Chair of Finance

The Chair of Finance focusses on the reseach and teaching of the decision making behavior of financial market participants and their impact on the formation of prices in financial markets. One research focus is in the area of Behavioral Finance, which puts the assumption of a solely rational decision maker into question and substitutes it with a realistic decision making behavior, which is prone to error. Reseach projects of the chair often use empirical capital market data, one methodic focus is the experimental economic research. Within this reseach, methods and insights from psychology are used to get a better understanding of individual decision making and its impacts on capital markets. One textual focus of research is on the decision making behavior of private financial actors, especially in the context of retirement arrangements. The explicit goal is to generate findings for consumer protection and for the support of political decisions.