2010 Fiscal Year Final Research Report
Market trade under uncertainty and inductive game theory : Role of Experience and cognition
| Project/Area Number |
21730151
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | University of Tsukuba |
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Principal Investigator |
ISHIKAWA Ryuichiro University of Tsukuba, 大学院・システム情報工学研究科, 講師 (80345454)
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| Project Period (FY) |
2009 – 2010
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| Keywords | ゲーム理論 / 高次信念 |
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| 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.
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