Martijn J. van den Assem

Prof. Dr. Martijn J. van den Assem

Visiting and postal address:
Vrije Universiteit Amsterdam
Main Building, Room 7A-58
De Boelelaan 1105
1081 HV Amsterdam, Netherlands

I am a Professor of Finance at the School of Business and Economics of the Vrije Universiteit Amsterdam (VU). The scope of my chair is judgment and decision making. Most of my research projects are empirical, and use data from unconventional sources such as television game shows, lotteries and sports. I teach in BSc, MSc, PhD and post-experience programs.

I am affiliated with the Tinbergen Institute as a Research Fellow (TI), and I serve as an Associate Editor for the Journal of Economic Behavior & Organization (JEBO; since 2014). I am one of the founders and organizers of the biennial Research in Behavioral Finance Conference (RBFC) series.

Working papers

Impact or Responsibility? Giving Behavior in a Televised Natural Experiment. Coauthors: Inka Eberhardt, Paul Smeets and Dennie van Dolder.
Impact and Responsibility in Giving Behavior: A Replication and Extension. Coauthors: Ting-Yi Lin, Dennie van Dolder, Alexander Genevsky, Ale Smidts and Maarten Boksem.
Follow the Fast: A Simple Algorithm for Extracting Wisdom from Crowds. Coauthors: Philippe Van de Calseyde, Emir Efendić, Dennie van Dolder, Anthony Evans, Justine Staal, Laura Zwaan, Jonathan Sherbino and Geoffrey Norman.
The Effect of Familiarity with the Data-Generating Process on the Gambler's and Hot-Hand Fallacy in Lottery Play. Coauthors: Tong Wang and Dennie van Dolder.

Featured publications

High-Stakes Failures of Backward Induction, Games and Economic Behavior, forthcoming. Coauthors: Bouke Klein Teeselink, Dennie van Dolder and Jason Dana.
Does Losing Lead to Winning? An Empirical Analysis for Four Sports, Management Science, 2023 (January), Volume 69, Issue 1, 513-532. Coauthors: Bouke Klein Teeselink and Dennie van Dolder.
Malleable Lies: Communication and Cooperation in a High Stakes TV Game Show, Management Science, 2019 (October), Volume 65, Issue 10, 4795-4812. Coauthors: Uyanga Turmunkh and Dennie van Dolder.
The Wisdom of the Inner Crowd in Three Large Natural Experiments, Nature Human Behaviour, 2018 (January), Volume 2, Issue 1, 21-26. Coauthor: Dennie van Dolder.
Risky Choice in the Limelight, Review of Economics and Statistics, 2016 (May), Volume 98, Issue 2, 318-332, Coauthors: Guido Baltussen and Dennie van Dolder.
Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show, American Economic Review, Papers and Proceedings, 2015 (May), Volume 105, Issue 5, 402-407. Coauthors: Dennie van Dolder, Colin Camerer and Richard Thaler.
Split or Steal? Cooperative Behavior When the Stakes Are Large, Management Science, 2012 (January), Volume 58, Issue 1, 2-20. Coauthors: Dennie van Dolder and Richard Thaler.
Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show, American Economic Review, 2008 (March), Volume 98, Issue 1, 38-71. Coauthors: Guido Baltussen, Thierry Post and Richard Thaler.

Most articles can be freely downloaded here.

Main publications

High-Stakes Failures of Backward Induction, Games and Economic Behavior, forthcoming. Coauthors: Bouke Klein Teeselink, Dennie van Dolder and Jason Dana.
Company Name Fluency and Stock Returns, Journal of Behavioral and Experimental Finance, 2023 (September), Volume 39, 100819. Coauthors: Maurizio Montone and Remco Zwinkels.
Gender and Willingness to Compete for High Stakes, Journal of Economic Behavior & Organization, 2023 (February), Volume 206, 350-370. Coauthors: Thomas Buser and Dennie van Dolder.
Does Losing Lead to Winning? An Empirical Analysis for Four Sports, Management Science, 2023 (January), Volume 69, Issue 1, 513-532. Coauthors: Bouke Klein Teeselink and Dennie van Dolder.
Incentives, Performance and Choking in Darts, Journal of Economic Behavior & Organization, 2020 (January), Volume 169, 38-52. Coauthors: Bouke Klein Teeselink, Rogier Potter van Loon and Dennie van Dolder.
Malleable Lies: Communication and Cooperation in a High Stakes TV Game Show, Management Science, 2019 (October), Volume 65, Issue 10, 4795-4812. Coauthors: Uyanga Turmunkh and Dennie van Dolder.
The Wisdom of the Inner Crowd in Three Large Natural Experiments, Nature Human Behaviour, 2018 (January), Volume 2, Issue 1, 21-26. Coauthor: Dennie van Dolder.
Risky Choice in the Limelight, Review of Economics and Statistics, 2016 (May), Volume 98, Issue 2, 318-332, Coauthors: Guido Baltussen and Dennie van Dolder.
Number Preferences in Lotteries, Judgment and Decision Making, 2016 (May), Volume 11, Issue 3, 243-259. Coauthors: Tong Wang, Rogier Potter van Loon and Dennie van Dolder.
Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show, American Economic Review, Papers and Proceedings, 2015 (May), Volume 105, Issue 5, 402-407. Coauthors: Dennie van Dolder, Colin Camerer and Richard Thaler.
Path Dependence in Risky Choice: Affective and Deliberative Processes in Brain and Behavior, Journal of Economic Behavior & Organization, 2014 (November), Volume 107, Part B, 566-581. Coauthors: Kaisa Hytönen, Guido Baltussen, Ale Smidts, Vasily Klucharev and Alan Sanfey.
Random Incentive Systems in a Dynamic Choice Experiment, Experimental Economics, 2012 (September), Volume 15, Issue 3, 418-443. Coauthors: Guido Baltussen, Thierry Post and Peter Wakker.
Split or Steal? Cooperative Behavior When the Stakes Are Large, Management Science, 2012 (January), Volume 58, Issue 1, 2-20. Coauthors: Dennie van Dolder and Richard Thaler.
Deal or No Deal? Decision Making under Risk in a Large-Payoff Game Show, American Economic Review, 2008 (March), Volume 98, Issue 1, 38-71. Coauthors: Guido Baltussen, Thierry Post and Richard Thaler.

Most articles can be freely downloaded here.

Selected other publications in English

Can the Market Divide and Multiply? A Case of 807 Percent Mispricing, Review of Behavioral Finance, 2022, Volume 14, Issue 1, 35-44. Coauthors: Dennie van Dolder, Remco Zwinkels and Marc Schauten.
The Evil Eye: Eye Gaze and Competitiveness in Social Decision Making, European Journal of Social Psychology, 2018 (April), Volume 48, Issue 3, 388-396. Coauthors: Mauro Giacomantonio, Jennifer Jordan, Francesca Federico and Dennie van Dolder.
Book Review: Event Studies for Financial Research, Journal of Behavioral and Experimental Economics, 2017 (April), Volume 67, 163-164. Coauthor: Nico van der Sar.
CEOs and CFOs on IPOs: The Process and Success of Going Public, De Economist, 2017 (December), Volume 165, Issue 4, 381-410. Coauthors: Nico van der Sar and Philippe Versijp.
A Critical Review of the Fair Value Settlement Procedure for Stock Options, Applied Finance Letters, 2015, Volume 4, Issue 1&2, 20-25. Coauthors: Oege Pennin and Remco Zwinkels.
Beyond Chance? The Persistence of Performance in Online Poker, PLoS ONE, 2015 (March), e0115479. Coauthors: Rogier Potter van Loon and Dennie van Dolder.
Empirical Behavioral Finance, Journal of Economic Behavior & Organization, 2014 (November), Volume 107, Part B, 421-427. Coauthors: Doron Kliger and Remco Zwinkels.
Behavioral Economics and a Nudge to Reduce Car Usage, EconomieOpinie, 2013, July 29.
The Primary Security Market, in: Haim Levy and Thierry Post, Investments, 2004 (November), Prentice Hall, London, 55-66.

Most articles can be freely downloaded here.

Selected other publications in Dutch

Nobelprijs voor Richard Thaler, Economisch Statistische Berichten, 2017, November 16, 544-545. Coauthor: Dennie van Dolder.
Keuzes in het wild, Inaugural lecture Vrije Universiteit (VU) Amsterdam, 2017, September 21.
Struisvogelgedrag bij Nederlandse beleggers, Effect, 2017, Issue 3, 16-17. Coauthors: Dennie van Dolder and Reinder Wietsma.
Economisch gedrag op televisie, Economisch Statistische Berichten, 2017, February 9, 81-83.
Gedragseconomie en het vriendelijk terugdringen van autogebruik, Factor D, 2013, Volume 31, Issue 3, 24.
Big peanuts, Tijdschrift voor het Economisch Onderwijs, 2013, Issue 3, 48-50. Coauthor: Dennie van Dolder.
Coöperatie in spelshows, in: Vincent Buskens & Ineke Maas (Eds.), Samenwerking in Sociale Dilemma's, 2012, Amsterdam University Press, 209-234. Coauthor: Dennie van Dolder.
Poker is meer dan een kansspel. EconomieOpinie, 2012, August 30. Also published in English: Poker Is More Than Just a Game of Chance. Coauthors: Rogier Potter van Loon and Dennie van Dolder.
Drie economielessen die van het pokerspel een leerzame bezigheid maken, NRC.next, 2008, September 25, 20-21.
Proefschriftbespreking, Economisch Statistische Berichten, 2008, October 3, 606.
De ene euro is de andere niet, Economisch Statistische Berichten, 2007, July 13, 427-428. Coauthors: Guido Baltussen and Thierry Post.
Miljoenenjacht: voer voor economen, Economisch Statistische Berichten, 2005, December 16, 538-539. Coauthor: Thierry Post.
De totstandkoming van de introductieprijs bij IPO’s: bestuurders over hun beursgang in Nederland, Maandblad Accountancy en Bedrijfseconomie, May 2004, 223-232. Coauthors: Nico van der Sar, Geert-Jan van Logtestijn, Roeland Haanen and Robartus Krol.
Particuliere belegger buiten spel bij expiratie opties, Economisch Statistische Berichten, 2002, January 25, 64-67.
Spreken de financiële pagina's voor zich? Dagbladen zijn niet altijd duidelijk, Tijdschrift voor het Economisch Onderwijs, 2001, Issue 4, 205-211. Coauthor: Nico van der Sar.
De beursgang van Nederlandse ondernemingen, FamilieBedrijf, 1999, juni/juli, 44-45. Coauthors: Erik de Boer and Michel Muurmans.

Most articles can be freely downloaded here.

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