Publications in peer-reviewed journals in economics and finance

  1. "How does the email matter to the civic honesty? A comment on Cohn et al. (2019)” (with Toan Huynh and Mei Wang), Business and Society Review, 2020
  2. "Opinions on Technology: a Cultural Divide between East Asia and Germany?" (with Mei Wang, Denis Reinhardt and Max Massloch), Review of Behavioral Economics, 2020
  3. "Maxing out: the puzzling influence of past maximum returns on future asset prices in a cross-country analysis" (with Nilüfer Caliskan and Shuonan Yuan), Management Review Quarterly, 70(4), 567-589, 2020
  4. "Optimal Volatility Dependent Derivatives in the Stochastic Volatility Model" (with Artem Dyachenko), The Journal of Derivatives, 2021
  5. "German and Chinese dataset on attitudes regarding COVID-19 policies, perception of the crisis, and belief in conspiracy theories" (with Yanping He-Ulbricht), Data in Brief, 2020
  6. "Volatility Dependend Structured Products" (with Artem Dyachenko and Walter Farkas), The Journal of Investing, 2020
  7. "What makes young people think positively about social distancing during the Corona crisis in Germany?Frontiers in Sociology, 2020
  8. "Triggering Altruism Increases the Willingness to Get Vaccinated Against COVID-19", Social Health and Behavior, 2020
  9. "Diversification with Options and Structured Products" (with Shuonan Yuan), Review of Derivatives Research, 2020
  10. "Fund Size and the Stability of Portfolio Risk" (with Martin Ewen), Journal of Risk, 2020
  11. "Secret erosion of the “lockdown”? Patterns in daily activities during the SARS-Cov2 pandemics around the world" (with Mei Wang), Review of Behavioral Economics, 2020
  12. "To wear or not to wear? Factors influencing wearing of face masks in Germany during the Corona pandemics", Social Health and Behavior, 2020
  13. "Taking more risk tomorrow: time horizons and investment decisions" (with Trang Minh Nguyen, Benjamin Schnur and Mei Wang), Applied Economics Letters, 2020
  14. "Happy Savers and Happy Spenders:  An experimental study comparing US Americans and Germans"
    (with Amin Ashtiani and Thomas Dudek), Journal of Behavioral and Experimental Economics, 2019.
  15. Maxing out: replicating the influence of past maximum returns on future asset prices in a cross-country analysis” (with Shuonan Yuan and Nilüfer Caliskan), Management Review Quarterly, pp. 1–23, 2019
  16. "Non-cooperative games with prospect theory players and dominated strategies"
    (with Lars Peter Metzger), Games and Economic Behavior, Vol. 115, pp. 396-409, 2019.
  17. Hedging with Regret” (with Olaf Korn), Journal of Behavioral and Experimental Finance, 22, pp. 192-205, 2019
  18. "The Fundamental Equity Premium and Ambiguity Aversion in an International Context"
    (with Minh Hai Ngo andShuonan Yuan), Risks 6.4, pp. 128-152, 2018. 
  19. "Survey data on Vietnamese retail investors' trading behavior and their psychological and behavioral patterns"
    (with Thuy Chung Phan andMei Wang), Data in Brief, Vol. 19, pp. 1176-1180, 2018.
  20. "What leads to overtrading and under-diversification? Survey evidence from retail investors in an emerging market" (with Thuy Chung Phan andMei Wang), Journal of Behavioral and Experimental Finance, in Print.
  21. "Asymmetric attention and volatility asymmetry" (with Michał Dzieliński andTõnn Talpsepp),
    Journal of Empirical Finance, Vol. 45, pp. 59-67, 2018.
  22. Segmentation of financial clients by attitudes and behavior: a comparison between Switzerland and Vietnam.” (with Thuy Phan and Mei Wang), International Journal of Bank Marketing, Vol. 37 Issue: 1, pp.44-68, 2018.
  23. “Comment on Cenci et al. (2015): Half-full or half-empty? A model of decision making under risk”,
    Journal of Mathematical Psychology, Vol. 81, pp. 110-113, 2017.
  24. "Corporate Cash Holdings and Ambiguity Aversion" (with Wolfgang Breuer andK. Can Soypak),
    Review of Finance, Vol. 21, Issue 5, pp. 1933-1974, 2017.
  25. "Characterization of acceptance sets for co-monotone risk-measures" , Insurance: Mathematics and Economics, Vol. 74, pp. 147-152, 2017
  26. "The Impact of Culture on Loss Aversion" (with Mei Wang andThorsten Hens), Journal of Behavioral Decision Making,Vol. 30, Issue 2, pp. 270-281, 2017.
  27. "Estimating Cumulative Prospect Theory Parameters from an International Survey" (with Mei Wang andThorsten Hens), Theory and Decision, Vol. 82, Issue 4, pp. 567-596, 2017.
  28. "Should Your Bank Invest for You? Evidence from Private Banking Accounts" (with Ji Cao andMarcel Fischli), Journal of Behavioral and Experimental Finance, Vol 13, pp. 1-8, 2017.
  29. "How Time Preferences Differ: Evidence from 53 countries" (mit Mei Wang und Thorsten Hens), Journal of Economic Psychology, Vol. 52, pp. 115-135, 2016.
  30. "The war puzzle: Contradictory effects of international conflicts on stock markets" (with Amelie Brune, Thorsten Hens and Mei Wang), International Review of Economics, Vol. 62, Issue 1, pp. 1-21, 2015.
  31. ­­"Risk Preferences Around the World", (with Mei Wang and Thorsten Hens), Management Science, Vol. 61, Issue 3, pp. 637-648, 2015.
  32. "Evolutionary stability of prospect theory preferences", Journal of Mathematical Economics, Vol. 50, pp. 1-11, 2014.
  33. "The behavioral foundations of corporate dividend policy a cross-country analysis" (mit Wolfgang Breuer und K. Can Soypak), Journal of Banking and Finance, Vol. 42, pp. 247-265, 2014.
  34. "Can utility maximization explain the demand for structured investment products?" (with Thorsten Hens), Quantitative Finance, 14(4), pp. 673-681, 2014.
  35. "International evidence on the equity premium puzzle and time discounting" (with Thorsten Hens and Mei Wang), Multinational Finance Journal, 17(3/4), pp. 149-163, 2013.
  36. "Risk classes for structured products: mathematical aspects and their implications on behavioral investors" (with Ji Cao), Annals of Finance, Vol. 9, Issue 2, pp. 167-183, 2013.
  37. "Can ambiguity aversion solve the equity premium puzzle? Survey evidence from international data" (with Mei Wang), Finance Research Letters, 9(2), pp. 63-72, 2012.
  38. Explaining the demand for structured financial products: survey and field experiment evidence” (with Thorsten Hens), ZfB, Vol. 82, Issue 5, pp. 491-508, 2012.
  39. "Why do Investors buy bad financial products? Probability misestimation and preferences in financial investment decisions", Journal of Behavioral Finance, Vol. 13, Issue 2, pp. 108-118, 2012. 
  40. "Optimal financial investments for non-concave utility functions", Economics Letters, Vol. 114, Issue 3, pp. 239-240, 2012.
  41. Too risk averse for prospect theory?” (with Thuy Bui), Modern Economy, Vol. 2, Issue 4, pp. 691-700, 2011.
  42. Volatility asymmetry, news and private investors“ (with Michal Dzielinski and Tonn Talpsepp), The Handbook of News Analytics in Finance, Wiley & Sons, 2011.
  43. Co-monotonicity of optimal investments and the design of structural financial products“, Finance and Stochastics, vol. 15, no. 1, pp. 27-55, 2011.
  44.  „Explaining asymmetric volatility around the world" (with Tõnn Talpsepp), Journal of Empirical Finance, Vol. 17, Issue 5, pp. 938-956, 2010.
  45.  „Financial Market Equilibria with Cumulative Prospect Theory“ (with Enrico De Giorgi andThorsten Hens), Journal of Mathematical Economics, Vol. 46, Issue 5, pp. 633-651, 2010.
  46.  „SP/A and CPT: A reconciliation of two behavioral decision theories", Economics Letters, Vol. 108, Issue 3, pp. 327-329, 2010.
  47. What is behind the Priority Heuristic? – A mathematical analysis and comment on Brandstätter, Gigerenzer and Hertwig“ (with Mei Wang), Psychological Review, vol. 115, Issue 1, pp. 274-280, 2008.
  48. Prospect Theory for continuous distributions“ (with Mei Wang), Journal of Risk and Uncertainty, Vol. 36, Nr. 1, pp. 83–102, 2008.
  49. Cumulative Prospect Theory and the St. Petersburg Paradox“ (withMei Wang), Economic Theory, Vol. 28, pp. 665-679, 2006.