A5061769997- Experimental Behavioral Economics Studies
- Financial Markets and Investment Strategies
- Decision-Making and Behavioral Economics
- Corporate Finance and Governance
- Game Theory and Applications
- Auditing, Earnings Management, Governance
- Economic theories and models
- Entrepreneurship Studies and Influences
- Firm Innovation and Growth
- Financial Reporting and Valuation Research
- Culture, Economy, and Development Studies
- Business Strategy and Innovation
- International Business and FDI
- Law, Economics, and Judicial Systems
- Auction Theory and Applications
- Innovation and Knowledge Management
- Private Equity and Venture Capital
- Corporate Social Responsibility Reporting
- Housing Market and Economics
- Complex Systems and Time Series Analysis
- Opinion Dynamics and Social Influence
- Innovations in Educational Methods
- Forecasting Techniques and Applications
- Corruption and Economic Development
- Housing, Finance, and Neoliberalism
Radboud University Nijmegen
2016-2025
Vrije Universiteit Amsterdam
2016-2025
Tinbergen Institute
2013-2025
Elektrometall (Czechia)
2025
University of Amsterdam
2024
Amsterdam UMC Location Vrije Universiteit Amsterdam
2008-2023
Utrecht University
2005-2019
Swedish Research Council
2018
Universität Innsbruck
2018
University of Gothenburg
2018
ABSTRACT In statistics, samples are drawn from a population in data‐generating process (DGP). Standard errors measure the uncertainty estimates of parameters. science, evidence is generated to test hypotheses an evidence‐generating (EGP). We claim that EGP variation across researchers adds uncertainty—nonstandard (NSEs). study NSEs by letting 164 teams same on data. turn out be sizable, but smaller for more reproducible or higher rated research. Adding peer‐review stages reduces NSEs....
Abstract We analyze the computational reproducibility of more than 1,000 empirical answers to 6 research questions in finance provided by 168 teams. Running researchers’ code on same raw data regenerates exactly results only 52% time. Reproducibility is higher for researchers with better coding skills and those exerting effort. It lower technical questions, complex code, lying tails distribution. Researchers exhibit overconfidence when assessing their own research. provide guidelines discuss...
ABSTRACT Rankings are omnipresent in the finance industry, yet literature is silent on how they impact financial professionals' behavior. Using lab‐in‐the‐field experiments with 657 professionals and lab 432 students, we investigate rank incentives affect investment decisions. We find that both tournament increase risk‐taking among underperforming professionals, while only students. This effect robust to experimental frame (investment vs. abstract frame), payoff consequences (own return...
Risk is an integral part of many economic decisions and vitally important in finance. Despite extensive research on decision making under risk, little known about how risks are actually perceived by financial professionals, the key players global markets. In a large-scale survey experiment with 2,213 finance professionals 4,559 laypeople nine countries representing ~50% world’s population more than 60% gross domestic product, we expose participants to return distributions equal expected...
Abstract The efficiency of financial markets and their potential to produce bubbles are central topics in academic professional debates. Yet, little is known about the contribution professionals price efficiency. We run 116 experimental with 412 502 students. find that bubble drivers – capital inflows or high initial supply susceptible bubbles, although they more efficient than student markets. In mixed students, also occur, but act as stabilizers. show heterogeneous beliefs drive...
The research on entrepreneurship as an economic phenomenon often assumes its desirability a driver of development and growth. However, entrepreneurial talent can be allocated among productive, unproductive destructive activities. This allocation has important implications in the developing world, particularly for countries hosting conflict or recovering from conflict. is theorized driven by institutions. Although trade-off between productive been examined, largely ignored. We build existing...
Individual-level opportunity recognition processes are vital to corporate entrepreneurship. However, little is known regarding how managerial communication impacts the effectiveness of idea suggestion systems in stimulating individuals' participation intrapreneurial ideation. Integrating self-determination theory, creativity, and framing research, we theorize different ways inviting employees submit proposals (opt-out/opt-in registration; provision examples) affect number quality submitted...
Does competition affect moral behavior? This fundamental question has been debated among leading scholars for centuries, and more recently, it tested in experimental studies yielding a body of rather inconclusive empirical evidence. A potential source ambivalent results on the same hypothesis is design heterogeneity-variation true effect sizes across various reasonable research protocols. To provide further evidence whether affects behavior to examine generalizability single study...
Sociotechnical systems, where technological and human elements interact in a goal-oriented manner, provide important functional support to our societies. Here, we draw attention the underappreciated concept of timeliness—i.e., system being available at right place time—that has been ubiquitously integrally adopted as quality standard modus operandi sociotechnical systems. We point out that variety incentives, often reinforced by competitive pressures, prompt operators myopically optimize for...
The theory of mergers and acquisitions (M&As) has been developed almost exclusively from the study large deals by firms. In this paper, we argue that behaviour success M&As small medium sized enterprises (SMEs) may be significantly different. Accordingly, revisit established M&A theories develop a theoretical framework several testable hypotheses, regarding distinctive features SME M&As. Our empirical results support our expectations show that, compared to firms, acquiring SMEs rely more...
Risk-assessment and risk-taking in various forms are among the most important tasks financial professionals face their daily work. A large body of experimental studies has shown a substantial effect decision domain (gain vs loss domain) on risk-taking, predominantly students. In series experiments set different contextual frameworks, we investigate whether this is also present experienced employees finance industry compare decisions with people from general population. Our results show that...
Entrepreneurship is generally regarded as a productive force of change, innovation, and development in modern economies. Particularly for institutionally less developed environments, however, it has been argued that the same energy talent can also be allocated to unproductive ends. In this article, we present model analyzes allocation entrepreneurial into activities raiding Postconflict where most formal informal institutions have broken down. We show distribution initial wealth play...
We examine the effects of international and product diversification through mergers acquisitions ( M & A s) on firm's risk–return profile. identify rewards from different types s investigate whether becoming a global firm is value‐enhancing strategy. Drawing theoretical work V achani J ournal I nternational B usiness S tudies , 22 (1991), pp. 307−222) Rugman Verbeke's 35 (2004), 3−18) metrics, we classify firms according to their degree diversification. To account for endogeneity s,...
A rich history of theoretical models in finance shows that speculation can lead to overpricing and price bubbles. We provide evidence that, indeed, individual speculative behavior fuels (experimental) asset markets. In a first step, we elicit one-shot setting with novel elicitation task (SET). second use this measure compose dynamic, continuous double auction markets line Smith et al. (Econometrica 56(5):1119–1151, 1988). find significant higher traders who exhibited more the SET. However,...