PUBLICATIONS:
JOURNAL ARTICLES:
2017	“Dynamic predictor selection and order splitting in a limit order market,” Macroeconomic Dynamics, (forthcoming).
2016	“Trading profitability from Learning and adaptation on the Tokyo Stock Exchange,” Quantitative Finance 16, 969-996.
2014	“An empirical analysis of non-execution and picking-off risks on the Tokyo Stock Exchange,” Journal of Empirical Finance 29, 369-383.
2013	“Strategy switching in the Japanese stock market,” (with Hideaki Hirata) Journal of Economic Dynamics and Control 37, 2010-2022.
2012a	“Intraday technical analysis of individual stocks on the Tokyo Stock Exchange,” Journal of Banking and Finance 36, 3033-3047.
2012b	“Belief changes and expectation heterogeneity in buy- and sell-side professionals in the Japanese stock market,” (with Hideaki Hirata), Pacific-Basin Finance Journal 20, 723-744.
2011a	“Order aggressiveness, pre-trade transparency, and long memory in an order driven market,” Journal of Economic Dynamics and Control 35, 1938-1963.
2011b	“Volatility clustering and herding agents: Does it matter what they observe?” Journal of Economic Interaction and Coordination, 6, 41-59.
2010a	“Order-splitting and long-memory in an order-driven market,” (with Blake LeBaron), European Physical Journal B 75, 51-57. (SCI, Impact factor: 1.534)
2010b	“Asymmetric volatility, volatility clustering, and herding agents with a borrowing constraint,” Physica A 389, 1208-1214. (SCI, Impact factor: 1.373)
2008	“The Impact of Imitation on Long-Memory in an Order-Driven Market,” (with Blake LeBaron), Eastern Economic Journal 34, 4 504-517. (Awarded Honorable mention in the 2007-08 Eckstein Prize competition for the best article in the EEJ).
2007	“Long-Memory in an Order-Driven Market,” (with Blake LeBaron), Physica A 383, 85-89. (SCI, Impact factor: 1.373)
2006	“What Causes Persistence of Stock Return Volatility? One Possible Explanation with an Artificial Stock Market,” New Mathematics and Natural Computation 2(3), 261-270.
CURRENT RESEARCH:
		“Strategy switching in the Japanese stock market.” (with Hideaki Hirata)
	“What causes clustered and asymmetric volatility? Volatility feedback effect with herding agents.”
	“Transparency in a foreign exchange market.”
	“Evolution with Individual and Social Learning in an Agent-Based Stock Market.”
	“Dynamic predictor selection, investor types, and the price impact of trades on the Tokyo Stock Exchange.”
	“Information, locational, and speed advantages in a limit order market”
	“Hidden orders and market quality in a limit order market”
	“Institutional herding and fat-tailed returns”