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
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
Peter Andre, Marc Kaufmann, Botond Köszegi Understanding Markets with Socially Responsible Consumers
SAFE Working Paper No. 411 		Experiment Center SAFE Working 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
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
Peter Andre Shallow Meritocracy
SAFE Working Paper No. 405 		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
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
Kevin Bauer, Oliver Hinz, Moritz von Zahn Please Take Over: XAI, Delegation of Authority, and Domain Knowledge
SAFE Working Paper No. 394 		Experiment Center SAFE Working 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

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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