Experiment Center

Ökonomische Experimente – sei es im Labor oder im Feldversuch – stellen eine wertvolle Methode dar, um die Grundlagen, Mechanismen und Auswirkungen ökonomischer Entscheidungsfindung in finanziellen Belangen und in Finanzinstitutionen zu erforschen. Die Forscher:innen des SAFE Experiment Centers verwenden diese Methode, um Schlüsselfragen zu untersuchen, zum Beispiel in den Bereichen Household Finance, Corporate Finance oder Finanzmärkte. Experimente helfen, kausale Zusammenhänge zu identifizieren, "Verhaltensheterogenität" zu messen (zum Beispiel bezüglich ökonomischer Präferenzen oder Annahmen) sowie politische Akteure bei der Bewertung von Auswirkungen bestimmter Interventionen und Institutionen zu unterstützen.

Das SAFE Experiment Center ist eine Kooperation zwischen dem Leibniz-Institut für Finanzmarktforschung SAFE und dem Frankfurt Laboratory for Experimental Economic Research FLEX.


Publikationen

Forscher/innenTitelBereichTypPubliziertKeywords
Peter Andre, Ingar Haaland, Christopher Roth, Mirko Wiederholt, Johannes WohlfartNarratives about the Macroeconomy
SAFE Working Paper No. 426
Household Finance, Experiment Center SAFE Working Paper2024Narratives, Expectation Formation, Causal Reasoning, Inflation
Julian DetempleThoughts about the Dictator and Trust Game
SAFE Working Paper No. 422
Household Finance, Experiment Center SAFE Working Paper2024
Peter Andre, Teodora Boneva, Felix Chopra, Armin FalkMisperceived Social Norms and Willingness to Act Against Climate Change
SAFE Working Paper No. 414
Experiment Center SAFE Working Paper2024
Peter Andre, Teodora Boneva, Felix Chopra, Armin FalkGlobally Representative Evidence on the Actual and Perceived Support for Climate Action
Nature Climate Change
Experiment Center Published Paper2024
Kevin Bauer, Rebecca Heigl, Oliver Hinz, Michael KosfeldFeedback Loops in Machine Learning: A Study on the Interplay of Continuous Updating and Human Discrimination
Journal of the Association for Information System
Household Finance, Experiment Center Published Paper2024
Michael Kosfeld, Zahra SharafiThe Preference Survey Module: Evidence on Social Preferences from Tehran
Journal of the Economic Science Association
Household Finance, Experiment Center Published Paper2024
Peter Andre, Marc Kaufmann, Botond KöszegiUnderstanding Markets with Socially Responsible Consumers
The Quarterly Journal of Economics
Experiment Center Published Paper2024
Peter AndreShallow Meritocracy
forthcoming in The Review of Economic Studies
Experiment Center Published Paper2024
Peter Andre, Marc Kaufmann, Botond KöszegiUnderstanding Markets with Socially Responsible Consumers
SAFE Working Paper No. 411
Experiment Center SAFE Working Paper2023
Kevin Bauer, Oliver Hinz, Moritz von ZahnExpl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing
Information Systems Research
Financial Intermediation, Experiment Center Published Paper2023XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency
Peter Andre, Carlo Pizzinelli, Christopher Roth, Johannes WohlfartSubjective Models of the Macroeconomy: Evidence From Experts and Representative Samples
The Review of Economic Studies
Experiment Center Published Paper2022
Peter AndreShallow Meritocracy
SAFE Working Paper No. 405
Experiment Center SAFE Working Paper2023
Peter Andre, Philipp Schirmer, Johannes WohlfartMental Models of the Stock Market
SAFE Working Paper No. 406
Financial Markets, Experiment Center SAFE Working Paper2023
Julian Detemple, Michael KosfeldFairness and Inequality in Institution Formation
SAFE Working Paper No. 402
Household Finance, Experiment Center SAFE Working Paper2023
Kevin Bauer, Oliver Hinz, Michael Kosfeld, Lena LiebichDecoding GPT’s Hidden ‘Rationality’ of Cooperation
SAFE Working Paper No. 401
Household Finance, Experiment Center SAFE Working Paper2023large language models, cooperation, goal orientation, economic rationality
Kevin Bauer, Oliver Hinz, Moritz von ZahnPlease Take Over: XAI, Delegation of Authority, and Domain Knowledge
SAFE Working Paper No. 394
Financial Intermediation, Experiment Center SAFE Working Paper2023
Michael Kosfeld, Zahra SharafiThe Preference Survey Module: Evidence on Social Preferences from Tehran
SAFE Working Paper No. 393
Household Finance, Experiment Center SAFE Working Paper2023
Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Intergenerational Responsibility
Journal of Economic Behavior & Organization
Household Finance, Experiment Center Published Paper2023
Myriam Hadnes, Michael Kosfeld, Björn VollanFetters of the Sib’ in an Uncertain Business Environment - An Experimental Study in Burkina Faso
Entrepreneurship & Regional Development
Household Finance, Experiment Center Published Paper2023
Andrea Essl, Michael Kosfeld, Markus Kröll, Frauke von BiebersteinSocial Preferences and Sales Performance
Journal of Economics & Management Strategy
Household Finance, Experiment Center Published Paper2023
Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael NoferThe Effects of Discontinuing Machine Learning Decision Support
SAFE Working Paper No. 370
Financial Intermediation, Experiment Center SAFE Working Paper2022
Markus EytingWhy do we Discriminate? The Role of Motivated Reasoning
SAFE Working Paper No. 356
Household Finance, Experiment Center SAFE Working Paper2022
Andrej Gill, Florian Hett, Johannes TischerTime Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments
SAFE Working Paper No. 347
Household Finance, Experiment Center SAFE Working Paper2022Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement
Markus Kröll, Devesh RustagiMeasuring Honesty and Explaining Adulteration in Naturally Occurring Markets
Journal of Development Economics
Law and Finance, Experiment Center Published Paper2022Motivation for honesty, asymmetric information, cheating, informal markets, die game, milk, India
Kevin Bauer, Oliver Hinz, Johanna Jagow, Maximilian Speicher, Moritz von ZahnThe Smart Green Nudge: Reducing Product Returns through Enriched Digital Footprints & Causal Machine Learning
SAFE Working Paper No. 363
Financial Intermediation, Experiment Center SAFE Working Paper2022
Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Intergenerational Responsibility
SAFE Working Paper No. 335
Household Finance, Experiment Center SAFE Working Paper2022
Victor Klockmann, Marie Claire Villeval, Alicia von SchenkArtificial Intelligence, Ethics, and Pivotality
SAFE Working Paper No. 336
Household Finance, Experiment Center SAFE Working Paper2022Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment
Kevin Bauer, Yan Chen, Florian Hett, Michael KosfeldGroup Identity and Belief Formation: A Decomposition of Political Polarization
SAFE Working Paper No. 409
Household Finance, Experiment Center SAFE Working Paper2023
Wenhui Li, Peter Ockenfels, Christian WildeThe Effect of Ambiguity on Price Formation and Trading Behavior in Financial Markets
SAFE Working Paper No. 326
Financial Markets, Experiment Center SAFE Working Paper2021ambiguity, financial market, market price, volatility, trading activity, bid- ask spread, market-based measure of ambiguity, laboratory experiment
Kevin Bauer, Michael Kosfeld, Ferdinand von SiemensIncentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods
SAFE Working Paper No. 318
Financial Intermediation, Experiment Center SAFE Working Paper2021
Kevin Bauer, Andrej Gill Mirror, Mirror on the Wall: Machine Predictions and Self-Fulfilling Prophecies
SAFE Working Paper No. 313
Financial Intermediation, Experiment Center SAFE Working Paper2021Algorithmic transparency, algorithmic decision support, human–machine interaction
Kevin Bauer, Oliver Hinz, Christof Weinhardt, Wil van der AalstExpl(AI)n It to Me – Explainable AI and Information Systems Research
Business & Information Systems Engineering
Financial Intermediation, Experiment Center Published Paper2021
Kevin Bauer, Rebecca Heigl, Oliver Hinz, Michael KosfeldThe Terminator of Social Welfare? - The Economic Consequences of Algorithmic Discrimination
forthcoming in Journal of the Association of Information Systems
Financial Intermediation, Experiment Center Published Paper2024
Kevin Bauer, Oliver Hinz, Moritz von ZahnExpl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing
SAFE Working Paper No. 315
Financial Intermediation, Experiment Center SAFE Working Paper2021XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency
Ferdinand von SiemensMotivated Beliefs and the Elderly’s Compliance with COVID-19 Measures
SAFE Working Paper No. 299
Law and Finance, Experiment Center SAFE Working Paper2021motivated beliefs; compliance behavior; age; health; COVID-19
Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Kosfeld, Nicolas Winfried PfeufferThe Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence
SAFE Working Paper No. 287
Financial Intermediation, Experiment Center SAFE Working Paper2020 Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning
Wenhui Li, Christian WildeSeparating the Effects of Beliefs and Attitudes on Pricing under Ambiguity
SAFE Working Paper No. 311
Financial Markets, Experiment Center SAFE Working Paper2021ambiguity, belief estimation, belief effect, ambiguity premium, laboratory experiments

Forschungsprojekte

KategorieProjektForscher/innenProjektdauerKeywordsProjekt IDPublication Count
Household Finance, Experiment Center

Overconfidence and the Gender Application Gap

Vincent Selz20242324181
Household Finance, Experiment Center

The Effect of Experienced Discrimination on Groupiness, Particularly Ingroup Favoritism

Marius Dietsch20242324171
Household Finance, Experiment Center

Leading by Example or Crowding out? The Effect of Governmental Leadership on Individuals’ Willingness to Act Against Climate Change: Follow Up

Jakob Famulok, Michael Kosfeld, Christine Laudenbach2024232416 1
Household Finance, Experiment Center

MIFID II Regulation and Scope for Motivated Sustainability Investments

Fabian Braun, Andrej Gill, Florian Hett20232324141
Household Finance, Experiment Center

Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity

Wenhui Li, Peter Ockenfels, Christian Wilde20232323041
Household Finance, Experiment Center

Cooperation of Asymmetric Players

Matthias Blonski, Steffen Eibelshäuser, Hendrik Hegemann20232322021
Household Finance, Experiment Center

Moral Licensing through ESG Investments: Causal Evidence on Individuals' Preferences and Actions

Jakob Famulok, Emily Kormanyos, Daniel Worret, Daniel Worring2023232412 1
Household Finance, Experiment Center

Mental Representations in Economic Games

Julian Detemple20232324131
Law and Finance, Household Finance, Experiment Center

Decentralized Feature Selection: Analysis of User Involvement in the Feature Selection Process of Machine Learning-based Systems

Kevin Bauer, Victor Klockmann, Jan Zacharias, Alicia von Schenk20222327011
Household Finance, Experiment Center

Leading by Example – The Causal Effect of Credible Action by Local Government on Citizens’ Motivation and Beliefs about Others to Flight Climate Change

Jakob Famulok, Michael Kosfeld, Christine Laudenbach20222324111
Household Finance, Experiment Center

Discrimination - Bank of Workers

Markus Eyting, Florian Hett20222324101
Household Finance, Experiment Center

Identity as an Excuse: Opportunistic Identity Management in Labor Markets

Kevin Bauer, Evgeniya Chabanova, Florian Hett20222324091
Household Finance, Experiment Center

The Mechanisms behind the Effect of Echo Chambers on Biased Beliefs

Andreas Grunewald, Victor Klockmann, Alicia von Schenk, Ferdinand von Siemens20222323031
Household Finance, Experiment Center

Heterogeneity in Investor Preferences for Sustainable/Green Finance

Jakob Famulok, Michael Kosfeld, Christine Laudenbach20221431061
Household Finance, Experiment Center

Strategic Self-Deception in Repeated Interaction

David Poensgen20222323021
Household Finance, Experiment Center

The Effect of Echo Chambers on Biased Beliefs

Andreas Grunewald, Victor Klockmann, Alicia von Schenk, Ferdinand von Siemens2021Communication, Echo Chambers, Biased Beliefs 2324081
Household Finance, Experiment Center

Experimental Evidence on Socially Responsible Investments – The Role of Preferences and Information

Fabian Braun, Andrej Gill, Florian Hett2021ESG; SRI; endogenous information acquisition; incentives; social preferences2324071
Household Finance, Experiment Center

Statistical Discrimination Revisited – The Role of Motivated Reasoning

Markus Eyting2021discrimination, motivated reasoning, beliefs, information2324061
Household Finance, Experiment Center

Developing Reliable and Globally Valid Measures for Economic Preferences – Worldwide Testing of the Global Preference Survey Module

Michael Kosfeld, Zahra Sharafi, Maíra Sontag González, Na Zou20212381011
Financial Markets, Experiment Center

(Tho)roughly Explained: The Impact of Algorithmic Transparency on Beliefs and Human Decision Making

Kevin Bauer, Moritz von Zahn20202323011
Household Finance, Experiment Center

Social Identity Bias in Information Processing and Information Demand

Kevin Bauer, Yan Chen, Florian Hett, Michael Kosfeld20202324051
Household Finance, Experiment Center

Experiential Learning Through FinTech Applications

Andrej Gill, Florian Hett2020experiential learning, goal setting, personal finance management, financial literacy, overconfidence2324041
Household Finance, Experiment Center

Collective Action and Institution Formation - The Role of Group Size

Julian Detemple, Michael Kosfeld20202324031
Household Finance, Experiment Center

Moral (Mis)Behavior in the Era of Big Data

Victor Klockmann, Marie Claire Villeval, Marie-Claire Villeval, Alicia von Schenk20202324021
Household Finance, Experiment Center

Moral Decisions and the Externality of AI Usage

Victor Klockmann, Marie Claire Villeval, Marie-Claire Villeval, Alicia von Schenk20202324011
Financial Intermediation, Experiment Center

Digitalization of the Financial System

Kevin Bauer, Oliver Hinz2020Digital economics; Artificial intelligence; Human machine interaction; Algorithmic Unfairness; Hybrid human-machine behavior; Algorithms; Machine Learning, Decision Making;1231011
Financial Intermediation, Experiment Center

Mirror, Mirror in the Wall: Algorithmic Assessments and Self-Fulfilling Prophecies

Kevin Bauer, Andrej Gill20201

Aktuelles Forschungsteam

ForscherPosition
Famulok, Jakob Doctoral Student
Gill, Andrej SAFE Fellow
Hett, Florian SAFE Fellow
Kosfeld, Michael Professor
Laudenbach, Christine Professor
Liebich, Lena Doctoral Student
von Siemens, Ferdinand SAFE Fellow