Asset valuation in incomplete markets via the case-based decision theory.
| Project/Area Number |
22530310
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kyoto Sangyo University (2011-2012)
Kyoto University (2010) |
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Principal Investigator |
IWAKI Hideki 京都産業大学, 経営学部, 教授 (40257647)
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| Project Period (FY) |
2010 – 2012
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| Project Status |
Completed (Fiscal Year 2012)
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| Budget Amount *help |
¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2010: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
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| Keywords | ファイナンス / 不確実性 / 意思決定理論 / 事例ベース意思決定 / 主観確率 / 非期 待効用理論 / 行動経済学 / 資産価値評価 / 非期待効用理論 / 金融論 / 経済理論 / 応用数 / 経済統計学 |
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| Research Abstract |
The case-based decision theory is such a decision theory that the decision maker seeks out similar cases, that she or he measures the distance of similar cases and the decision problem by a measurement function and that she or he makes an optimal decision making by considering similar cases. In the study, applying this decision theory to asset valuation, we estimate the default probabilities of business firms using actual data, and test the validity by comparing them with the default probabilities estimated by the existing methods.
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Report
(4 results)
Research Products
(17 results)
