Univ.-Prof. DDr. Jürgen Huber
Head of the Department of Banking and Finance,
Full Professor in Finance
SOWI o.4.06
please make an appointment by mail
ORCID: 0000-0003-0073-0321
Research
Research Interests
Experimental Economics and Finance, Behavioral Finance, Bubbles, Meta Science, Crowd Research, Replicability, Value and Valuation of Information, Market Microstructure, Asymmetric Information, Empirical Properties of Financial Markets ("stylized facts"), Transaction Taxes, Prediction Markets
Publication
Publications in Refereed Journal
Holzmeister, F., Johannesson, M., Camerer, C. F., Chen, Y., Ho, T-H., Hoogeveen, S., Huber, J., Imai, N., Imai, T., Jin, L., Kirchler, M., Ly, A., Mandl, B., Manfredi, D., Nave, G., Nosek, B. A., Pfeiffer, T., Sarafoglou, A., Schwaiger, R., Wagenmakers, E-J., Waldén, V., Dreber, A. (2024), Replication by plebiscite: Examining the replicability of online experiments selected by a decision market. Nature Human Behaviour >>article
Flecke, S. L., Huber, J., Kirchler, M., Schwaiger, R. (2024), "Nature Experiences and Pro-Environmental Behavior: Evidence from a Randomized Controlled Trial", Journal of Environmental Psychology, 99 (DOI/10.1016/j.jenvp.2024.102383) >>article
Menkveld, A., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Razen, M., et.al. (2024) "Non-Standards Errors", Journal of Finance, 79 (3), p. 2339-2390 (DOI 10.111/jofi.13337) >>article
Pérignon, C., Akmansoy, O., Hurlin, C., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Menkveld, A., Razen, M., Weitzel, U. (2024), "Reproducibility of empirical results: evidence from 1,000 tests in finance", Review of Financial Studies, 37 (11), p. 3558-3593 (DOI/10.1093/rfs/hhae029) >>article
Holzmeister, F., Johannesson, M., Böhm, R., Dreber, A., Huber, J., Kirchler, M. (2024), „Heterogeneity in effect size estimates“, PNAS 121 (32) (DOI/10.1073/pnas.2403490121) >>article
Sarafoglou, A., Hoogeveen, S., van den Bergh, D., Aczel, B., Albers, C. J., Althoff, T., ..., Huber, J., … Wagenmakers, E. (2024), “Subjective Evidence Evaluation Survey For Multi-Analyst Studies”, Royal Society Open Science (DOI/10.31234/osf.io/mxje3) >>article
Bachler, S., Flecke, S. L., Schwaiger, R., Huber, J., Kirchler, M. (2024), "Carbon Pricing, Carbon Dividends and Cooperation: Experimental Evidence", Journal of Economic Behavior and Organization 225, p. 37-50 (DOI/10.1016/j.jebo.2024.07.004) >>article
Yeung, H., Huber, J. (2024), “Has China's Belt and Road Initiative positively impacted the Economic Complexity of Host Countries? Empirical Evidence”, Structural Change and Economic Dynamics 69, p. 246-258 (DOI 10.2139/ssrn.4177786) >>article
Holzmeister, F., Johannesson, M., Böhm, R., Dreber, A., Huber, J., Kirchler, M. (2024) “Heterogeneity in effect size estimates: Empirical evidence and practical implication”, MetaArXiv Preprints (DOI/10.31222/osf.io/583un) >>article
Yeung, H., Huber, J. (2023), "China's Belt and Road Initiative and Life Expectancy in Host Countries: Empirical Analysis", International Advances in Economic Research, 29, p. 225-242 (DOI 10.2139/ssrn.4239928) >>article
Stefan, M., Huber, J., Kirchler, M., Sutter, M., Walzl, M. (2023), "Monetary and Social Incentives in Multi-Tasking: The Ranking Substitution Effect", European Economic Review, 156, July 23, 104458 (DOI 10.1016/j.euroecorev.2023.104458) >>article
Huber, C., Dreber, A., Huber, J., Johannesson, M., Kirchler, M., et al. (2023), "Competition and moral behavior: A meta-analysis of forty-five crowd-sourced experimental designs", PNAS 120 (23) (DOI 10.1073/pnas.2215572120) << article
Huber, J., Sabiou, I., Kerschbamer, R., König genannt Kersting, Ch., Palan, St., Vernon, S. (2022), ”Nobel and novice: Author prominence affects peer review", PNAS 119 (41) (DOI 10.1073/pnas.2205779119) >>article
Huber, J., Hueber, L., Kleinlercher, D., Stöckl, T. (2022) "Acceptance or rejection of welfare migration – An experimental investigation", SN Business & Economics 2, 179 (DOI 10.1007/s43546-022-00356-6) >>article
Hirota, S., Huber, J., Sunder, S., Stoeckl, T. (2022) “Speculation, Money Supply and Price Indeterminacy in Financial Markets: An Experimental Study”, Journal of Economic Behavior and Organization 200, p. 1275-1296 (DOI 10.1016/j.jebo.2020.06.010) >>article
Schwaiger, R., Huber, J., Kirchler, M., Kleinlercher, D., Weitzel, U. (2022) "Unequal Opportunities, Social Groups, and Redistribution“, Journal of Behavioral and Experimental Economics, 100, 101911 (DOI 10.1016/j.socec.2022.101911) >>article
Holzmeister, F., Huber, J., Kirchler, M., Schwaiger, R. (2022) “Nudging Debtors to Pay Their Debt: Two Randomized Controlled Trials“, Journal of Economic Behavior and Organization, 198, p. 535-551 (DOI 10.16016/j.jebo.2022.04.006) >>article
Thompson, J., Dreber, A., Gaunt, T., Gordon, M., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Lyon, M. S., Penton-Voak, I., Pfeiffer, T., Munafo, M. R., (2022) “Using predicition markets to estimate ratings of academic research quality in a mock Research Excellence Framework exercise”, MetaArXiv Preprints (DOI 10.31222/osf.io/gsc8f) >>article
Yeung, H., Huber, J. (2022) “Further evidence on China’s B&R impact on host countries’ quality of institutions”, Sustainability, 14(9), 5451 (DOI 10.3390/su/14095451) >>article
Huber, Ch., Huber, H., Kirchler, M. (2022) “Volatility shocks and investment behavior”, Journal of Economic Behavior and Organization, 194, p. 56-70 (DOI 10.1016/j.jebo.2021.12.007) >>article
Aczel, B., Szaszi, B., Nilsonne, G., van den Akker, O. R., Albers, C. J., ALM van Assen, M., Bastiaansen, J. A., Benjamin, D., Boehm, U., Botvinik-Nezer, R., Bringmann, L. F., Busch, N. A., Caruyer, E., Cataldo, A. M., Cowan, N., Delios, A., van Dongen, N. NN., Donkin, Ch., van Doorn, J. B., Dreber, A., Dutilh, G., Egan, G. F., Gernsbacher, M. A., Hoekstra, R., Hoffmann, S., Holzmeister, F., Huber, J., Johannesson, M., Jonas, K. J., Kindel, A. T., Kirchler, M., Kunkels, Y. K., Lindsay, D. St., Mangin, J.F., Matzke, D., Munafò, M. R., Newell, B. R., Nosek, B. A., Poldrack, R. A., van Ravenzwaaij, D., Rieskamp, J., Salganik, M. J., Sarafoglou, A., Schonberg, T., Schweinsberg, M., Shanks, D., Silberzahn, R., Simons, D. J., Spellman, B. A., Jean, S. St., Starns, J. J., Uhlmann, E. L., Wicherts, J., Wagenmakers, E.-J. (2021), "Guidance for conducting and reporting multi-analyst studies", eLife 10:e72185 >>article
Huber, Ch., Huber, J., Kirchler, M. (2021) “Market Shocks and Professionals’ Investment Behavior – Evidence from the COVID-19 Crash“, Journal of Banking and Finance, 133, 106247 (DOI 10.106/j.jbankfin.2021.106247) >>article
Holzmeister, F., Huber, J., Kirchler, M., Lindner, F., Weitzel, U., Zeisberger, St. (2020) What Drives Risk Perception? A Global Survey with Financial Professionals and Lay People, Management Science, 66 (9), p. 3977-4358 (DOI 10.1287/mnsc.2019.3526) >>article
Razen, M., Huber, J., Hueber, L., Kirchler, M., Stefan, M. (2020) „Financial Literacy, Economic Preferences, and Adolescents’ Field Behavior” Finance Research Letters, 40, 101728 (DOI 10.1016/j.frl.2020.101728)>>article
Huber, Ch.; Huber, J. (2020) „Bad bankers no more? Truth-telling and (dis)honesty in the finance industry” Journal of Economic Behavior & Organization 180, p. 472-493 (DOI.org/10.1016/j.jebo.2020.10.020) >>article
Palan, St., Huber, J., Senninger, L. (2020) Aggregation mechanisms for crowd predictions, Experimental Economics 23, p. 788-814 (DOI 10.1007/s10683-019-09631-0>>article
Balmus, T.; Huber, J.; Ploner, M. (2020) “More competition in delegated portfolio management: A win-win situation? An experimental analysis”, Journal of Economic Behavior and Organization178, p. 777-800 (DOI 10.16/j.jebo/2020.08.017) >>article
Botvinik-Nezer, Rotem; Holzmeister, Felix; Camerer, Colin F; Dreber, Anna; Huber, Jürgen; Johannesson, Magnus; Kirchler, Michael; Iwanir, Roni; Mumford, Janette A; ...., ....; Nichols, Thomas E; Poldrack, Russell A; Schonberg, Tom (2020) “Variability in the Analysis of a Single Functional Neuroimaging Dataset by Many Groups”, Nature 582, p. 84-88 (DOI 10.1038/s41586-020-2314-9) >>article
Giamattei, M., Huber, J., Graf Lambsdorff, J., Nicklisch, A., Palan, St. (2020) Who inflates the bubble? Forecasters and traders in experimental asset markets. Journal of Economic Dynamics and Control 110, 103718 (DOI 10.1016/j.jedc.2019.07.0049) >>article
Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F., Rose, J. (2019), Bubbles and financial professionals. Review of Financial Studies 33 (6), p.2659-2696 (DOI 10.1093/rfs/hhz093)>>article
Sutter, M.; Huber, J.; Kirchler, M.; Stefan, M.; Walzl, M. (2020). Where to look for the morals in markets? Experimental Economics, 23 (1), p. 30-52 (DOI 10.1007/s10683-019-09608-z)>>article
Huber, C., Huber, J., Hueber, L. (2019). The effect of experts' and laypeople's forecasts on others' stock market forecasts. Journal of Banking and Finance 109, 105662 (DOI 10.1016/j.jbank.fin.2019.105662)>>article
Heim, R., Huber, J. (2019). Leading-by-example and third-party punishment: Experimental evidence. Journal of Behavioral and Experimental Finance 24, 100207>>article
Schultze, T., Huber, J., Kirchler, M., Mojzisch, A. (2019). „Replications in economic psychology and behavioral economics“. Journal of Economic Psychology 75 (Part A), 102199 >>article
Altmejd, A., Dreber, A., Forsell, E., Huber, J., Imai, T., Johannesson, M., Kirchler, M., Nave, G., Camerer, C. (2019) Predicting the replicability of social science lab Experiments. PloS ONE 14 (12), e0225826 >>article
Botvinik-Nezer, R., Iwanir, R., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Dreber, A., Camerer, C. F., Poldrack, R. A., Schonberg, T. (2019). fMRI data of mixed gambles from the Neuroimaging Analysis Replication and Prediction Study, Scientific Data, 2052-4463 >>article
Huber, J., Palan, St., Zeisberger, St. (2019): Does investors risk perception drive asset prices in markets? Experimental evidence. Journal of Banking and Finance, 108 >>article
Huber, Ch., Huber J. (2019). Scale matters: Risk perception, return expectations, and investment propensity under different scalings. Experimental Economics 22 (1): 76-100 >>article
Verschuere, B., Meijer, E., Jim, A., Hoogesteyn, K., Orthey, R., McCarthy, R., Skowronski, J., ... , Huber, J., ... , Yildiz, E. (2018). Registered Replication Report on Mazar, Amir, and Ariely (2008). Advances in Methods and Practices in Psychological Science 1 (3): 299-317.>>article
McCarthy, R.J., Skowronski, J.J., Verschuere, B., Meijer, E. H., Jim, A., Hoogesteyn, K., Orthey, R., ... , Huber, J., ... , Yildiz, E. (2018). Registered Replication Report on Srull and Wyer (1979). Advances in Methods and Practices in Psychological Science 1 (3): 321-336 >>article
Camerer, C., Dreber, A., Holzmeister, F., Ho, T., Huber, J., Johannesson, M., Kirchler, M., Nave, G., Nosek, B., Pfeiffer, T., Altmejd, A., Buttrick, N., Chan, T., Chen, Y., Forsell, E., Gampa, A., Heikenstein, E., Hummer, L., Taisuke, I., Isaksson, S., Manfredi, D., Rose, J., Wagenmakers, E., Wu, H. (2018) Evaluating the replicability of social science Experiments. Nature Human Behaviour 2: 637-644 >>article
Huber, J., Shubik, M., and Sunder, S. (2018) Financing of Public Goods through Taxation in a General Equilibrium Economy: Experimental Evidence. Journal of Economic Behavior and Organization 148: 171-188 >>article
Huber, J., Kirchler, M., Kleinlercher, D., and Sutter, M. (2017) Market vs. Residence Principle: Experimental Evidence on the Effects of a Financial Transaction Tax. The Economic Journal 127 (Oct 2017): F610-F631>>article
Razen, M., Huber, J., and Kirchler (2017) M. "Cash Inflow and Trading Horzion in Asset Markets". European Economic Review 92: 359-384>>article
Camerer, C., Dreber, A., Forsell, E., Ho, T., Huber, J., Johannesson, M., Kirchler, M., Almenberg, J., Altmejd, A., Chan, T., Heikensten, E., Holzmeister, F., Imai, T., Isaksson, S., Nave, G., Pfeiffer, T., Razen, M., Wu, H. (2016) Evaluating replicability of laboratory experiments in economics. Science 10.1126/science.aaf0918 351 (6280): 1433-1436 >>article
Kirchler, M., Huber, J., Stefan, M., and Sutter, M. (2016) Market design and moral behavior. Management Science 62: 2615-2625>>article
Huber, J., Kichler, M., Stoeckl, T. (2016) The influence of investment experience on market prices. Laboratory evidence. Experimental Economics 19: 394-411 >>article
Huber, J., Shubik, M., Sunder, S. (2016), Default Penalty as a Disciplinary and Selection Mechanism in Presence of Multiple Equilibria. Journal of Behavioral and Experimental Finance 9: 20-38 >>article
Stöckl, T., Huber, J., Kirchler, M., Lindner, F. (2015), Hot Hand Belief and Gambler's Fallacy in teams: Evidence from investment experiments. Journal of Economic Behavior and Organization 117: 327-339 >>article
Hauser, F., Kaempff, B. and Huber, J., (2015), Costly Information in Markets with Heterogeneous Agents: A Model with Genetic Programming. Computational Economics 46: 205-229>>article
Kirchler, M., Bonn, C., Huber, J., and Razen, M. (2015) The 'Inflow-Effect' - Trader Inflow and Price Efficiency. European Economic Review 77: 1-19 >>article
Stöckl, T., Huber, J. and Kirchler, M. (2015) Multi-period experimental asset markets with distinct fudamental value regimes. Experimental Economics 18: 314-334 >>article
Huber, J., Kirchler, M. and Stefan, M. (2014) Experimental Evidence on Varying Uncertainty and Skewness in Laboratory Double-Auction Markets. Journal of Economic Behavior and Organization 107: 798-809 >>article
Huber, J., Shubik, M. and Sunder, S., (2014) Sufficiency of an Outside Bank and a Default Penalty to Support the Value of Fiat Money: Experimental Evidence. Journal of Economic Dynamics and Control 47: 317-337 >>article
Kleinlercher, D., Huber, J. and Kirchler, M., (2014) The impact of different incentive schemes on asset prices. European Economic Review 68: 137-150 >>article
Angerer, M., Huber, J. and Kirchler, M., (2014), Trader Performance in a Market Experiment with Human and Computerized Traders. sbr Schmalenbach Business Review 66 (7): 224-244 >>article
Matzler, K., Fueller, J., Grabher, C. and Huber, J., (2013), Predicting new product success with prediction markets in online communities. R&D Management 43 (5): 420-432. >>article
Huber, J., and Kirchler, M., (2013), Corporate Campaign Contributions and Abnormal Stock Returns after Presidential Elections. Public Choice 156 (1): 285-307 >>article
Kirchler, M., Huber, J., and Stöckl, T. (2012), Thar she bursts – Reducing confusion reduces bubbles. American Economic Review 102 (2): 865-883. >>article
Sutter, M., Huber, J., and Kirchler, M. (2012), Bubbles and information: An experiment. Management Science 58 (2): 384-393. >>article
Huber, J., Kirchler, M. (2012), The impact of instructions and procedure on reducing confusion and bubbles in experimental asset markets. Experimental Economics 15 (1): 89-105. >>article
Huber, J., Kleinlercher, D. and Kirchler, M., (2012), The impact of a Financial Transaction Tax on Stylized Facts of Price Returns - Evidence from the Lab. Journal of Economic Dynamics and Control 36 (8): 1248-1266 >>article
Hauser, F. and Huber, J., (2012), Short-Selling Constraints as Cause for Price Distortions, Journal of International Money and Finance 31: 1279-1298 >>article
Huber, J., Angerer, M., and Kirchler, M. (2011), Experimental asset markets with endogenous choice of costly asymmetric information. Experimental Economics 14 (2): 223-240. >>article
Kirchler, M., Huber, J., and Kleinlercher, D., (2011), Market Microstructure Matters when Imposing a Tobin Tax - Evidence from the Lab, Journal of Economic Behavior and Organization 80 (3): 586-602. >>article
Huber, J., Shubik, M., and Sunder, S. (2010), Three Minimal Market Institutions with Human and Algorithmic Agents: Theory and Experimental Evidence. Games and Economic Behavior 70 (2): 403-424. >>article
Stöckl, T., Huber, J., and Kirchler, M. (2010), Bubble measures in experimental asset markets. Experimental Economics 13 (3): 284-298. >>article
Angerer, M., Huber, J., Shubik, M., and Sunder, S. (2010), An Economy with Personal Currency: Theory and Experimental Evidence. Annals of Finance 6 (4): 475-509. >>article
Huber, J., Kirchler, M., and Stöckl, T. (2010), The hot hand belief and the gambler's fallacy in investment decisions under risk. Theory and Decision 68 (4): 445-462. >>article
Hanke, M., Huber, J., Kirchler, M., and Sutter, M. (2010), The economic consequences of a Tobin tax - An experimental analysis. Journal of Economic Behavior and Organization 74: 58-71. >>article
Kirchler, M., Huber, J. (2009), An exploration of commonly observed stylized facts with data from experimental asset markets. Physica A: Statistical Mechanics and its Applications 388: 1631-1658. >>article
Huber, J., Kirchler, M., and Sutter, M. (2008), Is more information always better? Experimental financial markets with cumulative information. Journal of Economic Behavior and Organization 65: 86-104. >>article
Kirchler, M., and Huber, J. (2007), Fat tails and volatility clustering in experimental asset markets. Journal of Economic Dynamics and Control 31: 1844-1874. >>article
Huber, J. (2007), ’J’-shaped returns to timing advantage in access to information – Experimental evidence and a tentative explanation. Journal of Economic Dynamics and Control 31: 2536-2572. >>article
Huber, J. and Ohnesorge, D. (2007), An Experimental Exploration of Cooperation and Trustworthiness in Austria and Thailand. International Journal of Business Research 7: 19-30.
Huber, J. (2007), Why monkeys beat fund managers. Yale Economic Review 4: 30-35.
Toth, B., Scalas, E., Huber, J., and Kirchler, M. (2007), The value of information in a multi-agent market model - The luck of the uninformed. European Physical Journal B 55: 115-120. >>article
Huber, J., Kirchler, M., and Sutter, M. (2006), Vom Nutzen zusätzlicher Information auf Märkten mit unterschiedlich informierten Händlern – Eine experimentelle Studie. Zeitschrift für betriebswirtschaftliche Forschung 58: 188-211. <<article
Scalas, E., Kaizoji, T., Kirchler, M., Huber, J., and Tedeschi, A. (2006), Waiting times between orders and trades in double-auction markets. Physica A: Statistical Mechanics and its Applications 366: 463-471. >>article
Huber, J. and Rieger, A. (2006), Changes in optimal diversification strategies in Europe: An empirical exploration of the importance of industry vs. country effects. Journal of International Business Strategy 3 (1): 1-8.
Huber, J. (2004), A contribution to solving an old puzzle: why different trading strategies persist in competitive markets. Journal of Academy of Business and Economics 3: 171-180.
Filzmaier, P., Beyrl, M., Hauser, F., and Huber, J. (2003), Wahlbörsen als interdisziplinäres Instrument der Sozialforschung: Erfahrungen aus Wahlen in Österreich. SWS-Rundschau 3: 387-410.
Monographs
Holzmeister, F., Huber, J., Kirchler, M. and Schredelseker, K., „Grundlagen der Finanzwirtschaft: Ein Informationsökonomischer Zugang (3rd revised and extended edition). Berlin: DeGruyter-Oldenbourg. also see grundlagenderfinanzwirtschaft.at, 2022
Razen, M., Huber, J., Hueber, L., Kirchler, M., Obermeier, M., Stefan, M. : FiT - Ein innovatives Finanztrainingsprogramm für Jugendliche. Innsbruck: Studia Verlag Innsbruck, 2020
Holzmeister, F., Huber, J. and Schredelseker, K., „Grundlagen der Finanzwirtschaft: Ein Informationsökonomischer Zugang (3rd revised and extended edition). Berlin: DeGruyter-Oldenbourg. also see grundlagenderfinanzwirtschaft.at , 2019
Huber, J. and Huber, M. “Max und Moritz – Frühe Streiche”, Children’s book, Berenkamp Verlag, Wattens-Wien, 2016
Hanke, M. and Huber, J. „Information, Interaction, and (In)Efficiency in Financial Markets”, Linde Verlag, Wien, 2008
Huber, J. „Eine Vision für ein dynamischeres Europa“, Peter Lang Verlag, Wien, 2006
Huber, J. “Wahlbörsen: Preisbildung auf Politischen Märkte zur Vorhersage von Wahlergebnissen“, Dissertation, Innsbruck, 2001, published at Verlag Dr. Kovac, Hamburg, 2002
Contributions to books
Heim, R. and Huber, J. (2022) “Nudging and RCTs in Finance: A review of recent literature”, in Handbook of Experimental Finance Editors: Sascha Füllbrunn and Ernan Haruvy, Edward Elgar Publishing: 395 - 407 >>article
Huber, J., (2012), Finanzwirtschaft in der Krise. in: Asset Management, Festschrift für Prof. Dr. rer. nat. Dr. h.c. rer. pol. Klaus Spremann zur Emeritierung, Roman Frick, Pascal Gantenbein und Peter Reichling (Hrsg.), Haupt Verlag Bern-Stuttgart-Wien: 60-67
Hauser, F., Huber J., and Kirchler, M. (2009), Comparing laboratory experiments and Agent-Based Simulations: The value of information and market efficiency in a market with asymmetric information. in: Hernández, C., et al., Artificial Economics: The Generative Method in Economics. Heidelberg, Springer: 199-210.
Huber J., and Kirchler, M. (2008), Why increased knowledge does not necessarily improve trading success: A Monte-Carlo simulation. in: Economic dynamics: Theory, games and empirical studies. Hurlington, C.W. (Ed.), New York, Nova Science Publishers: 201-210.
Huber, J., and Kirchler, M. (2008), When more information can be harmful: Evidence from experimental asset markets. in: Information, interaction and (In)Efficiency in financial markets. Wien, Linde Verlag: 62-94.
Huber, J., Kirchler, M., and Sutter, M. (2007), Does the level of information matter for traders? On the usefulness of information in experimental asset markets. in: Developments on experimental economics, Oda, S. (Ed.), Heidelberg, Springer Verlag: 251-256.
Toth, B., Scalas, E., Huber, J., and Kirchler, M., (2006), Agent-based simulation of a double-auction market with heterogeneously informed agents, forthcoming in Proceedings of Potentials of Complexity Science for Business, Governments and the Media 2006 Conference
Huber, J., Kirchler, M., Sutter, M. (2004), On the marginal benefit of additional information in markets with heterogenously informed agents - an experimental study. in: Nonlinear dynamics and heterogeneous interacting agents, WEHIA 2003 Proceedings, Lux, T., Reitz, S. (Ed.), Heidelberg, Springer Verlag: 41-52.
Filzmaier, P., Beyrl, M., Hauser, F., and Huber, J. (2003), Ein taugliches Prognoseinstrument? Die TT-Wahlbörse zur Tiroler Landtagswahl 2003. Tiroler Jahrbuch für Politik 2003: 178-192.
Presentations (past 5 years)
- Experimental Finance 2024 “Knowledge and Beliefs about Economic Decision-making and Biases among Financial Professionals, Behavioral Scientists, and the General Population”, Stavanger, Norway, June 2024
- Experimental Finance 2023 "Competition and moral behavior: A meta-analysis of 45 crowd-sourced experimental designs", Sofia, Bulgaria, June 2023
- Europan ESA Meeting 2022 "Nobel and novice: Author prominence affects", Bologna, Italy, August 2022
- Experimental Finance 2022 "Nobel and novice: Author prominence affects", Bonn, Germany, June 2022
- Virtual Western Economic Association International (WEAI) 2021 "Bad Bankers No More? Truth-Telling and (Dis)Honesty in the Finance Industry", Fountain Valley, USA, March 2021
- Research Seminar 2021 "Market Shocks and Professionals' Investment Behavior - Evidence from the COVID-19 Crash", Nijmegen, Netherlands, March 2021
- Experimental Finance Workshop Part III 2021 "One dataset, many analysts: Crowd Analysis Projects as a new research para-digm", Nijmegen, Netherlands, January 2021
- University of Zurich 2020 "What Drives Risk Perception? A Global Survey with Financial Professionals and Lay People", Zurich, Switzerland, December 2020
- ESA European Meeting 2019 "Bubbles and Financial Professionals", Dijon, France, September 2019
- Experimental Finance 2019 "NARPS: Neuroimaging Analysis Replication and Prediction Study", Kopenhagen, Denmark, June 2019
Ad-hoc Referee
American Economic Review, Chaos Solitons and Fractals, Econometrica, Experimental Economics, Financial Analysts Journal, Games and Economic Behavior, Journal of Banking and Finance, Journal of Behavioral and Experimental Finance, Journal of Business Research, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of Economic Psychology, Journal of International Money and Finance, Management Science, Physica A, Review of Finance, Review of Financial Studies, The Academy of Management Journal, SCIENCE.
NSF, FWF and OeNB, Member of the Scientific Committee of WEHIA/ESHIA2010, Artificial Economics 2010 and 2011, European Retail Investment Conference since 2011 (ERIC). Referee for the FMA Meeting 2017. Advisory Board of the Stamford Journal.
Grants, Prices, and Awards
- Voted “Professor of the Year“ by the students at University of Innsbruck (School of Management), 2023
- "Voted “Professor of the Year“ by the students at University of Innsbruck (School of Management), 2022
- Among the “Top-100” of the most productive researchers in Management in 2018-2022 (Wirtschaftswoche-Ranking)
- "Voted Professor of the Year" by the students at University of Innsbruck (School of Management), 2021
- FWF-SFB F63 – “Science as a Credence Good”, Project part leader (€519.000, 2021-2025)
- "Voted Professor of the Year" by the students at University of Innsbruck (School of Management), 2020
- "Voted Professor of the Year" by the students at University of Innsbruck (School of Management), 2019
- FWF-SFB F6304-G29 “Decision Making of Financial Professionals”, Project part leader (€612,000, 2017-2021)
- FWF-Research Grant P29362-G27 „The Reproducibility of Experimental Economics“ (€304.420, 2016-2019)
- Pater Johannes Schasching SJ-Preis 2016
- OeNB-Research Grant 14953 „Towards better Market Models in Experimental Finance“ (€180.000, 2013-2016)
- Forschungspreis der Stiftung Südtiroler Sparkasse 2015
- FWF-Research Grant P20609-G11 „Three Minimal Market Institutions: Theory and Experiments“ (€97.550, 2008-2010)
- OeNB-Research Grant 12789 „Eine experimentelle Studie zur Bedeutung von Unsicherheit in Finanzmärkten“ (€95.000, 2008-2010)
- Tiroler Wissenschaftsfonds Grant „Informationen und Renditen in experimentellen Finanzmärkten“ (€8.728, 2008-2010)
- "Lehreplus!” Rector’s honorary award for excellent teaching 2008
- Research Grant (Hypo Tirol Bank) for „Experimental studies on the value of information in a double auction market with information costs” (2008)
- Research Grant (D. Swarovski) for „Three Minimal Market Institutions: Theory and Experimental Evidence” (2008)
- Teacher of the Year 2007 (Innsbruck School of Management)
- Liechtenstein-Award 2007 (Principality Liechtenstein)
- Research Grant of the Tyrolean Science Funds for „Information and Return in financial markets” (2007)
- Dr. Alois Mock-Wissenschaftspreis 2006
- Research Grant (D. Swarovski) for “The value of information in experimental asset markets with heterogeneous traders” University of Innsbruck (2006)
- Erwin-Schrödinger-Auslandsstipendium (Scholarship for Yale) 2006
- Support grant by the Austrian Chamber of Business, 2006
- Research Grant for “Information and return in experimental financial markets” by the University of Innsbruck (€20.000, 2005-2007)
- Research Grant for “Information and financial markets”, Aktion Tiroler Wirtschaftskammer, by the University of Innsbruck (2005)
- Dr. Otto-Seibert Preis 2004
- Research Grant for “On the Usefulness of Information in Markets” by the University of Innsbruck (2002)
- Leistungsstipendium (Grant of Achievement), University of Innsbruck 1998
- International Study Scholarship by the Republic of Austria (1996/97)
- 1st out of 450 students in Ranking for the international study program (1996)
Teaching
I love to teach, try to keep teaching interactive, and always bring my current research into teaching – e.g. by implementing experiments in class and discussing recent research results.
I taught at the Universities of Innsbruck, Krems and Vienna (all Austria), Hohenheim (Germany), Yale University (USA), Chulalongkorn University and Ramkamhaeng University (both Thailand), Vietnam National University, and Gadjah Mada University (Indonesia).
Courses were in English and German at all levels (BA, MA and PhD) and comprised up to 750 students (in the largest lecture), with usual class sizes being 30 students in seminars. Topics were Empirical Finance, Corporate Finance, International Finance, Behavioral and Experimental Finance, Market Efficiency, Academic Writing and Corporate Decision Making.
Appointments and Education
Appointments
Since 2019
Associate editor Journal of Behavioral and Experimental Economics
Since 2017
Associate editor Journal of Behavioral and Experimental Finance
Since 2017
Member of the editorial board of the Review of Behavioral Finance
2016 - 2017
Co-Editor-in-Chief Journal of Behavioral and Experimental Finance
2014 - 2016
General manager Society for Experimental Finance
2013 - 2015
Member of the editorial board of the Journal of Behavioral and Experimental Finance
Since 2012
Member of the Fakultätsrat (Council of the Faculty)
2011
Co-Founder and Executive Board Member of the Society for Experimental Finance
Since 2010
Head of the Department of Banking and Finance (University of Innsbruck)
Since 2008
Full Professor in Finance at the University of Innsbruck
2008 – 2010
Head of the research center “Financial Markets and Risk” at the University of Innsbruck
2007 - 2008
Associate Prof. in Finance, University of Innsbruck
2007 - 2008
Associate Dean for the Master Program “Banking and Finance”
2004 - 2008
Coordinator of international student exchange program with Gadjah Mada University, Yogjakarta, Indonesia
Since 2002
Member in numerous habilitation committees and appointment commissions selecting new full professors
2002 - 2004
Project Manager "Presse-Wahlbörse 2002", a political stock market uniting a team of political scientists, economists, journalists and software engineers to set up a new tool to predict the outcome of the federal elections in Austria; subsequent projects to cover regional elections for Tyrol and Salzburg
2001 - 2004
Coach of entrepreneurs and business start-ups for the "Tiroler Zukunftsstiftung" (Adventure X), an initative to improve the chances of young entrepreneurs and business start-ups
2000 - 2002
Committee Member and Project Manager for INVENT, an international joint venture MBA-Program
1998 - 2007
Assistant Professor of Finance at the University of Innsbruck
Foreign Research Acitivities
Mar'08 - Jul'08
Visiting Full Professor in Finance at the University of Vienna
Apr'06 - Feb'07
Visiting Assistant Professor, Yale School of Management, Yale University, New Haven, USA, further research visits there in January 2008, December 2008, and March/April 2010, July 2011.
Aug'05
Guest Lecturer at Gadja Mada University, Yogjakarta and Jakarta Campuses, Indonesia
Dec'04
Guest Lecturer at Vietnam National University, Ho Chi Minh City
Since 2002
Guest Professor at Ramkhamhaeng University (until 2013) and Chulalongkorn University (since 2014), Bangkok, Thailand
Education
May 2007
Habilitation (venia docendi) in Business Administration, University of Innsbruck
Oct 2001
Graduation at the University of Innsbruck – Doctor of Political Sciences with high distinction (Ph.D. in Political Sciences)
Jul 2001
Graduation at the University of Innsbruck – Doctor of Social and Economic Sciences with high distinction (Ph.D. in Finance)
Jul 1998
Graduation at the University of Innsbruck - Magister rer.soc.oec. with high distinction (Master of Business and Economics)
1996 - 1997
Exchange student at Tulane University (New Orleans, USA, GPA 3.95)
1994 - 1998
"International Economics and Business" at the University of Innsbruck, Austria. Additional studies of economics and law
1993 - 1994
eight months of compulsory military service
1993
Matura with high distinction (end of grammar school)