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My research mainly focuses on how the digital transformation affects financial markets and its participants. Beyond that, I am interested in the impact of financial education on savings and investment behavior and the dynamics of housing markets.
Working Papers
Working Papers
Statutory Incidence Matters: Evidence from a Policy Intervention in the German Housing Market
with Jörg Claussen, Katerina Vlieg, and Steffen Zetzmann
CESifo Working Paper No. 12618, April 2026
R&R, Journal of Urban Economics
Presentations: RES 2024, IIPF 2024, CESifo Area Conference 2026, DGF 2026
Using Large Language Models for Financial Advice
with Christian Fieberg, Lars Hornuf, and Maximilian Meiler
CESifo Working Paper No. 11666, January 2025
R&R, Journal of Banking & Finance
Presentations: SGF 2025, DGF 2026
Media coverage: FAZ
Banking for Baby Boomers - A Field Experiment on Technology Adoption in Financial Services
with Katharina Hartinger and Erik Sarrazin
IPP Discussion Paper No. 2505, March 2026
Presentations: DGF 2025, RES 2026, EFA 2026, EEA 2026
From Coins to Cays: Using Crypto to Channel Funds Offshore
with Dominika Langenmayr
CESifo Working Paper No. 12740, June 2026
Does Domain-Specific Information Make GenAI Smarter? Evidence from a Portfolio Allocation Experiment
with Lars Hornuf and Niklas Töllich
CESifo Working Paper No. 11862, April 2025
Presentations: DGF 2025
Work in Progress
Work in Progress
The Determinants of Factoring Costs: Evidence from the European Football Industry
with Benjamin Dillinger and Markus Glaser
Do Affective Nudges Increase Tips? Evidence from a Field Experiment
with Ofer Azar, Moritz Nardini, and Emanuel Renkl
Publications
Publications
Risk Preference Elicitation and Financial Advice Taking
Financial Education and Digital Asset Management: What's in the Black Box?
with Rouven Litterscheidt
Journal of Behavioral and Experimental Economics, Vol. 87 (2023)
A Classification of Decision Automation and Delegation in Digital Investment Management Systems
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