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 decisions? And what can we do about it?
Many answers can be found in psychology. Therefore, I conduct fundamental and practically relevant research in behavioral finance, with the aim to understand investor behavior and support individuals and organizations to make better decisions. Given comtemporary developments, I take into account the ongoing digitization in the financial industry (FinTech) and also sustainability considerations. My work has been published in many journals inlcuding The Review of Financial Studies, Management Science and the Review of Finance. 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. In the latter I use my insights to consult banks and insurance companies to improve their products and services. I have been teaching relevant courses at 10+ institutions world-wide on all levels including exec education.
Featured Research
Key finding: Investors perceive risk not as so much as volatility but more as the probability to lose
Why Do People (Not) Invest? The Role of Return and Risk Expectations
Key finding: The reason why so many people do not invest in stock markets is driven to a large extent by wrong beliefs about the risks, not only by risk aversion.
Arbitrage in the Market for Cryptocurrencies
published in Journal of Financial Markets
Key finding: Arbitrage opportunities in markets for cryptocurrencies have disappeared since 2017.
Do Investors Care About Impact?
publishes in RFS (Lead Article)
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.
News
2023-11-15: Received the Netspar Theme Grant with €350,000 together with Jorgo Goossens and international co-applicants Julian Kölbel and Katja Hanewald.
2023-09-11: I have become the Head of the Department of Economics and Business Economics ad interim at the Nijmegen School of Management.
2023-06-19: New publication: Nomen est omen: How and when the fluency of company names affects return expectations
PLOS One with A. Fenneman, D.-J. Janssen, S. Nolte2023-05-30: My crowd-authored paper Competition and moral behavior: A meta-analysis of 45 crowd-sourced experimental designs appeared in the PNAS.
2023-05-03: Our article Do investors care about impact? was selected as lead article in the RFS for May 2023.
2023-05-02: New publication in JEBO: A Culture of Greed: Bubble Formation in Experimental Asset Markets with Greedy and Non-Greedy Traders
See my interview in the Dutch Business Insider on about typical investment mistakes
2023-02-14: My crowd-authored paper Non-Standard Errors is conditionally accepted at the Journal of Finance.
2022-11-21: New publication at the Journal of Financial Markets: Arbitrage on the Market for Cryptocurrencies
2022-09-16: Article in the NZZ about "Nachhaltige Anlagen: Die Wirkung ist egal. Wichtig ist vor allem das gute Gefühl"
2022-07-12: "Do investors care about impact?" , joint with F. Heeb, J. Kölbel and F. Paetzold, is accepted at the Review of Financial Studies.
2022-05-06: I have become faculty member of the Amsterdam Institute of Finance specializing in top-quality executive teaching for ambitious financial professionals.
Media coverage
Collaboration partners
