Monday, December 13, Kyoto Sangyo University

15:15-15:30 Welcome Remarks from Prof. Toyoh Sakai, the President of Kyoto Sangyo University
15:30-16:30 Prof. Smith's Public Speech: Markets, Capital Markets, and Globalization
16:30-17:00 Questions and Answers
17:00-17:15 Ceremony: the presentation of a honorary degree to Prof. Smith

Tuesday, December 14, Okayama International Hotel

Notice: Invited speakers' papers will be included in the Conference book, which will be published in 2005 by Springer Verlag.
12:00-13:00 Registration
13:00-13:30 Opening Remarks of the Conference
13:30-15:00 Invited Session 1: Ido Erev (Chair: S. H. Oda)
"On the economics of small decisions"
15:00-15:30 Coffee Break
15:30-17:00 Invited Session 2: James Cox (Chair: Y. Iida)
"Trust, Fear, Reciprocity, and Altruism: Theory and Experiment"
17:00-17:30 Coffee Break
17:30-19:00 Invited Session 3: Robin Hogarth (Chair: K. Nagase )
"Behavioral decision making at 50: Achievements, prospects, and challenges"
19:00-20:30 Buffet Supper

Wednesday, December 15, Okayama International Hotel

Notice: Invited speakers' papers will be included in the Conference book, which will be published in 2005 by Springer Verlag.
8:30-10:00 Invited Session 4: Shyam Sunder (Chair: H. Yamaji)
"Why Experimental Finance?"
10:00-10:30 Coffee Break
10:30-12:00 Invited Session 5: Daniel Friedman (Chair: A. Namatame)
"Cheating in Markets: A Methodological Exploration"
12:00-13:00 Lunch
13:00-14:30 Invited Session 6: Paul Bourgine (Chair:K. Ueda)
"Cognitive economics as a new research program"
14:30-14:45 Closing Remarks of the Okayama Sessions


The programme was finalized on December 9, 2004.

Thursday, December 16, Kyoto Sangyo University

9:00-10:30 Room II Registration and Opening Remarks

Parallel Session 1A: Market 1
Chair: A. Namatame
10:45-12:15 Room Ia
"Competitive Burnout in the Laboratory: Equilibrium Selection in a Two-Stage Sequential Elimination Game"
J. Atsu amegashie (University of Guelph)
C. Bram Cadsby (University of Guelph)
Yang Song (University of Guelph)
Discussant: Utteeyo Dasgupta
"Exploring Elements of Exchange Rate Theory in a Controlled Environment"
Eric O'N Fisher (The Ohio State University)
Discussant: Nariaki Nishino
"Price Competition between Price Setting Middlemen in the Laboratory Setting"
Kazuhito Ogawa (Kyoto University)
Kouhei Iyori (Kyoto Sangyo University)
Sobei. H. Oda (Kyoto Sangyo University)
Discussant: Chairs Kasliris

Parallel Session 1B: Public Goods 1
Chair: Y. Iida
10:45-12:15 Room Ib
"Trust and Reciprocity: The Differing Norms of Individuals and Group Representatives"
Fei Song (York University)
Discussant: Robert F. Veszteg
"Economic ties and social dilemmas"
Daan van Soest (Tilburg University)
Jana Vyrastekova (University of Amsterdam)
Discussant: Eizo Akiyama
"Does Observation of Others Affect People's Cooperative behavior? An Experimental Study on Threshold public Good Games"
Yasuyo Hamaguchi (Kyoto Sangyo University)
Discussant: Michael E. Price

Parallel Session 1C: Co- Creative Decision Making 1
Chair: K. Ueda
10:45-12:15 Room II
"Co-Creative Decision Making in Artifactual Systems in Consideration of Bounded Rationality "
Tomomi Kito (The Unversity of Tokyo)
Nobutada Fujii (The Unversity of Tokyo)
Kanji Ueda The (Unversity of Tokyo)
Discussant:
"Verification Process of the Investment Option of Common Goods by a New City Management(Medi-Square) Model Based on Next-Generation Technology "
Sawako Takeuchi (The University of Tokyo)
Atsushi Doi (Mitsubishi Electric Corporation)
Mari Tanaka (The University of Tokyo)
Discussant:

Parallel Session 2A: Market 2
Chair: K. Iyori
13:15-14:45 Room Ia
"Experimental Studies on the Value of Information in Financial Markets with Heterogeneously Informed Agents"
Jurgen Huber (University of Innsbruck)
Michael Kirchler (University of Innsbruck)
Matthias Sutter (Jena)
Discussant: Tatsuhiko Kato
"Willingness- to- pay for Expressways "
Metin Senbil (Hiroshima University)
Ryuichi Kitamura (Kyoto University)
Discussant: Ryoko Wada
"The Effects of Compensation Schemes on Self-Selection and Work Productivity: An Experimental Investigation"
C. Bram Cadsby (Unversity of Guelph)
Fei Song (York University)
Francis Tapon (Unversity of Guelph)
Discussant: Jean Louis Rulliere

Parallel Session 2B: Public Goods 2
Chair: Y. Hamaguchi
13:15-14:45 Room Ib
"Trust and Reciprocity: Groups versus Individuals and Behavior versus Perceptions"
Fei Song (York University)
Discussant: Shunichiro Sasaki
" The Way Out of the Trap Experiments on Dynamic Coordination Games"
Jordi Brandts (Center of the Spanish Council for Scientific Research)
Agnes Pinter (Universitat Autonoma de Barcelona)
Discussant: Gen Masumoto
"The Effect of Group Competition in the Prisoner's Dilemma Game"
Yoshio Iida (Kyoto Sangyo University)
Discussant: Arthur Schram

Parallel Session 2C: Co- Creative Decision Making 2
Chair: S. Takeuchi
13:15-14:45 Room II
"Charting the Market:Fundamental and Chartist Strategies in a Participatory Stock Market Experiment"
Laszlo Gulyas (Hangarian Academy of Sciences)
Discussant:
"A study on Virtual Market for Pareto Optimal Mediation"
Toshiya Kaihara (Kobe University)
Susumu Fujii (Kobe University)
Discussant:
Kanji Ueda (University of Tokyo)
Discussant:

15:00-16:30 Room II Keynote Speech:
Vernon L. Smith (George Mason University)
"Foundations of Experimental Economics, Economic Design and Applications"

Friday, December 17, Kyoto Sangyo University

8:30-9:00 Room II Registration

Parallel Session 3A: Market 3
Chair: A. Iwasaki
9:00-10:30 Room Ia
"Minding Your Own Business"
Utteeyo Dasgupta(University of Arizona)
Discussant: Dao-Zhi Zeng
"Recycling of Durable Goods: modeling and Experiments"
Nariaki Nishino (The Unversity of Tokyo)
Hiroki Nakayama (The Unversity of Tokyo)
Sobei. H. Oda (Kyoto Sangyo University)
K. Ueda (The Unversity of Tokyo)
Discussant: Arthur Schram
"Game theory and history of economic thought: The Cournot-Walras Correspondence as a test of the effectiveness of cheap talk in achieving efficient outcomes."
Regis Deloche (Universite de France-Comte)
Discussant: Kouhei Iyori

Parallel Session 3B: Public Goods 3
Chair: G. Masumoto
9:00-10:30 Room Ib
"Experimental Evidence on the Multibidding Mechanism"
David Perez-Castrillo (Universitat Autonoma de Barcelona)
Robert F. Veszteg (Universitat Autonoma de Barcelona)
Discussant: Fei Song
"Monitoring, reputation, and "greenbeard" reciprocity in a real-life public good game among the Shuar of Ecuador"
Michael E. Price (Indiana University Workshop in Political Theory and Policy Analysis)
Discussant: Takemi Fujikawa
" Robustness against Longer Memory Strategies in Evolutionary Games"
Eizo Akiyama (University of Tsukuba)
Discussant: Plamen P. Doudov

Parallel Session 3C: Accounting and Economics 1
Chair: K. Shimomura
9:00-10:30 Room II
"The Roles of Transfers and Participation Constraints in Trade Negotiations"
Shyam Sunder (Yale University)
Koichi Hamada (Yale University)
Discussant:
"Why Do Economists Favor Free Trade but Politicians Don't ?"
Koichi Hamada (Yale University)
Shyam Sunder (Yale University)
Discussant:
"Equilibration of Real Financial Markets: Theory and Experimental Evidence"
Peter Bossaerts (California Institute of Technology)
Discussant:

Parallel Session 4A: Monitoring
Chair: N. Nishino
10:45-12:15 Room Ia
"Never Seek that by Foul Means - Monitoring-, Which You May Have by Fair '- Financial Reporting: An Experimental Study"
Jean Louis Rulliere (Group d' Analyse et de Theorie Economique and CNRS)
Hind Sami (Group d' Analyse et de Theorie Economique and CNRS)
Discussant: Taiki Takahashi
"Audit Credibility and the Audit Purchasing Costs: A Theory and an Experimental Investigation"
Tatsuhiko Kato (Meiji University)
Discussant: Hakan J. Holm

Parallel Session 4B: Decision Making 1
Chair: E. Akiyama
10:45-12:15 Room Ib
"Signal Qualities, Order of Decisions, and Informational" Cascades: Experimental Evidences
Shunichiro Sasaki (Osaka University)
Discussant: Regis Deloche
"Neighborhood Information Exchange and Voter Participation: An Experimental Study"
Dean Karlan Princeton University
Jens Grosser (CREED)
Arthur Schram (CREED)
Discussant: Satoru Mizutani
"Marginal Contribution of Information to Profit in a Zero-sum Game"
Hiroyasu Yoneda (Kyoto Sangyo University)
Gen Masumoto (Kyoto Sangyo University)
Sobei H. Oda (Kyoto Sangyo University)
Discussant: Christiane Schwieren

Parallel Session 4C: Accounting and Economics 2
Chair: H. Yamaji
10:45-12:15 Room II
"Independence in Appearance and in Fact: An Experimental Investigation"
Nick Dopuch (Washington University)
Ronard R. King (Washington University )
Rachel Schwertz (Washington University)
Discussant: Norio Sawabe (Kyoto University)
Hidetoshi Yamaji (Kobe University)
Discussant:

Parallel Session 5A: Mechanism Design
Chair: Fei Song
13:15-14:45 Room Ia
"Amended Final Offer Arbitration is Promising: Evidence from the Laboratory "
Cary Deck (University of Arkansas)
Amy Farmer (University of Arkansas)
Dao-Zhi Zeng (Kagawa University)
Discussant: Atsushi Iwasaki
"Competition with Forward Contracts: A Laboratory Analysis Motivated by Electricity Market Design"
Jordi Brandts (Center of the Spanish Council for Scientific Research)
Paul Pezanis-Christou (Center of the Spanish Council for Scientific Research)
Arthur Schram (CREED)
Discussant: Takayuki Nozawa
"Combinatorial Auction Design for Bandwidth Trading: An Experimental Study "
Chairs Kaskiris (University of California, Berkeley)
Rahul Jain (University of California, Berkeley)
Ram Rajagopal (University of California, Berkeley)
Pravin Varaiya (University of California, Berkeley)
Discussant: Eric O'N Fisher

Parallel Session 5B: Decision Making 2
Chair: K. Nagase
13:15-14:45 Room Ib
"Commuters' Perception of Travel Time and Uncertainty Under Congestion Pricing: Results of Six-Week Field Experiment "
Kengo Ushiwaka (Kyoto University)
Akira Kikuchi (Kyoto University)
Ryuichi Kitamura (Kyoto University)
Discussant: C. Bram Cadsby
"How Does Overconfidence Affect Individual Decision Making"
Volha Baranava CERGE-EI
Zvezda Dermendzhieva (CERGE-EI)
Plamen P. Doudov (CERGE-EI)
Vitaliy Strohush (CERGE-EI)
Discussant: Yasuyo Hamaguchi
"Bayesian Updating in Experiment: Good News and Bad News in Small Feedback-Based Decision Problems"
Takemi Fujikawa (University of Western Sydney)
Sobei H. Oda (Kyoto Sangyo University)
Discussant: Jana Vyrastekova

Parallel Session 5C: Artificial Market
Chair: H. Kita
13:15-14:45 Room II
"Introducing Virtual Futures Market System "U-Market""
Yoshihiro Nakajima (Osaka City University)
Isao Ono (University of Tokushima)
Hiroshi Sato (National Defense Academy)
Naoki Mori (Osaka Prefecture University)
Hajime Kita (Kyoto University)
Hiroyuki Matsui (Kyoto University)
Kazuhisa Taniguchi (Kinki University)
Hiroshi Deguchi (Tokyo Institute of Technology)
Takao Terano (University of Tsukuba )
Yoshinori Shiozawa (Osaka City University)
Discussant: Toshiji Kawagoe
"Usefulness and feasibility of market maker in a thin market"
Yoshihiro Nakajima (Osaka City University )
Yoshinori Shiozawa (Osaka City University )
Discussant:
"Analyse the complexity of the financial time series using artificial market"
Jungo Ueki (Osaka City University)
Yoshihiro Nakajima (Osaka City University)
Discussant: Hiroyuki Matui

Parallel Session 6B: Decision Making 3
Chair: T. Fujikawa
15:00-16:30 Room Ib
"Separation of Intertemporal Substitution and Time Preference Race from Risk Aversion: Experimental Analysis"
Ryoko Wada (Keiai University)
Sobei H. Oda (Kyoto Sangyo University)
Discussant: Jurgen Huber
"FRAMES AND GAMES"
Jordi Brandts (Center of the Spanish Council for Scientific Research)
Christiane Schwieren (Universitat Pompeu Fabra)
Discussant: Yoshio Iida
"A Regression Model of Group Rationality by Member Rationality and Characteristics: Group Decision-making under Limited Rationality by Problem-solving and Persuasion"
Satoru Mizutani (Kyoto Sangyo University)
Fumihiko Goto (Kyoto Sangyo University)
Discussant: Agnes Pinter

Parallel Session 6C: Psychology
Chair: Y. Nakajima
15:00-16:30 Room II
"Neuroendocrine modulation of social memory and economic decision making"
Taiki Takahashi (Hokkaido University)
Discussant: C. Bram Cadsby
"Biases in Bluffing - Theory and Experiments economic Decision-making"
Hakan J. Holm (Lund University)
Discussant: Metin Senbil

16:45-18:15 Room II Closing Lecture:
Tatsuyoshi Saijo (Osaka University)
"Design Science: A Prelude"