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Toru Suzuki
University of Technology, Sydney
  1. Directives, Expressives, and Motivation.Toru Suzuki - 2017 - Theoretical Economics 12:175–210.
    When an agent’s motivation is sensitive to how his supervisor thinks about the agent’s competence, the supervisor has to take into account both informational and expressive contents of her message to the agent. This paper shows that the supervisor can credibly express her trust in the agent’s ability only by being un- clear about what to do. Suggesting what to do, i.e., “directives,” could reveal the supervisor’s “distrust” and reduce the agent’s equilibrium effort level even though it provides useful information (...)
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  2. Efficient Communication and Indexicality.Toru Suzuki - forthcoming - Mathematical Social Sciences.
    Since sending explicit messages can be costly, people often utilize “what is not said,” i.e., informative silence, to economize communication. This paper studies the efficient communication rule, which is fully informative while minimizing the use of explicit messages, in cooperative environments. It is shown that when the notion of context is defined as the finest mutually self-evident event that contains the current state, the efficient use of informative silence exhibits the defining property of indexicals in natural languages. While the efficient (...)
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  3. Choice Set Dependent Performance and Post-Decision Dissonance.Toru Suzuki - 2019 - Journal of Economic Behavior and Organization 163:24-42.
    A decision maker (DM) selects a project from a set of alternatives with uncertain productivity. After the choice, she observes a signal about productivity and decides how much effort to put in. This paper analyzes the optimal decision problem of the DM who rationally filters information to deal with her post-decision cognitive dissonance. It is shown that the optimal effort level for a project can be affected by unchosen projects in her choice set, and the nature of the choice set-dependence (...)
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  4. Suzuki Toru Chosakushu.Toru Suzuki - 1996
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    Complementarity of Behavioral Biases.Toru Suzuki - 2012 - Theory and Decision 72 (3):413-430.
    I investigate the complementarity of behavioral biases in a simple investment problem. The agent has incomplete knowledge about the correlation between fitness and the decision environment. Nature endows the agent with a decision procedure so that the induced action can reflect this correlation. I show that the agent with this decision procedure always exhibits (i) present biased time preference, (ii) distorted beliefs, and (iii) cognitive dissonance. The three biases are complements and the absence of one of them destroys the value (...)
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