Poverty Trap and Knightian Uncertainty

2017 Fiscal Year Final Research Report

• Project/Area Number: 26380240
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Economic theory
• Research Institution: Okayama University
• Principal Investigator: Asano Takao 岡山大学, 社会文化科学研究科, 教授 (40423157)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Keywords: ナイト流不確実性

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.

Free Research Field

意思決定理論