Paper

A thesis for a Degree

Working Paper

  • “Are Final Market Prices Sufficient for Information Aggregation? Evidence from Last-Minute Dynamics in Parimutuel Betting”
    (with Shunsuke Ishii, Suguru Otani, Kazuhiro Teramoto; 2025)
    UTMD Working Paper Series No. 093 | arXiv:2509.14645

  • “Optimal investment and reinsurance strategy for mean-variance insurers in a dependent risk model using a linear Gaussian stochastic factor model.”
    (with Hiroaki Hata and Kazuhiro Yasuda; 2025)submitted to Asia-Pacific Financial Markets (corresponding author)


Research Project

  • Preferences under Risk and Information Frictions: Evidence from High-Frequency Racetrack Betting Data (with Shunsuke Ishii, Suguru Otani, Kazuhiro Teramoto)
  • Estimation Mehtods of Expected Inflation Rates with TIPS
  • Experience Based Learning Models with an OLG Framework
  • Diagnostic Expectations and Macroeconomic Consequences via Financial Markets
  • Pricing Problem with cryptocurrencies