| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2015: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
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| Outline of Final Research Achievements |
The purpose of this study is to make it clear how we form our expectations, how our expectations deviate from rationality (expectation biases), and how our expectations and their biases affect our economic activities. The results show that the degree of pessimism and optimism of our expectation varies considerably over time, while those of overconfidence remained stable over time. Status quo bias seems to explain the results of this study well including results of previous studies. In addition, this study finds that our expectation and biases affect our decision between piece rate reward and competitive reward. Furthermore, experiments of this study suggest that our emotion could be a source of expectation biases.
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