|Budget Amount *help
¥3,640,000 (Direct Cost: ¥2,800,000、Indirect Cost: ¥840,000)
Fiscal Year 2017: ¥130,000 (Direct Cost: ¥100,000、Indirect Cost: ¥30,000)
Fiscal Year 2016: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Fiscal Year 2014: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
|Outline of Final Research Achievements
This study explores the need for reform of Japanese securities regulations by applying insights from behavioral economics to policy design. There is more to be said about such issues are yet to be discussed in Japan.
If one of the aims of securities regulations is to protect investors, regulators should realize the weakness of investors who are susceptible to cognitive biases appeared on investment activities.
By applying insights from behavioral economics to the process of soliciting and selling financial products, retail investors can protect themselves from problematic self-determination which affected by cognitive biases.