Publication:

English (refereed):

• "Intertemporal Utility Smoothing: Theory and Applications," forthcoming in Japanese Economic Review.

• "Intertemporal Utility Smoothing under Uncertainty," forthcoming in Theory and Decision.

• "An Infinite-horizon Model of Nonmonotone Utility Smoothing," Economics Letters, Vol.116, 2012, pp.170-173.

• "Modeling Nonmonotone Preferences: The Case of Utility Smoothing," Journal of Mathematical Economics, Vol.47(2), March 2011, pp.213-226.

• "A Model of Utility Smoothing," Econometrica, Vol.76(1), January 2008, pp.137-153.

• "A Note on Recursive Multiple-Priors," Journal of Economic Theory, Vol.135(1) July 2007, pp.567-571.

• "Aggregation under Homogeneous Ambiguity: A Two-Fund Separation Result," Economic Theory, Vol.30 No.2 February 2007, pp.363-372.

Japanese (refereed):

• "An Econometric Model of the Japanese Market for Higher Education under Quantitative Restrictions: Why Do We Still Have Intense Competition for College Edntrance?," (with Seiritsu Ogura) JCER Economic Journal, Vol.21 May 1991, pp.14-33.

Working papers:

Papers that are not posted on this web page can be obtained upon an email request.

• "An Alternative Axiomatization of Intertemporal Utility Smoothing," October 2012.

• "Risk Non-Separability without Force of Habit," February 2007.

• "Loss Aversion in Recursive Preferences," July 2011.

Work in progress:

• "On Implementation of a Momentum Strategy."

• "Short-Sale Constraints in Dynamic Programming When the Economy is Growing."

Dissertation:

"Linking Behavioral Economics, Axiomatic Decision Theory and General Equilibrium Theory," Yale University, Ph.D. 2002

Chapter 2: "A Model of Consumption Smoothing with an Application to Asset Pricing"

Chapter 3: "Conditions for Dynamic Consistency and No-Trade Theorem under Multiple Priors

Chapter 4: "Aggregation of Agents with Multple Prios and Homogeneous Equilibrium Behavior