In this paper, we investigate the role of unequal opportunities and social group membership in preferences for redistribution. We present results from a large-scale online experiment with more than 4,000 participants. The experiment features a real-effort task and a subsequent dictator game with...

The efficiency of financial markets and their potential to produce bubbles are central topics in academic and professional debates. Yet, little is known about the contribution of financial professionals to price efficiency. We run 116 experimental markets with 412 professionals and 502 students....

A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confi dence intervals. We...

A typical empirical study involves choosing a sample, a research design, and an analysis path. Variation in such choices across studies leads to heterogeneity in results that introduce an additional layer of uncertainty not accounted for in reported standard errors and confidence intervals. We...

Experimental asset markets provide a controlled approach to studying financial markets. We attempt to replicate 17 key results from four prominent studies, collecting new data from 166 markets with 1,544 participants. Only 3 of the 14 original results reported as statistically significant were...

Experimental asset markets provide a controlled approach to studying financial markets. We attempt to replicate 17 key results from four prominent studies, collecting new data from 166 markets with 1,544 participants. Only 3 of the 14 original results reported as statistically significant were...

Das gesamte finanzwirtschaftliche Denkgebäude fußt auf der Bewertung der originären Finanzinstrumente, der klassischen Finanzanalyse. Dieses Buch setzt hier einen Schwerpunkt und will ein tieferes Verständnis für die Funktionsweise moderner Finanzmärkte liefern. Es versucht Antworten auf...

Since the financial crisis, the behavior and personality traits of finance professionals have come under scrutiny. As comprehensive scientific findings are lacking, we run artefactual field experiments with finance professionals and a random sample of the working population to investigate...