About
Since August 2022, I am an Associate Professor at the ESSCA School of Management.
I am an experimental economist in training and biases, and a social scientist at heart. In my research I conduct economic experiments to test economic theories, identify behavioural patterns in economic decisions, and study institutional and market failures.
Some of the research questions I am currently working on are the following:
How past actions or individual characteristics may act as signals of a person's abilities or moral character?
How to provision weakest-link and best-shot public goods?
When and why discrimination flourishes?
How social comparisons influence investment decisions?
BESC e-Seminar Series
I used to organise the BESC e-Seminar Series, an online seminar in behavioural and experimental economics. For any questions regarding this seminar please contact Lionel Page.
Research
Publications
Chowdhury, S. M. & Karakostas A. (2019) An Experimental Investigation of the ‘Tenuous Trade-off’ between Risk and Incentives in Organizations. Theory and Decision.
Karakostas, A., Sonntag, A., & Zizzo, D. J. (2017). Contract Choice: Efficiency and Fairness in Revenue‐Sharing Contracts. The Scandinavian Journal of Economics, 119(4), 962-986.
Karakostas, A., & Zizzo, D. J. (2016). Compliance and the power of authority. Journal of Economic Behavior & Organization, 124, 67-80.
Media coverage: BBC, Pacific Standard.
Two years after its publication, it is featured in the journal’s list of most downloaded articles for the last 90 days, along with papers by Nobel laureates Richard Thaler and Joseph Stiglitz and world-class academics in my field, Gary Charness and Uri Gneezy.
Working Papers
Social Interdependent Investment (with G. Morgan and D. J. Zizzo) - revise and resubmit Theory and Decision working paper
The Team Allocator Game: Allocation Power in Linear, Weakest-Link and Best-Shot Public Good Games (with M. Kocher, D. Matzat, H. Rau and G. Riewe) - revise and resubmit Games and Economic Behavior working paper
Relative Risk Taking and Social Curiosity (with J. Celse and D. J. Zizzo) - revise and resubmit Journal of Economic Behavior and Organization working paper
Bribing to Queue-Jump: A Cross Country Experiment in Greece and Germany (with V. Grimm and A. Drichoutis) - ppt slides, working paper
Experimental Insights on Anti-Social Behavior: Two Meta-Analyses (with E. Tran and D. J. Zizzo) - working paper
In Progress
Double Moral Hazard in Relational Contracts (with C. Adjei and D. S. Monteiro) - Writing up
Virtue Signalling in Credence Goods Markets (with L. Balafoutas) - Data Collection
Virtue Signalling in (Hidden) Action! (with D. J. Zizzo)- Experimental Design