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PUBLICATIONS
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How do taxes affect the trading behavior of private investors? Evidence from individual portfolio data, Accepted, Management Science (with F. Buhlmann, P. Doerrenberg, and J. Voget).
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Trust and Delegated Investing: A Money Doctors Experiment, Accepted, the Review of Finance (with M. Germann, L. Mertes, and M. Weber).
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The Trading Response of Individual Investors to Local Bankruptcies, 2021, Jour- nal of Financial Economics, 142, 928–53 (with C. Laudenbach, J. Pirschel, and J. Wohlfahrt).
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Abusing ETFs, 2017, Review of Finance, 21: 1217–50 (with U. Bhattacharya, S. Meyer, and A. Hackethal).
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Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study, 2012, Review of Financial Studies, (Lead article), 25: 975–1032 (with U. Bhattacharya, A. Hackethal, S. Kaesler, and S. Meyer).
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Switching from commissions on mutual funds to flat-fees: How are advisory clients affected?, 2023, Journal of Economic Behavior & Organization, 209, 423– 49 (with S. Meyer, C. Uhr, and A. Hackethal).
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Do Individual Investors Learn from their Mistakes?, 2017, Journal of Business Economics, Special Issue on Financial Literacy/Digital Finance, 87: 669–703 (with M. Koestner, S. Meyer, and A. Hackethal).
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WORKING PAPERS
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Robo-Advisers and Investor Behavior (with A. Previtero, and A. Hackethal), solicited by the Review of Financial Studies and presented at Cavalcade AP 2018, FIRS 2018 and RBFC 2018.
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Smart(phone) investing? (with A. Kalda, A. Previtero, and A. Hackethal) pre- sented at Boulder Summer Conference (Smartphone), Cavalcade 2022, EFA 2021, Financial Research Association Conference 2021, NBER 2021 (Dig- italization), and NBER 2022 (Ageing and Heatlh).
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Consumption out of Fictitious Capital Gains and Selective Inattention (with S. Meyer and M. Pagel) presented at AFA 2024, AEA 2020, Cavalcade 2020, CEPR Sixth European Workshop on Household Finance, NBER Summer Institute 2022, and WFA 2022.
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The Disposition Effect in Boom and Bust Markets (with S. Bernard and M. We- ber) presented at SFS Cavalcade 2021, EEA 2020, Boulder Summer Conference 2019, and DGF 2019.
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Waiting for the gain to come: How variance and skewness shape investors’ selling behavior (with S. Bernard and M. Weber) presented at EEA 2022 and EWFC 2021.
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Getting Burned by Frictionless Financial Markets (with A. Dhawan, M. Navone, and T. Putnins), presented at FIRN 2020.
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Deposit Insurance Credibility: Revealed Polarized Perceptions (with U. Bhat- tacharya, T. Johann, and T. Rochow).
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The Effects of Disclosing Information on Consumer Financial Behavior: Evidence from a Financial Well-Being Score (with C. Hildebrand, M. Nardini, E. Renkl, and P. Winder).
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POLICY PAPERS
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Tracking the Economic Recovery across Europe: A Glance on Germany, 2021, (with O. Falck, E. Renkl, F. Schmidt-Fischbach, S. Wichert).
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Tracking the Economic Recovery across Europe: A Glance on Italy, 2021, (with O. Falck, E. Renkl, F. Schmidt-Fischbach, S. Wichert).
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Tracking the Economic Recovery across Europe: A Glance on Spain, 2021, (with O. Falck, E. Renkl, F. Schmidt-Fischbach, S. Wichert).
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Tracking the Economic Recovery across Europe: A Glance on France, 2021, (with O. Falck, E. Renkl, F. Schmidt-Fischbach, S. Wichert).
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Tracking the Economic Recovery across Europe: A Glance on Austria, 2021, (with O. Falck, E. Renkl, F. Schmidt-Fischbach, S. Wichert).