Homepage of Sebastian Ebert

Contact Information

Sebastian Ebert 
Professor of Microeconomics
Frankfurt School of Finance and Management gGmbH

Adickesallee 32 - 34

60322 Frankfurt, Germany

Phone: +49 (0)69 154008 516 

Assistant (Nana Berhane): +49 (0)69 154008 770

Email: s dot ebert at fs dot de
Website: Profile at Frankfurt School

Curriculum Vitae [Link]  

Teaching Activities & Evaluations [Link]

Current Research Interests

Microeconomics; Behavioral Economics, Finance, and Insurance; Decision Making under Uncertainty; Skewness Preferences


Ebert, S., Wei, W. & X.Y. Zhou (forthcoming): Weighted discounting—On group diversity, time-inconsistency, and consequences for investment [Link to final version]Journal of Economic Theory.

Ebert, S. (forthcoming): Decision Making When Things Are Only a Matter of Time [Link to SSRN], Operations Research. [A discussion by Georg Weizsäcker with applications to the Corona crisis.]

Ebert, S. and C. Hilpert (forthcoming): Skewness Preference and the Popularity of Technical Analysis [Link to SSRN]Journal of Banking and Finance.

Baele, L., Driessen, J., Ebert, S., Londono, J.-M. & O. Spalt (2019): Cumulative Prospect Theory, Option Returns, and the Variance Premium [Link to SSRN], Review of Financial Studies, 32(9), 36673723.

Ebert, S., Nocetti, D. & H. Schlesinger (2018): Greater Mutual AggravationManagement Science, 64(6)24732972.[Link to SSRN] [Web Appendix]

Ebert, S. (2015): On Skewed Risks in Economic Models and Experiments. Journal of Economic Behavior and Organization, 112(4), 8597.

Ebert, S. & P. Strack (2015): Until the Bitter End: On Prospect Theory in a Dynamic Context. American Economic Review, 105(4), 16181633. [Web Appendix]

Ebert, S. & D. Wiesen (2014). Joint Measurement of Risk Aversion, Prudence, and Temperance. Journal of Risk and Uncertainty48(3), 231252. [Web Appendix]

Ebert, S. (2013). Even (mixed) Risk Lovers are Prudent: Comment. American Economic Review, 103(4), 15361537. 

Ebert, S. (2013). Moment Characterization of Higher-Order Risk Preferences. Theory and Decision, 74(2), 267284.

Ebert, S. & E. Lütkebohmert (2012). An Asset Drop Model as an Alternative to the Treatment of Double Default Effects within the Basel Framework. Journal of Credit Risk, 8(3), 4163.

Ebert, S. & D. Wiesen (2011). Testing for Prudence and Skewness Seeking. Management Science, 57(7), 13341349. [Web Appendix]

Ebert, S. & E. Lütkebohmert (2011). Treatment of Double Default Effects within the Granularity Adjustment for Basel II. Journal of Credit Risk, 7(1), 333.

Google Scholar Profile: [Link]

Working Papers

Driessen, J., Ebert, S. & J. Koeter (2020): Π-CAPM: An Asset Pricing Model with Probability Weighting [Link to SSRN] 

Ebert, S. & P. Karehnke (2019):  Skewness Preferences in Choice under Risk [Link to SSRN]  (includes online appendix on skewness preferences in prospect theory)

Ebert, S. (2018):  Prudent Discounting: Experimental Evidence on Higher-Order Time Risk Preferences [Link to SSRN] 

Ebert, S. & G. van de Kuilen (2016): Measuring Multivariate Risk Preferences [Link to SSRN]

Ebert, S. & P. Strack (2016): Never, Ever Getting Started: On Prospect Theory without Commitment [Link to SSRN]

Research Grants

- 2018: ERC Starting Grant (EUR 917.500)

- 2014: NWO-Veni (EUR 250.000)

- 2013: Unicredit/ Modigliani Research Grant (EUR 20.000)

Reviewer for

American Economic Review, Applied Economics Letters, B.E. Journal of Theoretical Economics, Canadian Journal of Economics, Decision Analysis, Economic Journal, Economics Bulletin, Economic Theory, European Journal of Finance, Eastern Economic Journal, European Economic Review, European Journal of Operational Research, Econometrica, Experimental Economics, Games and Economic Behavior, Geneva Risk and Insurance Review, Health Economics, International Economic Review, International Finance, Journal of Economic Behavior and Organization, Journal of Behavioral and Experimental Finance, Journal of Economic Dynamics and Control, Journal of Economic Theory, Journal of Finance, Journal of Health Economics, Journal of Mathematical Economics, Journal of Risk and Insurance, Journal of Political Economy, Journal of Risk and Uncertainty, Journal of the European Economic Association, Journal of Economic Psychology, Management Science, Mathematical Social Sciences, Mathematical Finance, Operations Research, Oxford University Press, Quantitative Finance, Review of Economic Studies, Review of Financial Studies, Risk Analysis, Theory and Decision

Editor (2019 - ) for the Journal of Risk and Insurance

Associate editor (2017 - ) for the Geneva Risk and Insurance Review 

My doctoral thesis

Treatment of Double Default Effects within the Basel Regulatory Framework and a Theoretical and an Experimental Investigation of Higher-Order Risk Preferences [Link]