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, Teodora Boneva, Felix Chopra, Armin Falk Misperceived Social Norms and Willingness to Act Against Climate Change
SAFE Working Paper No. 414
Experiment Center, Behavioral Finance SAFE Working 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
Peter Andre, Marc Kaufmann, Botond Köszegi Understanding Markets with Socially Responsible Consumers
SAFE Working Paper No. 411
Experiment Center, Behavioral Finance SAFE Working Paper 2023
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
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
Peter Andre, Philipp Schirmer, Johannes Wohlfart Mental Models of the Stock Market
SAFE Working Paper No. 406
Financial Markets, Experiment Center, Behavioral Finance 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 Shallow Meritocracy
SAFE Working Paper No. 405
Experiment Center, Behavioral Finance 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 Can GPT Mimic Human Preferences? An Empirical and Structural Investigation
SAFE Working Paper No. 401
Household Finance, Experiment Center SAFE Working Paper 2023

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