Household Finance – Saving and Borrowing

Against the background of demographic change and increased demands on welfare systems and public pension schemes, a sustainable financial architecture for old-age provision and, thus, the stability and political acceptance of European welfare systems, is of utmost importance. Substantial differences in financial asset and debt participation as well as holdings imply, among other things, different financial preparedness for old age and different tendencies to run into financial trouble.

The SAFE research area Household Finance aims at understanding the nature of the pattern of international differences, their links to observable characteristics of households and of the economic environment. How resilient are these differences to harmonization of institutions and improvements in financial education, information flows, and quality of financial advice? The potential role of a legal framework for investor and borrower protection will be analyzed as well as the relevance of marketing of financial products.

In order to do so, this research area brings together scholars from various disciplines – macroeconomics, finance, marketing and law – which involves the use of a range of methods and techniques (analytical, computational, econometric, survey, legal, experimental). The research in this area is based on new, partly self collected international data sets.


Publications

Published Title Author/s Research Area Keywords Published
2016

Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum

Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek forthcoming in Journal of Risk and Insurance Household Finance Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension 2016
2016

Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education

Michael Kosfeld, Ulrich Schüwer forthcoming in Review of Finance Household Finance consumer education,financial literacy, bounded rationality, competition, regulation 2016
2016

Consumption Habits and Humps

Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner forthcoming in Economic Theory Household Finance Consumption hump, life-cycle utility maximization, habit formation, impatience 2016
2014

Private Enforcement of Investor Protection – is Private Law up for the Challenge? A Glance at the United Kingdom

Kosmas Kaprinis, Katja Langenbucher Vittorio Klostermann Household Finance 2014
2014

Health status and portfolio choice: Is their relationship economically relevant?

Silvia Bressan, Noemi Pace, Loriana Pelizzon International Review of Financial Analysis Household Finance Household portfolios, Health status 2014
2015

Optimal life cycle portfolio choice with variable annuities offering liquidity and investment downside protection

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla Insurance: Mathematics and Economics Household Finance dynamic portfolio choice; longevity risk; variable annuity; money-back guarantee; liquidity; retirement income 2015
2015

Keeping Households out of Financial Trouble

Michael Haliassos Cambridge University Press Household Finance 2015
2013

Risk aversion and religion

Charles N. Noussair, Stefan T. Trautmann, Nathanael Vellekoop, Gijs van de Kuilen Journal of Risk and Uncertainty Household Finance 2013
2015

Household Finance and the Law – a Case Study on Economic Transplants

Katja Langenbucher Cambridge University Press Household Finance 2015
2016

A Life-Cycle Model with Ambiguous Survival Beliefs

Max Groneck, Alexander Ludwig, Alexander Zimper Journal of Economic Theory Household Finance, Macro Finance Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles 2016
2014

Household Debt and Social Interactions

Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini Review of Financial Studies Household Finance household finance, household debt, social interactions, mortgages, consumer credit, informal loans 2014
2017

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel Journal of Pension Economics & Finance Household Finance, Macro Finance population aging, human capital, welfare, pension reform, retirement age, open economy 2017
2015

Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk

Daniel Harenberg, Alexander Ludwig International Tax and Public Finance Household Finance, Macro Finance social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out 2015
2016

Life Insurance Demand under Health Shock Risk

Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen forthcoming in Journal of Risk and Insurance Household Finance Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk 2016
2015

Financial Advice

Andreas Hackethal E. Faia, A. Hackethal, M. Haliassos, K. Langenbucher (Eds.), Financial Regulation: A Transatlantic Perspective (Cambridge University Press), pp. 245-270 Household Finance 2015

Working Papers

Title Author/s No. Research Area Year Keywords Published

Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios

Laurent Calvet, Paolo Sodini 13 Household Finance 2013 Asset allocation, communication, genetics, habit formation, human capital, labor income, leverage, participation, risk-taking, social interactions, twin study 201301

Does Mood Affect Trading Behavior?

Markku Kaustia, Elias Rantapuska 4 Household Finance 2013 mood, seasonal affective disorder (SAD), weather, trading behavior, stock market 201301

Does sophistication affect long-term return expectations? Evidence from financial advisers' exam scores

Markku Kaustia, Antti Lehtoranta, Vesa Puttonen 3 Household Finance 2013 stock return expectations, sophistication, financial literacy, adviser 201301

Stock Ownership and Political Behavior: Evidence from Demutualization

Markku Kaustia, Samuli Knüpfer, Sami Torstila 2 Household Finance 2013 Stock ownership, political behavior, salience, attention, identity 201301

Household Debt and Social Interactions

Dimitris Georgarakos, Michael Haliassos, Giacomo Pasini 1 Household Finance 2013 household finance, household debt, social interactions, mortgages, consumer credit, informal loans 201301

Consumption Habits and Humps

Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner 15 Household Finance 2013 Consumption hump, life-cycle utility maximization, habit formation, impatience 201301

Life Insurance Demand under Health Shock Risk

Christoph Hambel, Holger Kraft, Lorenz Schendel, Mogens Steffensen 40 Household Finance 2014 Health shocks, Portfolio choice, Term life insurance, Mortality risk, Labor income risk 201401

Consumption-Investment Problems with Stochastic Mortality Risk

Lorenz Schendel 43 Household Finance 2014 Stochastic mortality risk, Health jumps, Labor income risk, Portfolio choice, Insurance 201401

Critical Illness Insurance in Life Cycle Portfolio Problems

Lorenz Schendel 44 Household Finance 2014 Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice 201401

Add-On Pricing in Retail Financial Markets and the Fallacies of Consumer Education

Michael Kosfeld, Ulrich Schüwer 47 Transparency Lab, Household Finance 2014 consumer education,financial literacy, bounded rationality, competition, regulation 201401

Consumption and Wage Humps in a Life-Cycle Model with Education

Holger Kraft, Claus Munk, Frank Thomas Seifried, Mogens Steffensen 53 Household Finance 2014 Education, leisure, consumption hump, wage hump 201401

Incompatible European Partners? Cultural Predispositions and Household Financial Behavior

Michael Haliassos, Thomas Jansson, Yigitcan Karabulut 58 Household Finance 2014 Household Portfolios, Household Finance, Cultural Influences on Economic Behavior 201401

Idiosyncratic Risk, Aggregate Risk, and the Welfare Effects of Social Security

Daniel Harenberg, Alexander Ludwig 59 Household Finance, Macro Finance 2014 social security, idiosyncratic risk, aggregate risk, welfare 201401

Does Product Familiarity Matter for Participation?

Nicola Fuchs-Schündeln, Michael Haliassos 63 Household Finance 2014 household finance, familiarity, financial literacy, stockholding, household debt, social interactions, consumer credit, counterfactual analysis, German reunification 201401

Peer Effects and Risk Sharing in Experimental Asset Markets

Sascha Baghestanian, Paul Gortner, Joel van der Weele 67 Corporate Finance, Household Finance, Financial Markets 2014 peer effects, laboratory experiments, risk taking, asset markets 201401

Control Thyself: Self-Control Failure and Household Wealth

Nina Biljanovska, Spyridon Palligkinis 69 Household Finance, Macro Finance 2014 Self-Control, Household Wealth, Household Finance 201401

Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk

Daniel Harenberg, Alexander Ludwig 71 Household Finance, Macro Finance 2014 social security, idiosyncratic risk, aggregate risk, welfare, insurance, crowding out 201401

Endogenous Grids in Higher Dimensions: Delaunay Interpolation and Hybrid Methods

Alexander Ludwig, Matthias Schön 72 Household Finance, Macro Finance 2014 Dynamic Models, Numerical Solution, Method of Endogenous Gridpoints, Delaunay Interpolation 201401

A Life-Cycle Model with Ambiguous Survival Beliefs

Max Groneck, Alexander Ludwig, Alexander Zimper 73 Household Finance, Macro Finance 2014 Cumulative prospect theory, Choquet expected utility, Dynamic inconsistency, Life-cycle hypothesis, Saving puzzles 201401

Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation

Axel Börsch-Supan, Alexander Ludwig, Edgar Vogel 82 Household Finance, Macro Finance 2015 population aging, human capital, welfare, pension reform, retirement age, open economy 201501

Will They Take the Money and Work? An Empirical Analysis of People’s Willingness to Delay Claiming Social Security Benefits for a Lump Sum

Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek 84 Household Finance 2015 Annuity, lump sum, Social Security, delayed retirement, lifetime income, pension 201501

Housing Habits and Their Implications for Life-Cycle Consumption and Investment

Holger Kraft, Claus Munk, Sebastian Wagner 85 Household Finance 2015 Habit formation, life-cycle household decisions, housing expenditure share, consumption hump, stock market participation, renting vs. owning home, human capital 201501

Financial education, literacy and investment attitudes

Agar Brugiavini, Danilo Cavapozzi, Mario Padula, Yuri Pettinicchi 86 Household Finance 2015 Financial education, Financial literacy, Planning, Investment attitudes 201501

Asset Market Participation and Portfolio Choice Over the Life-Cycle

Andreas Fagereng, Charles Gottlieb, Luigi Guiso 115 Household Finance 2015 - 201501

On the Distributive Effects of Inflation

Charles Gottlieb 116 Household Finance 2015 Anticipated Inflation, Monetary Policy, Incomplete markets, Heterogeneous agents, Endogenous Asset Market Participation 201501

Predictors and Portfolios Over the Life Cycle

Holger Kraft, Claus Munk, Farina Weiss 139 Household Finance 2016 Return predictability, human capital, housing, investments, welfare 201601

The Impact of Long-Run Macroeconomic Experiences on Personality

Nathanael Vellekoop 142 Household Finance 2016 Personality traits, Big Five, Locus of control, labor market, unemployment 201601

On the Applicability of Maximum Likelihood Methods: From Experimental to Financial Data

Sven-Thorsten Jakusch 148 Household Finance 2016 Utility Functions, Model Selection, Parameter Elicitation 201601

Taming Models of Prospect Theory in the Wild? Estimation of Vlcek and Hens (2011)

Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer 146 Household Finance 2016 Prospect Theory, Parameter Elicitation, Investors Heterogeneity 201601

Taring All Investors with the Same Brush? Evidence for Heterogeneity in Individual Preferences from a Maximum Likelihood Approach

Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer 147 Household Finance 2016 Utility Theory, Maximum Likelihood, Individual Investors 201601

Putting the Pension Back in 401(k) Plans: Optimal versus Default Longevity Income Annuities

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell 150 Household Finance 2016 dynamic portfolio choice, longevity risk, variable annuity, retirement income 201601

Does feedback on personal investment success help?

Sophie Ahlswede, Steffen Meyer, Linda Urban 157 Household Finance 2016 household finance, field study, individual investors, reporting, investment mistakes, regulation 201612

The Effect of Personal Financing Disruptions on Entrepreneurship

Tobin Hanspal 161 Household Finance, Corporate Finance 2016 Entrepreneurship; Small business; Personal finance; Financial crisis; Bank defaults 201612

Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence

Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek 164 Household Finance 2017 Annuity, delayed retirement, lifetime income, pension, early retirement, Social Security 201701

The Impact of Biases in Survival Beliefs on Savings Behavior

Max Groneck, Alexander Ludwig, Alexander Zimper 169 Macro Finance, Household Finance 2017 saving puzzles, subjective survival beliefs, behavioral economics, prospect theory, neo-additive probability weighting, dynamic inconsistency, sophisticated versus naive behavior, quasi-hyperbolic discounting 201703

Older People’s Willingness to Delay Social Security Claiming

Raimond Maurer, Olivia S. Mitchell 170 Household Finance 2017 201704

Policy Papers

Year Title Author/s Research Area Keywords Year
September 2016

Das Deutsche Rentensystem: Thesen zur derzeitigen Diskussion um „Umkehr“-Reformen

Alexander Ludwig Household Finance German pension system, reform, retirement age 2016-09
November 2015

Fragmentation in the European Retail Deposit Market and Implications for Loan Availability in European Member States

Bijan Kaffenberger, Mark Wahrenburg Household Finance household finance, deposits, European market fragmentation 2015-11
November 2015

The Potential Effect of Offering Lump Sums as Retirement Payments

Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla, Tatjana Schimetschek Household Finance Social Security solvency, Pension system 2015-11
May 2014

The Fiscal Crisis as a Crisis in Trust

Michael Haliassos Household Finance fiscal crisis, household liquidity, economic reforms, Greece 2014-05
May 2014

Family Status, Social Security Claiming Options, and Life Cycle Portfolios

Andreas Hubener, Raimond Maurer, Olivia S. Mitchell Household Finance life-cycle models, household savings, investment decisions 2014-05
June 2014

Den Ruhestand optimal finanzieren

Raimond Maurer Household Finance Alterssicherung, USA, Deutschland 2014-06
July 2014

Anlegerschutz braucht mehr Eigenverantwortung

Andreas Hackethal, Thomas Schäfer Household Finance Anlegerschutz, Bankberatung, Finanzbildung 2014-07
March 2011

Stellungnahme zum Gesetzesentwurf der Bundesregierung zur Umsetzung derr OGAW-Richtlinie der EU-Kommission

Raimond Maurer Household Finance Investmentfonds, Wertpapiere, Anlegerschutz 2011-03
April 2012

Wie lässt sich der Kundennutzen der Anlageberatung steigern?

Andreas Hackethal Household Finance Anlageentscheidung, Wertpapierberatung, Risikomaße, Rendite 2012-04
September 2015

Financial Regulation: A Transatlantic Perspective

Ester Faia, Andreas Hackethal, Michael Haliassos, Katja Langenbucher Financial Institutions, Household Finance, Macro Finance banking union, microprudential regulation, macroprudential regulation, investor protection, borrower protection 2015-09

Research Projects

Category Project Researcher Project Duration Keywords Project ID Publication Count
Household Finance

Financial decision making and present bias

Andrej Gill, Florian Hett, Johannes Tischer 2017 financial mistakes, transaction data, household finance, time-inconsistency, present bias, time preferences, online experiment, randomized controlled trial, preference heterogeneity, commitment devices, nudging 21321 0
Household Finance

Assessing the impact of mandatory financial guarantees in individual retirement accounts on saving, work, and retiree wellbeing: The case of German Riester plans

Daniel Liebler, Raimond Maurer, Olivia S. Mitchell 2017 Household Finance, Riester Pension Plans, Individual Retirement Accounts, Money-back Guarantees, Pension Regulation, Welfare analysis, Longevity Risk, Annuities, Social Security Claiming, Lifecycle Portfolio Choice 21320 0
Household Finance

How Does On-line/P2P Lending Fit Into the Consumer Credit Market

Nicola Mano, Loriana Pelizzon, Paolo Tasca, Anjan Thakor, Calebe de Roure 2017 P2P lending, financial intermediation, consumer credit 21322 0
Macro Finance, Household Finance

Optimal Taxation and Education Subsidies

Fabian Becker, Dirk Krueger, Alexander Ludwig 2016 21002 1
Household Finance

Financial Networks in the Field

Paul Gortner, Joel van der Weele 2016 21650 1
Household Finance

How do Households Learn to Use a New Financial Product? Savings Behavior in the Plan, Crowd-Out, and the Role of Social Interactions

Satyajit Dutt, David Love, Nathanael Vellekoop 2016 financial products, household savings, crowd-out, social interactions, administrative data 21921 0
Financial Markets, Household Finance

Bequeathing illiquid assets across generations in an aging society

Holger Kraft, Farina Weiss 2016 demographic change, overlapping generations, household finance, asset pricing, welfare, life cycle 21660 1
Macro Finance, Household Finance

Tax treatment and inequality in labor market behavior

Nicola Fuchs-Schündeln, Paul Reimers 2016 21670 1
Household Finance, Financial Institutions

Demographic changes, optimal design of life insurance contracts and household welfare

Helmut Gründl, Martin Götz, Holger Kraft, Raimond Maurer 2016 21660 1
Financial Markets, Household Finance

Time-Varying Preferences and International Capital Markets

Giuliano Curatola, Ilya Dergunov 2016 Asset pricing, general equilibrium, heterogeneous agents, interdependent preferences, portfolio choice 21650 1
Household Finance

Get ahead of the Joneses: Social Status

Holger Kraft, Christoph Kühn, André Müller 2016 21650 1
Macro Finance, Household Finance

Financial Frictions and Inequality

Alexander Ludwig, Alexander Monge-Naranjo, Ctirad Slavik, Faisal Sohail 2016 21670 1
Household Finance, Financial Institutions

Social Networks and Informal Lines of Credit

Olga Goldfayn, Nathanael Vellekoop 2016 Personality; Household consumption and Savings 21650 1
Household Finance

Evaluating the benefits of hedging longevity risk using life annuities with liquidity options

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell 2016 21660 1
Household Finance

Equity of opportunities, educational achievement, and financial literacy

Horst Entorf, Jia Hou 2016 21670 1
Household Finance, Financial Institutions

Legal feasibility of proposed changes to the regulation of life insurance contracts

Jens Gal 2016 21660 1
Household Finance

Spreading Financial Literacy Among Peers

Alessandro Gioffré, Yuri Pettinicchi 2016 risk-sharing, financial globalisation, aggregate demand, monitoring 21650 1
Macro Finance, Household Finance

Inequality and Assortative Matching

Nicola Fuchs-Schündeln, Zhao Jin, Alexander Ludwig 2016 21670 1
Household Finance, Financial Institutions

Household liquidity risk management and insurance companies’ investment behavior

Yangming Bao, Irina Gemmo, Helmut Gründl, Martin Götz 2016 21660 1
Household Finance

Non-financial life-cycle decisions and their impact on consumption-portfolio choice with unspanned labor income

Christoph Hambel, Holger Kraft, Peter Schwamborn 2016 21392 1
Household Finance

How Insider Trading Endorses Firm Product Innovation

Jeroen Derwall, Arvid Hoffmann, Joost Pennings, Simone Wies 2016 Firm product innovation, insider trading, abnormal stock returns, signaling 21015 0
Household Finance

How to Beat the Post-IPO Innovation Drain

Christine Moorman, Simone Wies 2016 Breakthrough innovation, stock market impact, experience, IPO 21015 0
Household Finance

Entwicklung der Einkommensungleichheit in Deutschland während der Finanzkrise

Nicola Fuchs-Schündeln 2015 11340 0
Household Finance

Financial Networks in the Laboratory

Paul Gortner, Joel van der Weele 2015 21650 1
Household Finance

Shareholder Complaints and Marketing Investments

Jaakko Aspara, Arvid Hoffmann, Joost Pennings, Simone Wies 2015 Shareholder complaints, marketing investments, advertising, spillovers effects, firm value 21912 0
Household Finance

The Influence of Health Risks on the Optimal Portfolio Selection of Private Investors in the Life Cycle

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla 2015 health risk, optimal consumption decision, optimal portfolio decision, longevity risk 21391 1
Household Finance

How does lifelong learning influence consumption portfolio choice?

Christoph Hambel, Holger Kraft, Claus Munk, Peter Schwamborn, Sebastian Wagner, Farina Weiss 2014 Education, Human capital, Consumption, Leisure 11332 1
Household Finance

Determinants of Young Adults’ Financial Behavior

Victoria Serra-Sastre, Eirini Tatsi, Nathanael Vellekoop 2014 household finance, social interactions, spatial econometrics 11337 0
Household Finance

Household decisions when stocks, labor income and house prices share a common trend

Christoph Hambel, Holger Kraft, Claus Munk, Sebastian Wagner, Farina Weiss 2014 Return predictability, house prices, labor income, stock prices, human capital, time-varying expectations, optimal life-cycle consumption and investment, renting vs.owning, intertemporal hedging, stock market participation, welfare loss 11335 1
Macro Finance, Household Finance

Subjective Survival Beliefs and Savings Decisions

Nils Grevenbrock, Max Groneck, Alexander Ludwig, Alexander Zimper 2014 21002 1
Household Finance

Bonus Income and Household Saving

David Card, Nathanael Vellekoop 2014 household finance, behavioral economics, permanent income hypothesis, household bargaining 11338 0
Macro Finance, Household Finance

Housing wealth across cultures, institutional environments, and life cycles

Enzo Cerletti, Ester Faia, Michael Haliassos, Spyridon Palligkinis 2014 housing investment, status utility, bequest, portfolio decisions, borrowing constraints 11524 0
Household Finance

Consumption-portfolio Choice with Critical Illness

Christoph Hambel, Holger Kraft, Mogens Steffensen, Sebastian Wagner, Farina Weiss 2014 Health shocks, Health expenses, Labor income risk, Stochastic mortality risk, Portfolio choice 11334 1
Household Finance

Households willingness to delay Social Security benefits

Vanya Horneff, Raimond Maurer, Olivia S. Mitchell, Ralph Rogalla 2014 Life Cycle Portfolio Choice, Asset Allocation, Household Finance, Life Insurance, Social Security 11331 1
Household Finance

Household Finance: Legal and institutional framework

Kai Jungbluth, Kosmas Kaprinis, Thomas Kelm, Katja Langenbucher, Tobias Tröger 2013 Household finance, investor protection, MiFid 11329 1
Household Finance

Are financial advisors (good) match-makers?

Thomas Otter 2013 financial advice, rule based recommendations, heterogeneity, retirement saving, survey based experiments, Bayesian inference 11327 0
Household Finance

Implications of financial market imperfections for wealth and debt accumulation in the household sector

Hector Calvo-Pardo, Chryssi Giannitsarou, Andreas Hackethal, Michael Haliassos, Thomas Jansson, Yigitcan Karabulut 2013 11390 1
Household Finance

Numerical Methods in Life-Cycle Portfolio Choice with Labor Income, Housing and Biometric Risk

Holger Kraft, Claus Munk, Frank Thomas Seifried, Sebastian Wagner, Farina Weiss 2013 Labor income risk, Consumption, Portfolio choice, Insurance, Durable good 11323 1
Household Finance

How Does Household Financial Behavior Respond to Changes in the Economic Environment?

Nicola Fuchs-Schündeln, Michael Haliassos 2013 household finance, product awareness, natural experiment 11321 1
Household Finance

Culture and Household Financial Behavior

Michael Haliassos, Thomas Jansson, Yigitcan Karabulut 2013 Household Finance, Culture, Institutions, European Integration 11350 1
Household Finance

Portfolio Reporting: How to help individual Investors Learn From Past Mistakes

Sophie Ahlswede, Andreas Hackethal, Steffen Meyer 2013 Individual investor decisions, risk perception, risk reportung, financial literacy, peer benchmarking, nudges 11325 1
Household Finance

Revealed Preferences and Risk Aversion in Financial Markets - new Empirical Evidence from a Maximum Likelihood Approach

Andreas Hackethal, Sven-Thorsten Jakusch, Steffen Meyer 2013 Individual Investment behavior, round trip trades, prospect theory, expected utility, heterogeneity of preferences, time stability of preferences 11326 1

Current Research Team

Researcher Position
Busch, Christopher External Researcher, Junior Fellow
Curatola, Giuliano Assistant Professor
Dutt, Satyajit Research Assistant
Entorf, Horst Professor
Fuchs-Schündeln, Nicola Professor
Gal, Jens Assistant Professor
Gemmo, Irina Research Assistant
Gill, Andrej Assistant Professor
Gioffré, Alessandro Assistant Professor
Gründl, Helmut Professor
Götz, Martin Professor
Hackethal, Andreas Professor
Hambel, Christoph Research Assistant
Hanspal, Tobin Assistant Professor
Harenberg, Daniel External Researcher, Junior Fellow
Hett, Florian Assistant Professor
Horneff, Vanya Research Assistant
Kraft, Holger Professor
Kühn, Christoph External Researcher
Lalanne, Marie Assistant Professor
Langenbucher, Katja Professor
Liebler, Daniel Research Assistant
Ludwig, Alexander Professor
Maurer, Raimond Professor
Meyer, Steffen External Researcher
Mitchell, Olivia S. External Researcher, CFS/SAFE Fellow
Müller, André Research Assistant
Otter, Thomas Professor
Pelizzon, Loriana Professor
Rogalla, Ralph External Researcher
Schwamborn, Peter Research Assistant
Skiera, Bernd Professor
Tatsi, Eirini External Researcher
Tröger, Tobias Professor
Vellekoop, Nathanael Assistant Professor
Weiss, Farina Research Assistant
Wies, Simone Assistant Professor