Homepage of Sebastian Ebert

Contact Information

Sebastian Ebert 
Professor of Microeconomics
Frankfurt School of Finance and Management
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 Information [Link]

Current Research Interests

Microeconomics; Behavioral Economics, Finance, and Insurance; Decision Making Under Uncertainty; Skewness Preference

Workshop on Behavioral Economics at Frankfurt School

Heiko Karle and I hosted a small workshop on behavioral economics on April 12-13, 2018. Find more information [here.]

Upcoming & Recent Presentations

IESEG Lille (November 20, 2018), (October 17, 2018), Maastricht University (October 11, 2018), Marburg University (July 5, 2018), Lugano University/Swiss Finance Institute (June 7, 2018), 4nations cup at ESMT Berlin (May 18, 2018)


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

Ebert, S., Nocetti, D. & H. Schlesinger (2018): Greater Mutual AggravationManagement Science, 64(6)2473-2972.[Link to SSRN] [Web Appendix]

Ebert, S. (2015): On Skewed Risks in Economic Models and Experiments. Journal of Economic Behavior and Organization, 112(4), 85-97.

Ebert, S. & P. Strack (2015): Until the Bitter End: On Prospect Theory in a Dynamic Context. American Economic Review, 105(4), 1618-1633. [Web Appendix]

Ebert, S. & D. Wiesen (2014). Joint Measurement of Risk Aversion, Prudence, and Temperance. Journal of Risk and Uncertainty48(3), 231-252. [Web Appendix]

Ebert, S. (2013). Even (mixed) Risk Lovers are Prudent: Comment. American Economic Review, 103(4), 1536-1537. 

Ebert, S. (2013). Moment Characterization of Higher-Order Risk Preferences. Theory and Decision, 74(2), 267-284.

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), 41-63.

Ebert, S. & D. Wiesen (2011). Testing for Prudence and Skewness Seeking. Management Science, 57(7), 1334-1349. [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), 3-33.

Google Scholar Profile: [Link]

Papers Under Revision

Ebert, S. & G. van de Kuilen (2015): Measuring Multivariate Risk Preferences [Link to SSRN]Revise & Resubmit, Econometrica

Presentations 2016: FUR Warwick, Frankfurt School; Warwick Statistics Seminar. 2015: German Economists Abroad Annual Meeting, QUT Brisbane, UoSydney, UoAmsterdam, Duisburg, ETH Zurich, Verein f. Socialpolitik Muenster, ESA Heidelberg, SPUDM Budapest, WRIEC Munich, Tilburg Econ Brown Bag. First version: July 2015. This version: March 2016.

Working Papers

Ebert, S. and C. Hilpert (2018): Skewness Preference and the Popularity of Technical Analysis [Link to SSRN]

Ebert, S. (2017):  Prudent Discounting for Risky Times: Experimental Evidence

Ebert, S., Wei, W. & X.Y. Zhou (2016): Discounting, Diversity, and Investment [Link to SSRN]

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

Ebert, S. (2015): Decision Making When Things Are Only a Matter of Time [Link to SSRN] *** Winner of the SCOR-EGRIE Young Author Best Paper Award 2017 ***

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, Econometrica, Journal of Economic Theory, Journal of Finance, Journal of Risk and Uncertainty, Journal of Political Economy, Journal of the European Economic Association, Management Science, Mathematical Finance, Operations Research, Review of Economic Studies, and many more

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]