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Published EF papers

We are proud to announce that the following papers, which were presented at Experimental Finance conferences, have since been published:
(If your own paper is missing, please let us know with a short mail to office@experimentalfinance.org!)

EF 2016 Regional Meeting North America (University of Arizona)

  • Palan, S., Stöckl, T., 2017. When chasing the offender hurts the victim. The case of insider legislation, Journal of Financial Markets 35, 104-129. New!
  • Rabanal, J. P., Rud, O., Forthcoming. Does competition affect truth-telling? An experiment with rating agencies, Review of FinanceNew!
  • Rud, O., Rabanal, J. P., Horowitz, J., Forthcoming. Does Competition Aggravate Moral Hazard? A Multi-Principal-Agent Experiment, Journal of Financial Intermediation. New!

EF 2016 (University of Mannheim)

  • Camerer, C., Dreber, A., Forsell, E., Ho, T.-H., Huber, J., Johanesson, M., Kirchler, M., Almenberg, J., Altmejd, A., Chan, T., Heikensten, E., Holzmeister, F., Imai, T., Isaksson, S., Nave, G., Pfeiffer, T., Razen, M., and Wu, H., 2016. Evaluating replicability of laboratory experiments in economics, Science 351(6280), 1433-1436.
  • Keser, C., Özgümüs, A., Peterlé, E., Schmidt, M., Forthcoming. An experimental investigation of rating-market regulation, Journal of Economic Behavior & Organization. New!
  • König-Kersting, C., Trautmann, S. T., 2016. Ambiguity attitudes in decisions for others, Economics Letters 146, 126–129.
  • Razen, M., Huber, J., Kirchler, M., 2017. Cash inflow and trading horizon in asset markets, European Economic Review 92, 359–384. New!

EF 2015 (Radboud University Nijmegen)

  • Dimmock, S. G., Kouwenberg, R., Mitchell, O. S., Peijnenburg, K., 2015. Estimating ambiguity preferences and perceptions in multiple prior models. Evidence from the field, Journal of Risk and Uncertainty 51(3), 219–244.
  • Fairley, K., Weitzel, U., 2017. Ambiguity and risk measures in the lab and students’ real-life borrowing behavior, Journal of Behavioral and Experimental Economics 67, 85-98. New!
  • Fang, D., Holmen, M., Kirchler, M., Kleinlercher, D., 2017. How tournament incentives affect asset markets. A comparison between winner-take-all tournaments and elimination contests, Journal of Economic Dynamics and Control 75, 1-27. New!
  • Groshans, D., Zeisberger, S., Forthcoming. All's Well That Ends Well? On the Importance of How Returns Are Achieved, Journal of Banking and Finance. New!
  • Huber, J., Kirchler, M., and Stöckl, T., 2016. The influence of investment experience on market prices. Laboratory evidence, Experimental Economics 19(2), 394-411.
  • Kirchler, M., Lindner, F., Weitzel, U., Forthcoming. Rankings and Risk-Taking in the Finance Industry, Journal of FinanceNew!
  • Langnickel, F., Zeisberger, S., 2016. Do we measure overconfidence? A closer look at the interval production task, Journal of Economic Behavior & Organization 128, 121–133.
  • Meissner, T., 2016. Intertemporal consumption and debt aversion. An experimental study, Experimental Economics 19(2), 281-298.
  • Nadler, A., Jiao, P., Johnson, C. J., Alexander, V., Zak, P. J., Forthcoming. The Bull of Wall Street. Experimental Analysis of Testosterone and Asset Trading, Management Science. New!
  • Powell, O., 2016. Numeraire independence and the measurement of mispricing in experimental asset markets, Journal of Behavioral and Experimental Finance 9, 56–62.
  • Stöckl, T., Huber, J., Kirchler, M., and Lindner, F., 2015. Hot Hand and Gambler's Fallacy in teams: Evidence from investment experiments., Journal of Economic Behavior and Organization 117, 327-339.

EF 2014 (University of Zurich)

  • Afik, Z., Lahav, Y., 2015. Thinking Near and Far: Modeling the Formation of Traders’ Beliefs in Asset Markets using Experimental Data, Journal of Behavioral and Experimental Economics 57, 73–80.
  • Akiyama, E., Hanaki, N., and Ishikawa, R., 2014. How do experienced traders respond to inflows of inexperienced traders? An experimental analysis, Journal of Economic Dynamics and Control 45, 1–18.
  • Cohn, A., Fehr, E., and Maréchal, M. A., 2014. Business culture and dishonesty in the banking industry, Nature 516, 86–89.
  • Dimmock, S. G., Kouwenberg, R., Mitchell, O. S., Peijnenburg, K., 2016. Ambiguity aversion and household portfolio choice puzzles. Empirical evidence, Journal of Financial Economics 119(3), 559–577.
  • Kirchler, M., Huber, J., Stefan, M., and Sutter, M., 2016. Market design and moral behavior, Management Science 62(9), 2615-2625.
  • Kiss, H. J., Rodriguez-Lara, I., and Rosa-Garcia, A., 2014. Do women panic more than men? An experimental study of financial decisions, Journal of Behavioral and Experimental Economics 52, 40–51.
  • Krawczyk, M. W., Trautmann, S. T., van de Kuilen, G., 2017. Catastrophic risk. Social influences on insurance decisions, Theory and Decision 82(3), 309–326. New!
  • Palan, S., 2015. GIMS - Software for Asset Market Experiments, Journal of Behavioral and Experimental Finance 5, 1–14.
  • Palan, S., Stöckl, T., 2017. When chasing the offender hurts the victim. The case of insider legislation, Journal of Financial Markets 35, 104-129. New!
  • Smith, A., Lohrenz, T., King, J., Read Montague, P., and Camerer, C. F., 2014. Irrational exuberance and neural crash warning signals during endogenous experimental market bubbles, Proceedings of the National Academy of Sciences of the United States of America 111(29), 10503–10508.

EF 2013 (Tilburg University)

  • Cohn, A., Engelmann, J., Fehr, E., and Maréchal, M. A., 2015. Evidence for Countercyclical Risk Aversion. An Experiment with Finance Professionals, American Economic Review 105(2), 860-885.
  • Füllbrunn, S., Kreiner, S., and Palan, S., 2015. The Value of a Fallback Option, Central European Journal of Operations Research 23(2), 375–388.
  • Huber, J., Kirchler, M., Kleinlercher, D., and Sutter, M., Forthcoming. Market vs. residence principle. Experimental evidence on the effects of a financial transaction tax, Economic Journal. New!
  • Kirchler, M., Andersson, D., Bonn, C., Johannesson, M., Sørensen, E., Stefan, Matthias, Tinghög, G., Västfjäll, D., forthcoming. The effect of fast and slow decisions on financial risk taking, Journal of Risk and Uncertainty 54, 37-59. New!
  • Qiu, J., Weitzel, U., 2016. Experimental Evidence on Valuation with Multiple Priors, Journal of Risk and Uncertainty 53(1), 55–74.
  • Weinstock, E., Sonsino, D., 2014. Are risk-seekers more optimistic? Non-parametric approach., Journal of Economic Behavior & Organization 108, 236–251.

EF 2012 (University of Luxembourg)

  • Brown, M., Trautmann, S. T., Vlahu, R., 2017. Understanding Bank-Run Contagion, Management Science 63(7), 2272–2282. New!
  • Dijk, O., Holmen, M. H., and Kirchler, M., 2014. Rank matters. The impact of social competition on portfolio choice, European Economic Review 66(1), 97–110.
  • Füllbrunn, S., Rau, H. A., and Weitzel, U., 2014. Does ambiguity aversion survive in experimental asset markets?, Journal of Economic Behavior & Organization 107B, 810–826.
  • Hinterleitner, G., Leopold-Wildburger, U., Mestel, R., and Palan, S., 2014. A Good Beginning Makes a Good Market. The Effect of Different Market Opening Structures on Market Quality, The Scientific World Journal(307808), 1–14.
  • Huber, J., Kirchler, M., and Stefan, M., 2014. Experimental Evidence on Varying Uncertainty and Skewness in Laboratory Double-Auction Markets, Journal of Economic Behavior & Organization 107B, 798–809.
  • Kirchler, M., Bonn, C., Huber, J., and Razen, M., 2015. The 'Inflow-Effect'. Trader inflow and price efficiency, European Economic Review 77, 1–19.
  • Kleinlercher, D., Huber, J., and Kirchler, M., 2014. The impact of different incentive schemes on asset prices, European Economic Review 68, 137–150.
  • Pikulina, E., Renneboog, L., Horst, J. T., and Tobler, P. N., 2014. Bonus schemes and trading activity, Journal of Corporate Finance 29, 369–389.
  • Shachat, J., Zhang, Z., 2017. The Hayek hypothesis and long run competitive equilibrium. An experimental investigation, Economic Journal 127(599), 199–228. New!

EF 2011 (University of Innsbruck)

  • Asparohova, E., Bossaerts, P., Čopič, J., Cornell, B., Cvitanić, J., and Meloso, D., 2015. Competition in Portfolio Management. Theory and Experiment, Management Science 61(1)1868-1888.
  • Bichler, M., Goeree, J., Mayer, S., and Shabalin, P., 2014. Spectrum auction design. Simple auctions for complex sales, Telecommunications Policy 38(7), 613–622.
  • Cheung, S. L., and Coleman, A., 2014. Relative performance incentives and price bubbles in experimental asset markets, Southern Economic Journal 81(2), 345-363.
  • Dai, Y., Gryglewicz, S., Smit, H. T., and Maeseneire, W. de, 2013. Similar bidders in takeover contests, Games and Economic Behavior 82, 544–561.
  • Eckel, C. C., and Füllbrunn, S., 2015. Thar 'she' blows? Gender, competition, and bubbles in experimental asset markets, American Economic Review 105(2), 906–920.
  • Holmen, M., Kirchler, M., and Kleinlercher, D., 2014. Do option-like incentives induce overvaluation? Evidence from experimental asset markets, Journal of Economic Dynamics and Control 40, 179–194.
  • Muehlfeld, K., Weitzel, U., and van Witteloostuijn, A., 2013. Fight or freeze? Individual differences in investors’ motivational systems and trading in experimental asset markets., Journal of Economic Psychology 34, 195–209.
  • Sonsino, D., Regev, E., 2013. Informational overconfidence in return prediction-More properties, Journal of Economic Psychology 39, 72–84.
  • Stöckl, T., 2014. Price efficiency and trading behavior in limit order markets with competing insiders, Experimental Economics 17(2), 314–334.
  • Stöckl, T., Huber, J., and Kirchler, M., 2014. Multi-period experimental asset markets with distinct fundamental value regimes, Experimental Economics, 1–21.

EF 2010 (University of Gothenburg)

  • Eriksen, K. W., and Kvaløy, O., 2014. Myopic risk-taking in tournaments, Journal of Economic Behavior & Organization 97, 37–46.
  • Hedesström, M., Andersson, M., Gärling, T., and Biel, A., 2012. Stock investors’ preference for short-term vs. long-term bonuses, The Journal of Socio-Economics 41(2), 137–142.
  • Hommes, C., 2011. The heterogeneous expectations hypothesis: Some evidence from the lab, Journal of Economic Dynamics and Control 35, 1–24.
  • Huber, J., Angerer, M., and Kirchler, M., 2011. Experimental asset markets with endogenous choice of costly asymmetric information, Experimental Economics 14(2), 223–240.
  • Huber, J., and Kirchler, M., 2012. The impact of instructions and procedure on reducing confusion and bubbles in experimental asset markets, Experimental Economics 15(1), 89–105.
  • Kirchler, M., Huber, J., and Kleinlercher, D., 2011. Market microstructure matters when imposing a Tobin tax. Evidence from the lab, Journal of Economic Behavior & Organization 80(3), 586–602.
  • Kirchler, M., Huber, J., and Stöckl, T., 2012. Thar She Bursts - Reducing Confusion Reduces Bubbles, American Economic Review 102(2), 865–883.