Network


Latest external collaboration on country level. Dive into details by clicking on the dots.

Hotspot


Dive into the research topics where Makoto Shimoji is active.

Publication


Featured researches published by Makoto Shimoji.


Journal of Economic Theory | 1998

Conditional Dominance, Rationalizability, and Game Forms

Makoto Shimoji; Joel Watson

We propose a notion of conditional dominance for games whose representations designate information sets. We prove that iterated conditional dominance is equivalent to extensive form rationalizability. We also conduct a general analysis of these concepts, yielding new insights on rationalizability and on the equivalence of solutions when applied to different representations of a game.


Games and Economic Behavior | 2004

On the equivalence of weak dominance and sequential best response

Makoto Shimoji

In this paper, we identify the conditions under which a strategy is weakly dominated if and only if it is not sequential best response. In addition, we explore the implication for extensive form rationalizability.


Econometrica | 2015

A Comment on “Can Relaxation of Beliefs Rationalize the Winner's Curse?: An Experimental Study”

Miguel A. Costa-Gomes; Makoto Shimoji

Ivanov, Levin, and Niederle (2010) use a common‐value second‐price auction experiment to reject beliefs‐based explanations for the winners curse. ILNs conclusion, however, stems from the misuse of theoretical arguments. Beliefs‐based models are even compatible with some observations from ILNs experiment.


Games and Economic Behavior | 2012

Outcome-equivalence of self-confirming equilibrium and Nash equilibrium

Makoto Shimoji

We introduce a condition, Nash-equivalent self-confirming equilibrium. If beliefs are assumed to be independent and unitary, Nash-equivalent self-confirming equilibrium and Nash equilibrium are outcome-equivalent. We show that the set of Nash-equivalent self-confirming equilibria and the set of self-confirming equilibria which are outcome-equivalent to Nash equilibria coincide. Our condition identifies the collection of information sets and requires the existence of beliefs shared by (certain sets of) players regarding these information sets. If the information sets are off the equilibrium path, the beliefs regarding them do not have to be correct. Our condition is weaker than that of strongly consistent self-confirming equilibrium by Kamada (2010).


Canadian Parliamentary Review | 2004

Subjective probabilities: psychological theories and economic applications

Abbigail J. Chiodo; Massimo Guidolin; Michael T. Owyang; Makoto Shimoji


Economic Theory | 2002

On forward induction in money-burning games

Makoto Shimoji


Journal of Mathematical Economics | 2014

Theoretical approaches to lowest unique bid auctions

Miguel A. Costa-Gomes; Makoto Shimoji


Archive | 2003

Subjective probabilities: psychological evidence and economic applications

Abbigail J. Chiodo; Massimo Guidolin; Michael T. Owyang; Makoto Shimoji


Games and Economic Behavior | 2015

Implementation without Incentive Compatibility: Two Stories with Partially Informed Planners

Makoto Shimoji; Paul Schweinzer


B E Journal of Theoretical Economics | 2012

On Rationalizability and Beliefs in Discrete Private-Value First-Price Auctions

Jack Robles; Makoto Shimoji

Collaboration


Dive into the Makoto Shimoji's collaboration.

Top Co-Authors

Avatar
Top Co-Authors

Avatar
Top Co-Authors

Avatar

Joel Watson

University of California

View shared research outputs
Top Co-Authors

Avatar

Michael T. Owyang

Federal Reserve Bank of St. Louis

View shared research outputs
Top Co-Authors

Avatar
Top Co-Authors

Avatar

Jack Robles

Victoria University of Wellington

View shared research outputs
Researchain Logo
Decentralizing Knowledge