Matthias Stefan, PhD
Assistant Professor
Conference Officer, Society for Experimental Finance
Associate Dean of Studies (Master Banking and Finance)
Department of Banking and Finance
SOWI o.4.15
upon request
Research
Research Interests
Behavioral Economics, Ethical and Psychological Questions in Economics/ Finance
Publications
Working Paper
Delegated Decision Making in Finance
(joint with Holzmeister, F., Holmen, M., Kirchler, M., Wengström, E. ) Preprint at OSF
Monetary and Social Incentives in Multi-Tasking: The Ranking Substitution Effect
(joint with Huber, J., Kirchler, M., Sutter, M., Walzl, M.). Working Paper at EconPapers
Publications in Refereed Journals
Häussler, S., Stefan, M. Schneckenreither, M., Onay, A. (2021), The lead time updating trap: Analyzing human ordering behavior in capacitated supply chains. International Journal of Production Economics (forthcoming).
Holzmeister, F., Stefan, M. (2020), The risk elicitation puzzle revisited: Intra- and inter-subject (in)consistencies across methods. Experimental Economics: https://doi.org/10.1007/s10683-020-09674-8.
Razen, M., Huber, J., Huber, L., Kirchler, M., Stefan, M. (2020), Financial Literacy, Economic Preferences, and Adolescents' Field Behavior. Finance Research Letters (forthcoming). Working Paper at IDEAS
Landy, J. F., Jia, M., Ding, I. L., Viganola, D., Tierney, W., . . . Uhlmann, E. L. (2019) Crowdsourcing hypothesis tests: Making transparent how design choices shape research results. Psychological Bulletin 146(5), 451-479.
Razen, M., Stefan, M. (2019), Greed: Taking a deadly sin to the lab. Journal of Behavioral and Experimental Economics 81, 164-171.
Sutter, M., Huber, J., Kirchler, M., Stefan, M., Walzl, M. (2019), Where to look for the morals in markets. Experimental Economics 23, 30–52.
Stefan, M., Holzmeister, F., Müllauer, A., Kirchler, M. (2018). Ethnical discrimination in Europe: Field evidence from the Finance industry. Plos One: https://doi.org/10.1371/journal.pone.0191959.
Kirchler, M., Andersson, D., Bonn, C., Johannesson, M., Sørensen, E., Stefan, M., Tinghög, G., Västfjäll, D. (2017), The effect of fast and slow decisions on risk taking. Journal of Risk and Uncertainty, 54(1), 37-59.
Stefan, M (2016), On the impact of semantic framing in experimental asset markets. Journal of Behavioral and Experimental Finance, 9, 81-87.
Kirchler, M., Huber, J., Stefan, M., Sutter, M. (2015), Market design and moral behavior. Management Science, 62(9), 2615-2625.
Huber, J., Kirchler, M., Stefan, M. (2014), Experimental evidence on varying uncertainty and skewness in laboratory double-auction markets. Journal of Economic Behavior and Organization, 107, 798–809.
Monographs
Gasser, G., Stefan, M. (Eds.) (2013), Personal Identity. Complex or simple? Cambridge University Press.
Work-in-Progress
FiT - Financial Training for High School Students using Experimental Economics
(joint with Razen, M., Huber, J., Hueber, L., Kirchler, M. and AK Tirol).
Portfolio Choice: Helping Investors to Pick What They Like
(joint with Holzmeister, F. Razen, M.)
Preferences and Behavioral Characteristics of Financial Professionals and the General Population - Experimental and Register Data (joint with Holmén, M., Holzmeister, F., Kirchler, M., Wengström, E.).
Dishonesty in Networks in an Experience Goods Market
(joint with Kerschbamer, R., Sutter, M.).
Presentations
IFAC World Congress 2020. ZEW Workshop on Market Design 2019, Mannheim. Experimental Finance Conference 2019, Copenhagen. Euregio Workshop 2019, Trento. Conference on Decision Science 2018, Konstanz. Experimental Finance Conference 2018, Heidelberg. Workshop on Experimental Finance, Bonn 2018. Research Seminar Max Planck Institute Bonn, 2018. SAET Conference 2017, Faro. Experimental Finance 2017, Nice. Research Seminar Chapman University, 2016. Experimental Finance 2016, Mannheim. Euregio Workshop 2016, Bolzano. Workshop 'Time in Economic Decision Making' 2014, Munich. Experimental Finance 2014, Zurich. Research Seminar University of Innsbruck 2014. Meeting 'Organizations and Society' 2013, Innsbruck. Experimental Finance 2012, Luxembourg.
Media Coverage
Moral und Strafe, Die Presse, ntv.de, orf.at, Der Standard, Dolomiten, Wiener Zeitung, Vorarlberger Nachrichten
"Mäuse, Mord und Märkte", Frankfurter Allgemeine Zeitung, 19.10.2015, p. 16
"(Un-)Moral auf Märkten: Wie wichtig das Design ist"; DiePresse, online and print
Ad-hoc Referee
Management Science, Journal of Public Economics, European Economic Review, Journal of Economic Behavior
and Organization, International Economic Review, Experimental Economics, Journal of Economic
Psychology, Southern Economic Journal, Journal of Behavioral and Experimental Economics, Journal of Behavioral and Experimental Finance, Credit and Capital Markets
Grants, Prices, and Awards
Young Scientist Grant, University of Innsbruck, 2018
Research grant, Hypo Tirol Bank, 2016 (with F. Holzmeister)
Award for promoting the dialogue between Economics, Ethics and Religion (Pater Johannes Schasching SJ-Award), 2016 (with J. Huber, M. Kirchler and M. Sutter)
Research grant, Aktion D. Swarovski KG, 2015
Teaching
University of Innsbruck (Bachelor and Master): Financial Management I, Financial Management II, Entrepreneurial Decision-Making, Reflections on Ethics and Methodology, Behavioral Finance
Other: Advanced Education for Raiffeisen South Tyrol, FiT - Financial Training for High School Students using Experimental Economics (Razen, M., Huber, J., Hueber, L., Kirchler, M. and AK Tirol)
Appointments and Education
Appointments
2016 -
PostDoc, Department of Banking and Finance, University of Innsbruck
2017 -
Conference Officer, Society for Experimental Finance
2012 - 2016
Research Assistant, Department of Banking and Finance, University of Innsbruck
Research Visits
1-3 2020 | Chapman University, California
06 2019 | University of Gothenburg
02 2018 | Max Planck Institute, Bonn
09 2016 | Chapman University, California
Education
2012 – 2016
PhD Management
2007 – 2011
Master Business Administration
2003 – 2007
Master Philosophy
1999 – 2003
Bundesoberstufenrealgymnasium Lauterach