2013 Fiscal Year Final Research Report
Utility theory based on human nature and its implications to economics
| Project/Area Number |
23653055
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| Research Category |
Grant-in-Aid for Challenging Exploratory Research
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Meikai University |
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Principal Investigator |
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| Research Collaborator |
GOLDSTEIN Josh University of California Berkeley
KUHN Michael Vienna Institute of Demography
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| Project Period (FY) |
2011 – 2013
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| Keywords | 選好 / 幸福度 / 効用 / 進化生物学 / 時間選好率 / 相対的効用 / 行動経済学 / バイオエコノミックス |
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| Research Abstract |
This study provides biological foundations of human tendencies to discount future and to care about social status, and demonstrates that, incorporating these tendencies into economic models, we can explain demographic and economic phenomena such as the modern fertility transition. Then, focusing on similarities in biological and economic models, this study presents an economic framework that is consistent with the biological framework. These results indicate that we can rebuild utility theory using the biological framework.
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