Welcome to the Innsbruck Spring School on Credence Goods, Incentives and Behavior

May 8-12, 2023


ProgramCourse Lecturers & Topics | Fees & Application

The SFB (Special Research Unit) “Credence Goods, Incentives and Behavior” at the University of Innsbruck is delighted to announce the Innsbruck Spring School on Credence Goods, Incentives and Behavior. The course will focus on theoretical, experimental and behavioral approaches towards analyzing the economic implications of credence goods and will be taught by Rudolf Kerschbamer (University of Innsbruck) and Loukas Balafoutas (University of Exeter / University of Innsbruck). In addition, special sessions on selected topics in Behavioral Economics/Finance will be held by Cass Sunstein (Harvard University), Jeannette Brosig-Koch (University of Magdeburg) and Michael Kirchler (University of Innsbruck).

The purpose of this course is to provide students with the tools needed to analyze key determinants of individual behavior and market performance in credence goods markets (with a wide definition of credence goods), such as markets for health care, repair and legal services, as well as markets for financial advice and fund management. In addition, science as a credence good, metasciences approaches, and nudging are subjects of the course.

Part of the program will be the two-day workshop Innsbruck Spring Summit – (Un)Ethical Behavior in Markets which will take place at the Seegrube Restaurant, located at 1,900 meters above sea level with stunning views of the city of Innsbruck and the surrounding mountain ranges. Keynotes will be given by Cass Sunstein (Harvard University) and Susann Fiedler (Vienna University of Economics and Business).

© Innsbruck Tourismus / Günther Egger


The Spring School will be held from Monday, May 8 until Friday, May 12 (all day) and will cover the following topics:

  • Theoretical foundations of credence goods
  • The method of running laboratory and field experiments in the social sciences
  • Credence goods and laboratory/field experiments
  • Experiments in finance
  • Experiments in health
  • Nudging
  • Metasciences approaches

You can find the detailed program here.

Course Lecturers & Topics



Field evidence on credence goods and fraud

Loukas Balafoutas
University of Exeter / University of Innsbruck



Lab evidence on physician incentives in health care

Jeannette Brosig-Koch
University of Magdeburg



Theory and lab evidence on credence goods and fraud

Rudolf Kerschbamer
University of Innsbruck



Metascience approaches

Michael Kirchler
University of Innsbruck



Nudging: Past, present, and future

Cass Sunstein
Harvard University 

Fees & Application

The tuition fee is 600 Euros for the 5-day course and includes two dinners, two lunches, coffee breaks, and attendance at the Innsbruck Spring Summit.

We welcome PhD students and PostDocs in economics, finance, and other related social sciences that apply theoretical and/or experimental methods in their respective fields.  

Note: Students who are not enrolled at the University of Innsbruck need to upload a single pdf file during the application process called "surname.pdf" containing (i) a short motivation letter, (ii) CV and (iii) a list of publications and ongoing work. 

The deadline for applications was March 23, 2023. 

If you have any questions, please contact Tobias Haller (credence-goods@uibk.ac.at). 

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