| Budget Amount *help |
¥4,160,000 (Direct Cost: ¥3,200,000、Indirect Cost: ¥960,000)
Fiscal Year 2012: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2011: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2010: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
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| Research Abstract |
In this research project, we investigate money holdings under recessions using Knightian uncertainty that is wider notion than probabilistic risk. We have completed two papers and submitted international journals, one of which provides a characterization of the preferences for money holdings under uncertainty, and another of which provides an axiomatization for it.
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