Research

Research interests

Behavioral and Experimental Finance

Economic and Financial Decision Making

Financial Literacy

Working Papers

Bachler, S., Holzknecht, A., Huber, J., Kirchler, M. (2024). From Individual Choices to the 4-Eyes-Principle: The Big Robber Game revisited among Financial Professionals and Students. (R&R at Journal of Economic Psychology) [link]

Erhart, A., Holzknecht, A. (2025). The effects of uncertainty around ESG-ratings on retail investors' preferences: Experimental evidence.

Publications

Holzknecht, A., Huber, J., Kirchler, M., Neugebauer, T. (2024). Speculating in zero-value assets: The greater fool game experiment. European Economic Review, 180, 105180 [link]

Aschenwald, M., Holzknecht, A., Kirchler, M., Razen, M. (2024). Covariates of behavioral consistency among adolescents. Journal of Behavioral and Experimental Finance, 44, 100986. [link]

Teaching

PS Financial Management, Winter semester 2021 - Summer semester 2024

SE Seminar with Bachelor's Thesis, since Summer semester 2024

PS Corporate Decision-Making and Societal Responsibility, since Summer semester 2025

Education