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:

• 1. How past actions or individual characteristics may act as signals of a person's abilities or moral character?

  2. How to provision weakest-link and best-shot public goods? 

  3. When and why discrimination flourishes?

  4. How social comparisons influence investment decisions?

  5. How queuing processes influence bribery and corruption?

Publications

1. Karakostas A., Tran, E. N., & Zizzo, D. J. (2024 in press) Antisocial behaviour in the lab: A meta-analysis with N. Tran & D. Zizzo Experimental Economics.

2. Celse, J., Karakostas, A., & Zizzo, D. J. (2023). Relative risk taking and social curiosity. Journal of Economic Behavior & Organization, 210, 243-264.

3. Karakostas, A., Morgan, G., & Zizzo, D. J. (2023) Socially Interdependent Risk Taking. Theory and Decision,  95, 365-378. 

4. Karakostas A., M. Kocher, D. Matzat, H. Rau and G. Riewe (2023) The Team Allocator Game: The Power of Leadership in Public Goods Games. Games and Economic Behavior, 140, 73-87 

5. Chowdhury, S. M. & Karakostas A. (2019) An Experimental Investigation of the ‘Tenuous Trade-off’ between Risk and Incentives in Organizations. Theory and Decision. 

6. 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.

7. 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. 

   • Featured in the journal’s list of most downloaded articles for the last 90 days, for over 5 years since its publication.

Working Papers

• Bribing to Queue-Jump: A Cross-Country Experiment in Greece and Germany (with V. Grimm and A. Drichoutis) 

• Double Moral Hazard in Relational Contracts (with C. Adjei and D. S. Monteiro) 

• Incentives and the Replication Crisis in Social Sciences: A Critical Review of Open Science Practices (with L. Balafoutas, Celse, J., & N. Umashev) Available at: ResearchGate