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
Peter Andre, Mirko Wiederholt Narratives about the Macroeconomy
SAFE Working Paper No. 426 		Household Finance, Experiment Center SAFE Working Paper 2024
Peter Andre, Marc Kaufmann, Botond Köszegi Understanding Markets with Socially Responsible Consumers
Quarterly Journal of Economics 		Experiment Center 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
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
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 		Experiment Center Published Paper 2024
Peter Andre Shallow Meritocracy
forthcoming in The Review of Economic Studies 		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
Information Systems Research 		Financial Intermediation, Experiment Center Published Paper 2023

Research Projects

Household Finance, Experiment Center

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

Jakob Famulok, Emily Kormanyos, Daniel Worret, Daniel Worring
Household Finance, Experiment Center

Drivers of EV Adoption: The Role of Information Frictions

Aoife Fitzpatrick
Household Finance, Experiment Center

Which Mechanisms Drive the Effects of Social Norms on Sustainable Investments?

Lea Voigt
Household Finance, Experiment Center

The Effect of Experienced Discrimination on Groupiness, Particularly Ingroup Favoritism

Marius Dietsch
Household Finance, Experiment Center

Overconfidence and the Gender Application Gap

Vincent Selz
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 Laudenbach
Household Finance, Experiment Center

MIFID II Regulation and Scope for Motivated Sustainability Investments

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

Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity

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

Cooperation of Asymmetric Players

Matthias Blonski, Steffen Eibelshäuser, Hendrik Hegemann
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 Laudenbach
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 Schenk
Household Finance, Experiment Center

The Mechanisms behind the Effect of Echo Chambers on Biased Beliefs

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

Identity as an Excuse: Opportunistic Identity Management in Labor Markets

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

Discrimination - Bank of Workers

Markus Eyting, Florian Hett
Household Finance, Experiment Center

Heterogeneity in Investor Preferences for Sustainable/Green Finance

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

Strategic Self-Deception in Repeated Interaction

David Poensgen
Household Finance, Experiment Center

The Effect of Echo Chambers on Biased Beliefs

Andreas Grunewald, Victor Klockmann, Alicia von Schenk, Ferdinand von Siemens
Communication, Echo Chambers, Biased Beliefs
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 Zou

Current Research Team

Researcher Position
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
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