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.

Prof. Dr. Michael Kosfeld

Coordinator, SAFE Experiment Center

Publications

Author/s	Title	Area	Type	Published
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
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
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
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
Markus Eyting	Why do we Discriminate? The Role of Motivated Reasoning SAFE Working Paper No. 356	Household Finance, Experiment Center	SAFE Working Paper	2022
Markus Kröll, Devesh Rustagi	Measuring Honesty and Explaining Adulteration in Naturally Occurring Markets Journal of Development Economics	Experiment Center	Published 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
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
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
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

Research Projects

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

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

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

More ProjectsLess Projects

Current Research Team

Search:

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

In this Section:

Experiment Center

Publications

Research Projects

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

Drivers of EV Adoption: The Role of Information Frictions

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

The Effect of Experienced Discrimination on Groupiness, Particularly Ingroup Favoritism

Overconfidence and the Gender Application Gap

Leading by Example or Crowding out? The Effect of Governmental Leadership on Individuals’ Willingness to Act Against Climate Change: Follow Up

MIFID II Regulation and Scope for Motivated Sustainability Investments

Separating the Effects of Beliefs and Attitudes on Pricing under Ambiguity

Cooperation of Asymmetric Players

Leading by Example – The Causal Effect of Credible Action by Local Government on Citizens’ Motivation and Beliefs about Others to Flight Climate Change

Decentralized Feature Selection: Analysis of User Involvement in the Feature Selection Process of Machine Learning-based Systems

The Mechanisms behind the Effect of Echo Chambers on Biased Beliefs

Identity as an Excuse: Opportunistic Identity Management in Labor Markets

Discrimination - Bank of Workers

Heterogeneity in Investor Preferences for Sustainable/Green Finance

Strategic Self-Deception in Repeated Interaction

The Effect of Echo Chambers on Biased Beliefs

Developing Reliable and Globally Valid Measures for Economic Preferences – Worldwide Testing of the Global Preference Survey Module

Current Research Team

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