Experiment Center

Economic experiments – be it in the lab or the field – provide a valuable method to explore the foundations, mechanisms, and implications of economic decision-making in financial contexts and institutions. Researchers at the SAFE Experiment Center use this method to study key questions, for example, in household finance, corporate governance, or financial markets. Experiments help to identify causal relations, measure “behavioral heterogeneity” (e.g., in economic preferences or beliefs), as well as assist policymakers in evaluating the effects of particular interventions and institutions.

The SAFE Experiment Center is a collaboration between the Leibniz Institute for Financial Research SAFE and the Frankfurt Laboratory for Experimental Economic Research FLEX.

SAFE is pleased to have support the development of the Behavioral Measurement Toolbox (BMT), a standardized research platform that enables researchers to implement incentivized behavioral measurements through controlled decision tasks without requiring programming expertise or dedicated IT infrastructure.


Publications

Author/s Title Area Type Published
Peter Andre, Felix Chopra, Luca Michels, Johannes Wohlfart Do People Have Economic Expectations?
SAFE Working Paper No. 475
Household Finance, Experiment Center SAFE Working Paper 2026
Benjamin M. Abdel-Karim, Kevin Bauer, Rebecca Heigl, Oliver Hinz, Michael Kosfeld, Nicolas Winfried Pfeuffer The Terminator of Social Welfare? - The Economic Consequences of Algorithmic Discrimination
forthcoming in Journal of the Association of Information Systems
Financial Intermediation, Experiment Center Published Paper 2026
Peter Andre, Teodora Boneva, Felix Chopra, Armin Falk Misperceived Social Norms and Willingness to Act Against Climate Change
forthcoming in The Review of Economics and Statistics
Experiment Center, Behavioral Finance Published Paper 2026
Markus Behn, Rainer Haselmann, Vikrant Vig Model-Based Capital Regulation: Where Do We Stand and Where Should We Go from Here?
Annual Review of Financial Economics
Experiment Center Published Paper 2025
Kevin Bauer, Oliver Hinz, Johanna Jagow, Cristina Mihale-Wilson, Maximilian Speicher, Moritz von Zahn Smart Green Nudging: Reducing Product Returns Through Digital Footprints and Causal Machine Learning
Marketing Science
Financial Intermediation, Experiment Center Published Paper 2025
Peter Andre Shallow Meritocracy
Review of Economic Studies
Experiment Center, Behavioral Finance Published Paper 2025
Peter Andre, Ingar Haaland, Christopher Roth, Mirko Wiederholt, Johannes Wohlfart Narratives about the Macroeconomy
SAFE Working Paper No. 426
Household Finance, Experiment Center, Behavioral Finance SAFE Working Paper 2024
Peter Andre, Marc Kaufmann, Botond Köszegi Understanding Markets with Socially Responsible Consumers
Quarterly Journal of Economics
Experiment Center, Behavioral Finance Published Paper 2024
Julian Detemple Thoughts about the Dictator and Trust Game
SAFE Working Paper No. 422
Household Finance, Experiment Center SAFE Working Paper 2024
Michael Kosfeld, Zahra Sharafi The Preference Survey Module: Evidence on Social Preferences from Tehran
Journal of the Economic Science Association
Household Finance, Experiment Center Published Paper 2024

Research Projects

Household Finance, Experiment Center
Human-AI Collaboration, Human-AI Complementarities, Non-Monetary Incentives to Work, Meta-Learners

Current Research Team

Researcher Position
Andre, Peter Professor
Bauer, Kevin Professor
Famulok, Jakob Doctoral Student
Gill, Andrej SAFE Fellow
Hett, Florian SAFE Fellow
Laudenbach, Christine Professor
Liebich, Lena Doctoral Student
von Siemens, Ferdinand SAFE Fellow