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.
Publications
| Author/s | Title | Area | Type | Published | Keywords |
|---|---|---|---|---|---|
| Peter Andre, Ingar Haaland, Christopher Roth, Mirko Wiederholt, Johannes Wohlfart | Narratives about the Macroeconomy SAFE Working Paper No. 426 | Household Finance, Experiment Center | SAFE Working Paper | 2024 | Narratives, Expectation Formation, Causal Reasoning, Inflation |
| Julian Detemple | Thoughts about the Dictator and Trust Game SAFE Working Paper No. 422 | Household Finance, Experiment Center | SAFE Working Paper | 2024 | |
| Peter Andre, Teodora Boneva, Felix Chopra, Armin Falk | Misperceived Social Norms and Willingness to Act Against Climate Change SAFE Working Paper No. 414 | Experiment Center | SAFE Working Paper | 2024 | |
| Peter Andre, Teodora Boneva, Felix Chopra, Armin Falk | Globally Representative Evidence on the Actual and Perceived Support for Climate Action Nature Climate Change | Experiment Center | Published Paper | 2024 | |
| Kevin Bauer, Rebecca Heigl, Oliver Hinz, Michael Kosfeld | Feedback 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 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 | |
| Peter Andre, Marc Kaufmann, Botond Köszegi | Understanding Markets with Socially Responsible Consumers The Quarterly Journal of Economics | Experiment Center | Published Paper | 2024 | |
| Peter Andre | Shallow Meritocracy forthcoming in The Review of Economic Studies | Experiment Center | Published Paper | 2024 | |
| Peter Andre, Marc Kaufmann, Botond Köszegi | Understanding Markets with Socially Responsible Consumers SAFE Working Paper No. 411 | Experiment Center | SAFE Working Paper | 2023 | |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing Information Systems Research | Financial Intermediation, Experiment Center | Published Paper | 2023 | XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency |
| Peter Andre, Carlo Pizzinelli, Christopher Roth, Johannes Wohlfart | Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples The Review of Economic Studies | Experiment Center | Published Paper | 2022 | |
| Peter Andre | Shallow Meritocracy SAFE Working Paper No. 405 | Experiment Center | SAFE Working Paper | 2023 | |
| Peter Andre, Philipp Schirmer, Johannes Wohlfart | Mental Models of the Stock Market SAFE Working Paper No. 406 | Financial Markets, Experiment Center | SAFE Working Paper | 2023 | |
| Julian Detemple, Michael Kosfeld | Fairness and Inequality in Institution Formation SAFE Working Paper No. 402 | Household Finance, Experiment Center | SAFE Working Paper | 2023 | |
| Kevin Bauer, Oliver Hinz, Michael Kosfeld, Lena Liebich | Decoding GPT’s Hidden ‘Rationality’ of Cooperation SAFE Working Paper No. 401 | Household Finance, Experiment Center | SAFE Working Paper | 2023 | large language models, cooperation, goal orientation, economic rationality |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Please Take Over: XAI, Delegation of Authority, and Domain Knowledge SAFE Working Paper No. 394 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2023 | |
| Michael Kosfeld, Zahra Sharafi | The Preference Survey Module: Evidence on Social Preferences from Tehran SAFE Working Paper No. 393 | Household Finance, Experiment Center | SAFE Working Paper | 2023 | |
| Victor Klockmann, Marie Claire Villeval, Alicia von Schenk | Artificial Intelligence, Ethics, and Intergenerational Responsibility Journal of Economic Behavior & Organization | Household Finance, Experiment Center | Published Paper | 2023 | |
| Myriam Hadnes, Michael Kosfeld, Björn Vollan | Fetters of the Sib’ in an Uncertain Business Environment - An Experimental Study in Burkina Faso Entrepreneurship & Regional Development | Household Finance, Experiment Center | Published Paper | 2023 | |
| Andrea Essl, Michael Kosfeld, Markus Kröll, Frauke von Bieberstein | Social Preferences and Sales Performance Journal of Economics & Management Strategy | Household Finance, Experiment Center | Published Paper | 2023 | |
| Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Nofer | The Effects of Discontinuing Machine Learning Decision Support SAFE Working Paper No. 370 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2022 | |
| Markus Eyting | Why do we Discriminate? The Role of Motivated Reasoning SAFE Working Paper No. 356 | Household Finance, Experiment Center | SAFE Working Paper | 2022 | |
| Andrej Gill, Florian Hett, Johannes Tischer | Time Inconsistency and Overdraft Use: Evidence from Transaction Data and Behavioral Measurement Experiments SAFE Working Paper No. 347 | Household Finance, Experiment Center | SAFE Working Paper | 2022 | Household Finance, Paycheck Sensitivity, Fintech, Time Inconsistency, Time Preferences, Experiment, Behavioral Measurement |
| Markus Kröll, Devesh Rustagi | Measuring Honesty and Explaining Adulteration in Naturally Occurring Markets Journal of Development Economics | Experiment Center | Published Paper | 2022 | Motivation for Honesty, Asymmetric Information, Cheating, Informal Markets, Die Game, Milk, India |
| Kevin Bauer, Oliver Hinz, Johanna Jagow, Maximilian Speicher, Moritz von Zahn | The Smart Green Nudge: Reducing Product Returns through Enriched Digital Footprints & Causal Machine Learning SAFE Working Paper No. 363 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2022 | |
| Victor Klockmann, Marie Claire Villeval, Alicia von Schenk | Artificial Intelligence, Ethics, and Intergenerational Responsibility SAFE Working Paper No. 335 | Household Finance, Experiment Center | SAFE Working Paper | 2022 | |
| Victor Klockmann, Marie Claire Villeval, Alicia von Schenk | Artificial Intelligence, Ethics, and Pivotality SAFE Working Paper No. 336 | Household Finance, Experiment Center | SAFE Working Paper | 2022 | Artificial Intelligence, Big Data, Pivotality, Ethics, Experiment |
| Kevin Bauer, Yan Chen, Florian Hett, Michael Kosfeld | Group Identity and Belief Formation: A Decomposition of Political Polarization SAFE Working Paper No. 409 | Household Finance, Experiment Center | SAFE Working Paper | 2023 | |
| Wenhui Li, Peter Ockenfels, Christian Wilde | The Effect of Ambiguity on Price Formation and Trading Behavior in Financial Markets SAFE Working Paper No. 326 | Financial Markets, Experiment Center | SAFE Working Paper | 2021 | ambiguity, financial market, market price, volatility, trading activity, bid- ask spread, market-based measure of ambiguity, laboratory experiment |
| Kevin Bauer, Michael Kosfeld, Ferdinand von Siemens | Incentives, Self-Selection, and Coordination of Motivated Agents for the Production of Social Goods SAFE Working Paper No. 318 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2021 | |
| 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 Paper | 2021 | Algorithmic transparency, algorithmic decision support, human–machine interaction |
| Kevin Bauer, Oliver Hinz, Christof Weinhardt, Wil van der Aalst | Expl(AI)n It to Me – Explainable AI and Information Systems Research Business & Information Systems Engineering | Financial Intermediation, Experiment Center | Published Paper | 2021 | |
| Kevin Bauer, Rebecca Heigl, Oliver Hinz, Michael Kosfeld | 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 | 2024 | |
| Kevin Bauer, Oliver Hinz, Moritz von Zahn | Expl(AI)ned: The Impact of Explainable Artificial Intelligence on Users' Information Processing SAFE Working Paper No. 315 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2021 | XAI, explainable machine learning, Information Processing, Belief up-dating, algorithmic transparency |
| Ferdinand von Siemens | Motivated Beliefs and the Elderly’s Compliance with COVID-19 Measures SAFE Working Paper No. 299 | Law and Finance, Experiment Center | SAFE Working Paper | 2021 | motivated beliefs; compliance behavior; age; health; COVID-19 |
| Benjamin M. Abdel-Karim, Kevin Bauer, Oliver Hinz, Michael Kosfeld, Nicolas Winfried Pfeuffer | The Economic Consequences of Algorithmic Discrimination: Theory and Empirical Evidence SAFE Working Paper No. 287 | Financial Intermediation, Experiment Center | SAFE Working Paper | 2020 | Algorithmic Discrimination, Artificial Intelligence, Game Theory, Economics, Batch Learning |
| Wenhui Li, Christian Wilde | Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity SAFE Working Paper No. 311 | Financial Markets, Experiment Center | SAFE Working Paper | 2021 | ambiguity, belief estimation, belief effect, ambiguity premium, laboratory experiments |
Research Projects
Current Research Team
In this Section:
