Poverty Trap and Knightian Uncertainty
| Project/Area Number |
26380240
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Okayama University |
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Principal Investigator |
Asano Takao 岡山大学, 社会文化科学研究科, 教授 (40423157)
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| Project Period (FY) |
2014-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
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| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2016: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2015: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Keywords | ナイト流不確実性 / 貧困の罠 / リスク |
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| Outline of Final Research Achievements |
1. I axiomatize the three updating rules under consequentialism and dynamic consistency.
2. I consider a portfolio allocation problem between a risky asset and an ambiguous asset, and investigates how the existence of ambiguity influences the optimal proportion invested in the two assets. By introducing the notion of ambiguity, we derive several sufficient conditions under which an investor decreases the optimal proportion invested in the ambiguous asset.
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Report
(5 results)
Research Products
(14 results)
