choices across different settings.
I have also developed new ideas on random choice models that can make use of the results I have achieved so far. In particular, both the reference-dependent shortlisting model and the coalitional multi-self model shed light on the development of random utility models. The former can be directly transformed into the random choice framework. The latter leads to the insight that the underlying selves can exhibit structure.
My primary objective for the upcoming academic year is to publish the results of my research and begin analyzing the random utility models.
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| Current Status of Research Progress |
Current Status of Research Progress
2: Research has progressed on the whole more than it was originally planned.
Reason
"The research has been progressing smoothly, and I have made significant revisions to both papers. I believe that the new exposition can greatly enhance the impact of the research. In particular, I have connected the two-system model to the coalitional multi-self models, which has opened up new avenues for experimental, applicational, and theoretical studies.
Moreover, I have developed new ideas for modeling and applying random choice models, which I believe will be of interest to the research community.
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| Strategy for Future Research Activity |
My primary goal for the upcoming academic year is to present the research results in workshops and conferences and revise the manuscripts based on the feedback received. I plan to present at two international conferences and two domestic workshops. I will revise and polish the articles according to the comments and suggestions received at these events.
The ultimate aim is to publish the articles of this project within this fiscal year.
Further, I will start developing the new project.
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Report
(5 results)
Research Products
(6 results)
