Universität Erfurt


Prof. Dr. Hirokazu Takizawa: Fellow

Universität Erfurt

Max-Weber-Kolleg für kultur- und sozialwissenschaftliche Studien

Postfach 900 221

99105 Erfurt



  • 1997-2002 Lecturer, Department of Economics, Toyo University
  • 2000-2001 Visiting Scholar, Stanford Institute for Economic Policy Research
  • 2002-2003 Assistant Professor, Department of Economics, Toyo University
  • 2002-2003 Faculty Fellow, Research Institute of Economy, Trade and Industry
  • 2003-2004 Deputy Director of Research, Research Institute of Economy, Trade and Industry
  • 2003-2007 Fellow, Research Institute of Economy, Trade and Industry
  • Since 2007 Research Coordinator, Virtual Center for Advanced Studies in Institutions
  • 2007-2009 Associate Professor, Department of Global Studies, Tama University
  • 2009-2010 Part-time Lecturer, School of Political Sciences and Economics, Waseda University
  • 2009-2010 Associate Professor, Department of Economics, Chuo University
  • Since 2010 Shihan, Fushiki-juku (http://www.fushikian.jp)
  • Since 2010 Professor, Department of Economics, Chuo University


  • Game theory
  • Comparative institutional analysis
  •  Behavioral game theory and experimental economics
  •  Philosophy of social sciences/economics


“Emerging conceptions of humans, transformations of economics, development of technology, and new social design/initiatives”

Throughout the most of the 20th century, neoclassical economics was the mainstream, which builds economic theories on several intuitively plausible axioms on human behavior. This tide has changed since the latter half of the 20th century; A new approach has emerged since then that focuses on “real” behavior of human agents, spawning new branches in economics: behavioral economics and neuroeconomics. The new approach tends to treat humans as the objective of natural-scientific investigations, and thus suggest “naturalistic” conception of humans. From a different perspective that focuses on human behavior in the social contexts, another view of humans has emerged that puts emphasis on the “sociality” of human beings. So today we have three conceptions of humans that emerged from different fields of economic study: (1) traditional conception of rational and autonomous humans, (2) naturalistic conception of humans, and (3) institutional conception of humans. 

We seem to be inclined to think that the shape of an ideal society may be deduced from the theory on human nature. This may be actually happening today again. We are witnessing the emergence of some new conceptions of social institutions that have the potential of drastically changing the constitution of our society, even undermining the values that have supported modernity. Furthermore, these emerging conceptions of social institutions seem to be strongly affected by the recent development of ICT/AI and its rapid permeation into the society. Therefore it seems worthwhile to investigate the origin of this tendency in social science research and explore its implication to our society in a wider context. I will employ the currently developing framework of the theory of institutions that focuses on belief changes in the society. The specific questions I pose in this research project are:

(1) What caused the shift of conception of humans/society in economics?
(2) How can this process be explained by the existing theories of institutions?
(3) What will be the locus of “rationality” in the resultant conceptions of humans?

(4) How are the new social initiatives actually going on, especially in Japan?



  1. ”Quantal Response Equilibria in a Generalized Volunteer’s Dilemma and Step-level Public Goods Games with Binary Decision,” (with Toshiji Kawagoe and Taisuke Matsubae), Evolutionary and Institutional Economics Review, 2017, online first
  2. “The Skipping-down Strategy and Stability in School Choice Problems with Affirmative Action: Theory and Experiment,” (with Toshiji Kawagoe and Taisuke Matsubae), Games and Economic Behavior, 2017, in press.
  3. ”Masahiko Aoki's Conception of Institutions,” Evolutionary and Institutional Economic Review, Vol. 14, pp. 523-540, 2017.
  4. "Emerging conceptions of humans in the recent development of economics and their impact on our society", Japanese Journal of Research on Emotion, Vol.22, pp.136-140, 2015 (in Japanese).
  5. "Level-k analysis of experimental centipede games," (with Toshiji Kawagoe) Journal of Economic Behavior and Organization, Vol. 82, pp.548-566, 2012.
  6.  “Revisiting Friedman’s Methodology of Positive Economics: Reevaluation from the viewpoint of the Semantic Conception of Theories,” Keizaigaku Ronsan, Chuo University, Vol. 54, pp.239-275, 2012 (in Japanese) .
  7. "An Experimental Study of E-mail Games with Strategic Information Transmission and Communication Cost," (with Toshiji Kawagoe) Economic Bulletin, Vol. 32 No. 4 pp. 2921-2929. 2012.
  8. “Can Behavioral Economics and Neuroeconomics Change the Standard Economics?” Public Choice Studies, Vol. 54, pp.67-75, 2010 (in Japanese).
  9. "Equilibrium Refinement vs. Level-k Analysis: An Experimental Study of Cheap-talk Games with Private Information," (with Toshiji Kawagoe), Games and Economic Behavior, Vol.66, No.1, 238-255, 2009.
  10. "Increasing Complexity of Artifacts and the Product Architecture," (with M. Okuno, Y. Watanabe), Keizaigaku Ronshu, the University of Tokyo, Vol.73, No.11, pp.103-129, 2007 (in Japanese)
  11. "Coordinating Antitrust Policies Against International Cartels," (with T. Kawagoe, H. Iwanari, T. Matsubae), Economics Bulletin, Vol. 4 no. 25 pp.1-11, 2007.
  12. "Information, Incentives and Option Value," (with M. Aoki), Journal of Comparative Economics, Elsevier, Vol. 30, pp.759-786, 2002.


  1. Economic Policy, Keio University Press, 2016 (in Japanese, with T. Ozawa, Y. Tsukahara, M. Nakagawa, A. Maeda, K. Yamashita): 7 chapters.
  2. Is Neuroeconomics Necessary for Economists?, Kawade Books, 2013 (in Japanese, with T. Kawagoe, Y. Otsubo, H. Ohira, T. Shimokawa, K. Hashimoto, K. Yagi, K. Yoshida): 1 chapter.
  3. School Choice: A Game Theoretic Approach, NTT Publishing, 2010 (in Japanese, ed. Y. Yasuda): 1 chapter.
  4. Pension Scheme and Individual Ownership, NIRA, 2007 (in Japanese, ed. K. Komamura): 1 chapter.
  5. Education, Family and Employment System in the Mature Society, NTT Publishing, 2005 (in Japanese, ed. K. Asano): 1 chapter.
  6. Reform of the Budget System in Japan, Toyo Keizai Shinposha, 2004, (in Japanese, eds., M. Aoki and K. Tsuru): 1 chapter.
  7. Ownership and Governance of Enterprises, Palgrave Macmillan, 2003 (ed. L. Sun): 1 chapter.
  8. ICT and the Transformation of the Economic System, Toyo Keizai Shinposha, 2001 (in Japanese, eds., N. Ikeda and M. Okuno): 1 chapter.
  9. Comparative Institutional Analysis of the Economic Systems, the University of Tokyo Press, 1996 (in Japanese, eds., M. Aoki and M. Okuno): 3 chapters.


  • Aoki, M. (2001), Towards a Comparative Institutional Analysis, MIT Press (translation with Kazuhiro Taniguchi published by NTT publishing in 2001)
  • McMillan, J. (2002), Reinventing the Bazaar: A Natural History of Markets, W. W. Norton & Co (translation with Yuji Kimura published by NTT publishing in 2007)
  • Heath, J. (2008), Following the Rules: Practical Reasoning and Deontic Constraint, Oxford University Press (translation published by NTT publishing in 2013)
  • Herrmann-Pillath, C. and I. Boldyrev (2014), Hegel, Institutions, and Economics, Routledge (translation in progress to be published by NTT publishing)




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