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Yamato Lab
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The lab combines theory and experiments to design better institutions.
AboutAbout the lab
Institution design combining theory and experiments
The Yamato Lab studies institution design to achieve efficient and fair allocation of resources.
Centered on mechanism design and experimental economics, the lab combines microeconomic theory and game theory with experiments.
Even institutions that theory shows to be good are tested in experiments with human participants to see whether they actually work in practice.
The lab is divided into a "Theory Track" and an "Experiment Track," which carry out theoretical and experimental research respectively.
Key terms
- Mechanism design
- A field that designs institutions and rules so that, even when participants pursue their own interests, the outcome is desirable for society
- Experimental economics
- A field that tests economic theories and institutions by having human participants carry out actual transactions and decisions in a laboratory
- Equilibrium
- The state in which an institution settles as a result of each participant pursuing their own interests
ResearchResearch themes
What kind of institutions should be designed to achieve efficient and fair resource allocation? The lab tackles this difficult question with an approach that combines microeconomic theory, game theory, and experimental economics.
*Illustrative imageAligning individual interests with social goals
The lab considers mechanisms in which socially desirable outcomes emerge even when participants pursue their own interests independently. Using microeconomics and game theory, it analyzes whether the equilibrium of an institution is fair and efficient.
*Illustrative imageTesting new institutions through experiments
An institution that is excellent in theory does not necessarily work well in practice. By bringing in human participants and comparing the performance of various institutions in the laboratory, the lab prevents design failures in advance.
*Illustrative imageRebuilding theory from experimental results
Even when an institution does not work as theory predicts in an experiment, the lab regards this as an opportunity to build a new theory. The field as a whole has also begun to develop theories that explain experimental results, drawing on methods from sociology, psychology, and other disciplines.
MembersFaculty
The lab's members include faculty and students at the doctoral, master's, and undergraduate levels.
- ProfessorTakehiko Yamato
VoicesStudent voices
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Report an errorAbout the images
The top and research theme images are illustrative and were not taken at the lab. They are cropped from Wikimedia Commons images. Cropped CC BY-SA images are provided under the same CC BY-SA license as the original (version shown on each line).
- Top image: “Crosby Garrett Helmet on auction at Christies” Portable Antiquities Scheme from London, England / CC BY 2.0 (cropped)
- Aligning individual interests with social goals: “Schachbrett” Dietmar Rabich / CC BY-SA 4.0 (cropped)
- Testing new institutions through experiments: “Tacoma-narrows-bridge-collapse” 作者不詳 / Public domain (cropped)
- Rebuilding theory from experimental results: “National Diet Building” Kakidai / CC BY-SA 4.0 (cropped)
- Related lab (福田研究室): “Chess pieces close up” Aaaatu / CC BY-SA 4.0 (cropped)
- Related lab (小笠原研究室): “Former Kaichi School 2009” Wiiii / CC BY-SA 3.0 (cropped)
- Related lab (梅室研究室): “Quori socially interactive robot platform IMG” Mary Mark Ockerbloom / CC BY-SA 4.0 (cropped)
- Related lab (松井研究室): “Simplex-method-3-dimensions” User:Sdo / CC BY-SA 3.0 (cropped)
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