Behavioral Economics, Decision Theory, and Applications

• Project/Area Number: 26780113
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Economic theory
• Research Institution: Otaru University of Commerce
• Principal Investigator: NAKAJIMA DAISUKE 小樽商科大学, 商学部, 教授 (60715332)
• Project Period (FY): 2014-04-01 – 2017-03-31
• Project Status: Completed (Fiscal Year 2016)
• Budget Amount: ¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000); Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2014: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
• Keywords: 意思決定理論 / 行動経済学 / 顕示選好理論 / 限定合理性 / 国際情報交換（アメリカ） / 研究手法の宣伝・普及

Outline of Final Research Achievements

This project aims to combine recent developments of behavioral economics with the traditional decision theory based on the revealed preference approach. Particularly, we explored the topics about consumers with limited consideration and with limited willpower.
Our achievements are as follows: 1. We investigated behaviors of consumers with limited consideration due to the abundance of alternatives and developed the method to identify the preferences of such consumers. 2. We investigated behaviors of consumers with limited willpower and developed the method to identify the preferences and the degree of the willpower of such consumers.

Research Products

• [Int'l Joint Research] University of Maryland(米国)
• [Int'l Joint Research] London Business School(英国)
• [Int'l Joint Research] University of Michigan/University of Maryland(米国)
• [Int'l Joint Research] London School of Economics(英国)
• [Journal Article] When More is Less: Choice by Limited Consideration (2017)
  • Author(s): Juan Sebastian Lleras, Yusufcan Masatlioglu,Daisuke Nakajima, and Erkut Ozbay
  • Journal Title: Journal of Economic Theory Volume: 印刷中
  • Peer Reviewed / Int'l Joint Research / Acknowledgement Compliant
• [Journal Article] Completing Incomplete Revealed Preference under Limited Attention (2015)
  • Author(s): Yusufcan Masatlioglu and Daisuke Nakajima
  • Journal Title: Japanese Economic Review Volume: 印刷中
  • Peer Reviewed / Acknowledgement Compliant
• [Presentation] Revealed Preference and Limited Attention (2016)
  • Author(s): 中島大輔
  • Organizer: 東京大学経済学部ミクロ経済学ワークショップ
  • Place of Presentation: 東京大学(東京都文京区)
  • Invited
• [Presentation] Revealed Preference and Limited Attention (2016)
  • Author(s): 中島大輔
  • Organizer: Hitotsubashi Decision Theory Workshop
  • Place of Presentation: 一橋大学(東京都国立市)
  • Int'l Joint Research / Invited
• [Presentation] "Revealed Preference and Limited Attention" (2015)
  • Author(s): 中島大輔
  • Organizer: シンガポール国立大学
  • Place of Presentation: シンガポール国立大学（シンガポール）
  • Year and Date: 2015-11-04
  • Int'l Joint Research / Invited
• [Presentation] "Revealed Preference and Limited Attention" (2015)
  • Author(s): 中島大輔
  • Organizer: 京都大学経済研究所 ミクロ経済学・ゲーム理論研究会
  • Place of Presentation: 京都大学
  • Year and Date: 2015-10-29
  • Invited
• [Presentation] "Revealed Willpower" (2015)
  • Author(s): 中島大輔
  • Organizer: The 11th World Congress of the Econometric Society
  • Place of Presentation: モントリオール大学（カナダ）
  • Year and Date: 2015-08-17
  • Int'l Joint Research
• [Presentation] Completing Incomplete Revealed Preference under Limited Attention (2014)
  • Author(s): 中島大輔
  • Organizer: 日本経済学会
  • Place of Presentation: 同志社大学
  • Year and Date: 2014-06-14
  • Invited
• [Book] ”Revealed Preference" in Revealed Attention in Behavioral Economics of Preferences, Choices, and Happiness (2015)
  • Author(s): Daisuke Nakajima
  • Publisher: Springer
• [Remarks]
  • URL: https://sites.google.com/site/daisukeecon/research
• [Remarks] Yusufcan Masatlioglu（ミシガン大学）
  • URL: http://www-personal.umich.edu/~yusufcan/
• [Remarks] Erkut Ozbay （メリーランド大学）
  • URL: http://econweb.umd.edu/~ozbay/
• [Remarks] Emre Ozdenoren （ロンドンビジネススクール）
  • URL: https://sites.google.com/site/ozdenoren/