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

 (postponed to) May 16-20, 2022


ProgramCourse lecturers | Covid-19 specific informationApplication

The SFB (Special Research Unit) “Credence Goods, Incentives and Behavior” at the University of Innsbruck is delighted to announce the fifth edition of the Innsbruck Winter School on Credence Goods, Incentives and Behavior. The Winter School (postponed to May due to Covid) will focus on theoretical, experimental and behavioral approaches towards analyzing the economic implications of credence goods and will be taught by Loukas Balafoutas and Rudolf Kerschbamer (both from the University of Innsbruck). In addition, special sessions on selected topics in Behavioral Economics/Finance will be held by Brit Grosskopf (University of Exeter), Daniel Wiesen (University of Cologne), and Jürgen Huber (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.

Part of the program will be the two-day workshop Innsbruck Winter 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 Edi Karni (Johns Hopkins University) and Robert Böhm (University of Vienna & University of Copenhagen).

© Innsbruck Tourismus / Günther Egger


The Winter School will be held from Monday, May 16 until Friday, May 20 (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

The detailed program is available here.

Course lecturers

The course will be taught mainly by Loukas Balafoutas and Rudolf Kerschbamer (both from the University of Innsbruck) with special sessions on selected topics in Behavioral Economics and Finance by Brit Grosskopf (University of Exeter), Daniel Wiesen (University of Cologne), and Jürgen Huber (University of Innsbruck). Find out more about the two main lecturers below.

Prof. Loukas Balafoutas

balafoutasLoukas Balafoutas is currently a professor for experimental economics at the Department of Public Finance, University of Innsbruck. Most of his research uses applied game theory and experimental methods, with data collected both in the lab and in the field. His main areas of interest are credence goods, tournaments, social norms and cooperation, public economics, corruption, and affirmative action policies in the labor market. He is the author or co‐author of several publications in highly‐ranked academic journals such as Review of Economic Studies, Economic Journal, Journal of Public Economics, Science, and Proceedings of the National Academy of Sciences (PNAS).

Personal website

Prof. Rudolf Kerschbamer

portrait-kerschbamer.jpgRudolf Kerschbamer is currently professor of economics at the Department of Economics, University of Innsbruck. His most recent research focuses on the theoretical and experimental analysis of credence goods markets and resulted in numerous high-profile publications, published, among others, in American Economic Review, Review of Economic Studies, PLOS, and Journal of Economic Literature.

Personal website


Covid-19 specific information

  • All participants need to provide a 2-G certificate prior to the start of the event, which proofs that they are vaccinated against, or have recovered from a Covid-19 infection.
  • In case you need to cancel your participation due to reasons related to the Covid-19 pandemic (own infection, travel restrictions, etc.) we will provide a full refund of the tuition fee.
  • In case the event needs to be held virtually, we will refund 80% of the tuition fee.



The deadline for applications was March 28, 2022. 

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

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