2014 Fiscal Year Final Research Report
Empirical foundations of the bounded rationality in economic decision making
| Project/Area Number |
24530203
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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 | Tokyo University of Science |
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Principal Investigator |
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| Project Period (FY) |
2012-04-01 – 2015-03-31
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| Keywords | 経済理論 / 意思決定 / 行動経済学 / 神経経済学 / 実験経済学 / 統計的学習理論 |
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| Outline of Final Research Achievements |
Recently, Behavioral economics and Neuroeconomics have brought new findings of human decision makings and improved our understandings on how people behave in economic situations. Following this trend, we tried to refine models of human investment behaviors. What we showed in this project are as follows.
1. We detected what kinds of factors bring regime switches between decision making models in an artificial financial market, and showed that an ensemble forecasting model which is relevant to the regime switch and individual differences can improve the accuracy of forecast. 2. Using a multi-modal estimation of biological responsiveness, we inquired how market events and the biological responsiveness are related and detected what kind of the responsiveness is effective to improve decision making model. 3. Our agent-based simulation showed that the decision making model we got from economic experiments has a consistency to the financial stylized facts which are observed in real markets.
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| Free Research Field |
意思決定理論
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