2012 Fiscal Year Final Research Report
Knightian Uncertainty and Money Holdings under recessions
| Project/Area Number |
22530186
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Teikyo University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
ASANO Takao 岡山大学, 大学院・社会文化科学研究科, 准教授 (40423157)
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| Project Period (FY) |
2010 – 2012
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| Keywords | ナイト流不確実性 / 不況 / 理論経済学 |
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| Research Abstract |
In this research project, we investigate money holdings under recessions using Knightian uncertainty that is wider notion than probabilistic risk. We have completed two papers and submitted international journals, one of which provides a characterization of the preferences for money holdings under uncertainty, and another of which provides an axiomatization for it.
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