Market trade under uncertainty and inductive game theory : Role of Experience and cognition

• Project/Area Number: 21730151
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Single-year Grants
• Research Field: Economic theory
• Research Institution: University of Tsukuba
• Principal Investigator: ISHIKAWA Ryuichiro University of Tsukuba, 大学院・システム情報工学研究科, 講師 (80345454)
• Project Period (FY): 2009 – 2010
• Project Status: Completed (Fiscal Year 2010)
• Budget Amount: ¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000); Fiscal Year 2010: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000); Fiscal Year 2009: ¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
• Keywords: ゲーム理論 / 高次信念 / 不確実性 / 準オプション価値 / 不可逆性 / 相互依存 / 社会的計画者 / 非対称情報 / 情報の価値 / 市場均衡理論 / 合理的期待均衡 / 高次期待 / 資産価格 / 美人投票

Research Abstract

This project analyzes market trade under uncertainty by focusing "private information" and "higher order beliefs." I analyze how acquisition of private information gives impacts to traders' higher order beliefs and asset prices. In addition, I theoretically show how the difference of economic welfare by how a policy maker understands traders' payoffs.

Research Products

• [Journal Article] Quasi-option Value under Strategic Interactions (2011)
  • Author(s): T.Fujii, R.Ishikawa
  • Journal Title: Singapore Management University Economics & Statistics Working Paper Series Volume: 04-2011 Pages: 1-35
  • NAID: 120007130760
• [Journal Article] Beauty contests and asset prices under asymmetric information, Hokkaido University, Graduate School of Economics and Business Administration Discussion Paper (2010)
  • Author(s): Ishikawa, R., N.Kudoh
  • Journal Title: Series A No.218
• [Journal Article] Beauty contests and asset prices under asymmetric information (2010)
  • Author(s): R.Ishikawa, N.Kudoh
  • Journal Title: Graduate School of Economics and Business Administration Discussion Paper, Series A 218 Pages: 1-36
  • NAID: 120001804933
• [Journal Article] Learning games (2009)
  • Author(s): N.Hanaki, R.Ishikawa, E.Akiyama
  • Journal Title: Journal of Economic Dynamics & Control 33 Pages: 1739-1756
  • NAID: 120007131467
  • Peer Reviewed
• [Presentation] Beauty contests and asset prices under asymmetric information (2011)
  • Author(s): 石川竜一郎
  • Organizer: 関東学院大学セミナー
  • Place of Presentation: 関東学院大学
  • Year and Date: 2011-03-11
• [Presentation] Social values of information under irreversible decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 国際開発学会
  • Place of Presentation: 早稲田大学
  • Year and Date: 2010-12-04
• [Presentation] Social values of information under irreversible decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 法政大学経済学研究科セミナー
  • Place of Presentation: 法政大学
  • Year and Date: 2010-10-23
• [Presentation] Social values of information under decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 日本経済学会
  • Place of Presentation: 関西学院大学
  • Year and Date: 2010-09-18
• [Presentation] Social values of information under irreversible decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 日本経済学会
  • Place of Presentation: 関西学院大学
  • Year and Date: 2010-09-18
• [Presentation] Social values of information under decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 環境経済・政策学会
  • Place of Presentation: 名古屋大学
  • Year and Date: 2010-09-11
• [Presentation] Social values of information under irreversible decision making (2010)
  • Author(s): 石川竜一郎
  • Organizer: 環境経済・政策学会
  • Place of Presentation: 名古屋大学
  • Year and Date: 2010-09-11
• [Presentation] Beauty contests and asset prices under asymmetric information (2009)
  • Author(s): 石川竜一郎
  • Organizer: 新潟大学経済学部セミナー
  • Place of Presentation: 新潟大学
  • Year and Date: 2009-10-27
• [Presentation] A Simulation Study of Learning a Structure : Mike's Bike Commuting (2009)
  • Author(s): 石川竜一郎
  • Organizer: Logic, Game Theory, & Social Choice 6
  • Place of Presentation: 筑波大学
  • Year and Date: 2009-08-29
• [Presentation] A simulation study of learning : Mike's bike commuting (2009)
  • Author(s): 石川竜一郎
  • Organizer: Logic, Game theory, and Social Choice 6
  • Place of Presentation: 筑波大学
  • Year and Date: 2009-08-27
• [Remarks] ホームページ等
  • URL: http://infoshako.sk.tsukuba.ac.jp/~ishikawa/index.html
• [Remarks]
  • URL: http://infoshako.sk.tsukuba.ac.jp/~ishikawa/index.html