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Andrea Langer-Ballion

Jonas Frey receives a call to the University of Gothenburg

Jonas Frey, who has been a research assistant at the Chair of Economics, especially Behavioral and Digital Economics, since 2021, has received an offer for the position of Assistant Professor at the University of Gothenburg. His research interests include Asset Pricing, Behavioral Finance, and Experimental Finance. Currently, Jonas Frey is pursuing his PhD in Finance at the University of Oxford, Saïd Business School. Congratulations to him!

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Andrea Langer-Ballion

Dialogue Forum: Climate Protection and Finance (KlimFi)

At the end of February, this year's dialogue forum on the BMBF funding guideline "Climate Protection and Finance" (KlimFi) took place in Frankfurt, where all projects presented their current research results. As a cornerstone of the large project, we, the University of Münster, together with our partners from SAFE Frankfurt, Climate & Company, and Ruhr University Bochum, presented the latest findings within the framework of the project "Climlabels - Transformation Labels in Climate Finance".

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Andrea Langer-Ballion

Top position in Forschungsmonitoring 2023

Prof. Dr. Markus Dertwinkel-Kalt is listed in the current research monitoring among the top young researchers in economics, more precisely at #31 in the overall ranking of young researchers and at #12 among young researchers working in Germany. The economics ranking evaluates the research performance of economists who come from or are active in German-speaking countries. The ranking list is compiled by the KOF Swiss Economic Institute at ETH Zurich. It is published every two years.

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Andrea Langer-Ballion

Article 'Salient Cues and Complexity' accepted for publication in Management Science.

Important decisions are often complex, and previous findings suggest that complexity can influence economic decisions. However, it remains an open question as to when and how exactly complexity plays a role. We hypothesize that salient cues mitigate the effect of complexity on decisions. We derive this hypothesis theoretically from the literature and experimentally test it in the context of portfolio decisions.

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Andrea Langer-Ballion

Article 'Optimal Stopping in a Dynamic Salience Model' accepted for publication in the International Economic Review.

We investigate dynamic risk decisions according to the salience theory by deriving hypotheses on dynamic risk decisions theoretically and then experimentally testing them. The results support all hypotheses. We also observe a strong correlation between static and dynamic decisions, suggesting that the salience theory can coherently explain risk decisions in both static and dynamic contexts. Our findings contribute to understanding when people acquire and sell financial products, how they behave in gambling, and when they enter or retire from the labor market.

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Andrea Langer-Ballion

Article "Why "Energy Price Brakes" Encourage Moral Hazard, Raise Energy Prices, and Reinforce Energy Savings " accepted for publication in the RAND Journal of Economics

In order to support households and businesses in the face of skyrocketing energy costs following the Russian invasion of Ukraine, the German government has introduced the so-called "energy price brakes". The special feature of this relief measure is that it provides for a lump-sum payment, which increases in the contractually fixed energy price per unit of energy.

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Andrea Langer-Ballion

Article "On Correlated Lotteries in Economic Applications" accepted for publication in the Journal of Economic Behavior and Organization

Models and experiments in decision theory usually use simple risks with only a few possible outcomes. Markus Dertwinkel-Kalt from the University of Münster, Sebastian Ebert from the University of Heidelberg, and Mats Köster from the Central European University investigate the correlation of such simple risks and discuss their relevance for a variety of economic and financial theoretical applications such as testing behavioral economic models, learning from correlated signals, portfolio selection, or even "rational inattention" and "Bayesian persuasion".

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