A large literature studies subjective beliefs about economic facts using unincentivized survey questions. We devise randomized experiments in a representative online survey to investigate whether incentivizing belief accuracy affects stated beliefs about average earnings by professional degree...

Which factors explain voters' evaluations of policy responses to economic shocks? We explore this question in the context of mass preferences over the distribution of disaster relief and evaluate three theoretical arguments related to fairness norms that highlight affectedness, need, and...

The economic effects of policy options help explain why individuals support some reforms while they oppose others. However, disentangling the egoistic and sociotropic origins of voter preferences has proven difficult. We conduct an experiment that details how a reform affects one's personal...

An influential body of scholarship argues that corruption behaves as a self-fulfilling prophecy. The idea of this work is that levels of corruption emerge endogenously as a result of a society-wide coordination game in which the individual returns to corrupt behavior are a function of how...

Elisabeth Grewenig prepared this study while she was working at the Center for Economics of Education at the ifo Institute. The study was completed in March 2021 and accepted as doctoral thesis by the Department of Economics at the LMU Munich. It consists of five distinct empirical essays that...

Do people behave consistently when it comes to sustainability? Based on financially-incentivized choices, we study non-investment related sustainable behavior of customers of three German robo advisors and relate it to their investment decisions. We find that sustainability awareness translates...

This research focuses on the 2D and 3D geospatial analysis of the Ryukyu Trench, a deep-sea trench located in the western Pacific Ocean between Japan and Taiwan. The aim of the research is to visualize regional differences in the topography of the southern (S) and northern (N) parts of the...

Financial professionals play a key role in financial markets and the financial industry as a whole. Researchers in experimental economics and finance have therefore started to employ financial professionals as experimental participants. We examine this recent development in the field by...

This paper discusses issues related to establishing causal relationships in empirical survey research. I adopt a manipulationist view of causality because it matches the context of (management) accounting research where we are commonly interested in studying the effects of changes. Strictly...

We provide experimental evidence of behavior consistent with the sunk cost effect. Subjects who earned a lottery via a real-effort task were given an opportunity to switch to a dominant lottery; 23% chose to stick with their dominated lottery. The endowment effect accounts for roughly only one...