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
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
Financial Intermediation, Experiment Center SAFE Working Paper 2023
Kevin Bauer, Andrej Gill Mirror, Mirror on the Wall: Algorithmic Assessments, Transparency, and Self-Fulfilling Prophecies
Information Systems Research
Financial Intermediation, 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
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, Behavioral Finance 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, Behavioral Finance Published Paper 2022

Research Projects

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