On a mission to improve investment decisions and financial well-being...
Professor of Financial Economics, Radboud University, Nijmegen, The Netherlands
Associate Professor for Fintech - Experimental Finance, University of Zurich, Switzerland
Why do individuals, even financial professionals, often make sub-optimal financial decisions? And what can we do about it?
A large part of the answer can be found in psychology. I conduct fundamental as well as practically relevant research in investor psychology ("behavioral finance") and use my insights to consult banks and insurance companies improving their products and services. I thereby take take into account the ongoing digitization in the financial industry (FinTech). My research aims at understanding investor psychology and supporting them making better decisions. It has been published in journals like Management Science, Review of Finance and the Journal of Risk and Uncertainty. I am affiliated with the Swiss FinTech Innovation Lab. Further, I am Scientific Board Member Society for Experimental Finance and Associate with BhFS Behavioural Finance Solutions, Zurich, Switzerland. I have been teaching courses at 10+ institutions world-wide on all levels including exec education.
Key finding: Arbitrage opportunities in markets for cryptocurrencies have disappeared since 2017.
Key finding: Investors have a willingness to pay for impact, but they are largely unwilling to pay more for higher impact. So, the level of impact does not matter.
2022-05-06: I have become faculty member of the Amsterdam Institute of Finance specializing in top-quality executive teaching for ambitious financial professionals.
2022-04-20: I started a collaboration with Zijing Education in Beijing, China, part of Tsinghua University, focusing on executive teaching.
2022-03-29: Updated working paper: What is Risk? How Investors Perceive Risk in Return Distributions
2022-01-27: New working paper: Why Do People (Not) Invest? The Role of Return and Risk Expectations, with C. Laudenbach, S. Siegel and M. Strucks
2022-01-18: We updated our working paper "Do investors care about impact?" , joint with F. Heeb, J. Kölbel and F. Paetzold, so a new version is available.
2021-11-23: New working paper with a lot of co-authors: Non-Standard Errors
2021-09-14: I was interviewed from TV program Radar from AVROTros (NPO1) yesterday over the pros and cons of bitcoin and other cryptocurrencies.
2021-09-14: New publication: History Matters: How Short-Term Price Charts Hurt Investment Performance has been conditionally accepted at the Journal of Banking & Finance
2021-08-21: New publication: The revised working paper "Do people care about loss probabilities?" has been accepted at the Journal of Risk and Uncertainty.