Research

Research interests

Behavioral and Experimental Finance

Economic and Financial Decision Making

Financial Literacy

Working Papers

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

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]

Erhard, A., Holzknecht, A. (2025). The effects of uncertainty around ESG-ratings on retail investors' preferences: Experimental evidence. (Under review at Experimental Economics)

Publications

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