Our Publications

2024

Sobolev, Daphne; Kallinterakis, Vasileios. Risk is in the eye of the investor: Cryptocurrency investors’ engagement with risk, regulatory advice, and regulatory institutions. Journal of Behavioral and Experimental Finance (2024)

Getik, Demid; Islam, Marco; Samahita, Margaret. The inelastic demand for affirmative action. European Economic Review (2024)

Harrison, Glenn W; Lau, Morten I; Yoo, Hong Il. Constant Discounting, Temporal Instability and Dynamic Inconsistency in Denmark: A Longitudinal Field Experiment. International Economic Review (2024)

Radi, Sherrihan; Gebka, Bartosz; Kallinterakis, Vasileios. The Wisdom of the Madness of Crowds: Investor Herding, Anti-herding, and Stock- Bond Return Correlation. Journal of Economic Behavior and Organization (2024)

Gavriilidis, Konstantinos; Kallinterakis, Vasileios; Montone, Maurizio. Political uncertainty and institutional herding. Journal of Corporate Finance (2024)

Getik, Demid. Relative Income and Mental Health in Couples. The Economic Journal (2024)

Lohse, Johannes; Rahal, Rima-Maria; Schulte-Mecklenbeck, Michael; Sofianos, Andis; Wollbrant, Conny. Investigations of decision processes at the intersection of psychology and economics. Journal of Economic Psychology (2024)

Bilal, Bilal; Ezeani, Francisca; Usman, Muhammad; Komal, Bushra; Gerged, Ali Meftah. Impact of ownership structure and cross‐listing on the role of female audit committee financial experts in mitigating earnings management. Business Ethics, the Environment and Responsibility (2024)

Usman, Muhammad; Nwachukwu, Jacinta; Ezeani, Ernest; Salem, Rami Ibrahim A.; Bilal, Bilal; Kwabi, Frank Obenpong. Audit quality and classification shifting: evidence from UK and Germany. Journal of Applied Accounting Research (2024)

Kamei, Kenju; Nesterov, Artem. Endogenous monitoring through voluntary reporting in an infinitely repeated prisoner's dilemma game: experimental evidence. Economica (2024)

Cui, Yueting; Gavriilidis, Konstantinos; Gebka, Bartosz; Kallinterakis, Vasileios. Numerological Superstitions and Market-Wide Herding: Evidence from China.  International Review of Financial Analysis (2024)

2023

Brahma, S.; Gavriilidis, K.; Kallinterakis, V.; Verousis, T.; Zhang, M. LGBTQ and finance. International Review of Financial Analysis (2023)

Kallinterakis, V.; Karaa, R. From dusk till dawn (and vice versa): Overnight-versus-daytime reversals and feedback trading. International Review of Financial Analysis (2023)

Peng, Yan; Shachat, Jason; Wei, Lijia; Sarah Zhang, S. Speed traps: Algorithmic trader performance under alternative  market balances and structures. Experimental Economics (2023)

Sofianos, Andis; Lambrecht, Marco; Xu, Yilong. Does mining fuel bubbles? An experimental study on cryptocurrency markets. Management Science (2023)

Lambrecht, Marco; Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis. Intelligence Disclosure and Cooperation in Repeated Interactions. American Economic Journal: Microeconomics (2023)

Bilal, Bilal; Komal, Bushra; Ezeani, Ernest; Usman, Muhammad; Kwabi, Frank; Ye, Chengang. Do the educational profile, gender, and professional experience of audit committee financial experts improve financial reporting quality? Journal of International Accounting, Auditing and Taxation (2023)

Abbas, Ali; Zhang, Guoqing; Bilal; Chengang, Ye. Firm governance structures, earnings management, and carbon emission disclosures in Chinese high‐polluting firms. Business Ethics, the Environment and Responsibility (2023)

Kontosakos, Vasileios E.; Hwang, Soosung; Kallinterakis, Vasileios; Pantelous, Athanasios A. Long-term dynamic asset allocation under asymmetric risk preferences. European Journal of Operational Research (2023)

Castagnetti, Alessandro; Proto, Eugenio; Sofianos, Andis. Anger Impairs Strategic Behavior: A Beauty-Contest Based Analysis. Journal of Economic Behavior and Organization (2023)

Mikus, Nace; Eisenegger, Christoph; Mathys, Christoph; Clark, Luke; Müller, Ulrich; Robbins, Trevor W.; Lamm, Claus; Naef, Michael. Blocking D2/D3 dopamine receptors in male participants increases volatility of beliefs when learning to trust others. Nature Communications (2023)

Bilal; Gerged, Ali Meftah; Arslan, Hafiz Muhammad; Abbas, Ali; Chen, Songsheng; Manzoor, Shahid. A bibliometric review of corporate environmental disclosure literature. Journal of Accounting Literature (2023)

Guo, Yiting; Shachat, Jason; Walker, Matthew J.; Wei, Lijia. On the generalizability of using mobile devices to conduct economic experiments. Journal of Behavioral and Experimental Economics (2023)

Zhou, Xiaoyu; Alysandratos, Theodore; Naef, Michael. Rice Farming and the Origins of Cooperative Behaviour. The Economic Journal (2023)

Kuang, Jiaqi; Ji, Xudong; Cheng, Peng; Kallinterakis, Vasileios. Media News and Social Media Information in the Chinese Peer-to-Peer Lending Market. Systems (2023)

Neugebauer, Tibor; Shachat, Jason; Szymczak, Wiebke. A test of the Modigliani-Miller theorem, dividend policy and algorithmic arbitrage in experimental asset markets. Journal of Banking and Finance         (2023)

2022

Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis. Intelligence, Errors, and Cooperation in Repeated Interactions. The Review of Economic Studies (2022)

Oechssler, Joerg; Reischmann, Andreas; Sofianos, Andis. The conditional contribution mechanism for repeated public goods – The general case. Journal of Economic Theory (2022)

Sofianos, Andis. Self-reported & revealed trust: Experimental evidence. Journal of Economic Psychology (2022)

Economou, F.; Gavriilidis, K.; Gebka, B.; Kallinterakis, V. Feedback trading: a review of theory and empirical evidence. Review of Behavioural Finance (2022)

Tayeh, M.; Kallinterakis, V. Feedback Trading in Currency Markets: International Evidence. Journal of Behavioral Finance (2022)

Duong, H.N.; Goyal, A.; Kallinterakis, V.; Veeraraghavan, M. Democracy and the pricing of initial public offerings around the world. Journal of Financial Economics (2022)

Ferreruela, S.; Kallinterakis, V.; Mallor, T. Cross-Market Herding: Do ‘Herds’ Herd with Each Other?v Journal of Behavioral Finance (2022)

Angerera, Martin; Neugebauer, Tibor; Shachat, Jason. Arbitrage bots in experimental asset markets. Journal of Economic Behavior and Organization (2022)

Shachat, J., & Wang, H. (2022). Are you experienced? How the time spacing of traders' market experience impacts bubble formation in experimental asset markets. In S. Füllbrunn, & E. Haruvy (Eds.), Handbook of Experimental Finance (267-280). Edward Elgar Publishing

Bilal; Nasir, Adeel; Farooq, Umar; Bashir, Muhammad Farhan. Stock returns, government response strategies, and daily new case bursts during COVID‐19: A cross‐country perspective. International Journal of Finance and Economics (2022)

Shachat, Jason; Tan, Lijia. How auctioneers set reserve prices in procurement auctions. European Journal of Operational Research (2022)

Bilal; Tan, Duojiao; Komal, Bushra; Ezeani, Ernest; Usman, Muhammad; Salem, Rami. Carbon emission disclosures and financial reporting quality: Does ownership structure and economic development matter? Environmental Science and Policy (2022)

Walker, Matthew J.; Katok, Elena; Shachat, Jason. Trust and Trustworthiness in Procurement Contracts with Retainage. Management Science (2022)

Marino Fages, Diego; Morales Cerda, Matías. Migration and social preferences. Economics Letters (2022)

Chernulich, Aleksei; Horowitz, John; Rabanal, Jean Paul; Rud, Olga; Sharifova, Manizha. Entry and exit decisions under public and private information: an experiment. Experimental Economics (2022)

Arbatlı, Cemal Eren; Gokmen, Gunes. Human capital transfers and sub-national development: Armenian and Greek legacy in post-expulsion Turkey. Journal of Economic Growth (2022)

Shachat, Jason; Srinivasan, Anand. Informational price cascades and non-aggregation of asymmetric information in experimental asset markets. Journal of Behavioral Finance (2022)

Getik, Demid; Meier, Armando N. Peer gender and mental health. Journal of Economic Behavior and Organization (2022)

Kuroda, Michael; Li, Jieran; Shachat, Jason; Wei, Lijia; Zhu, Bochen. An experimental study of intra- and international cooperation: Chinese and American play in the Prisoner's Dilemma Game. China Economic Review (2022)

Pan, Jinrui; Shachat, Jason; Wei, Sijia. Cognitive stress and learning economic order quantity inventory management: An experimental investigation. Decision Analysis (2022)

2021

Arbatlı, C. E. (2023). The Armenians of Aintab: The Economics of Genocide in an Ottoman Province. By Ümit Kurt. Cambridge, MA: Harvard University Press, 2021.Kirchkamp, Oliver; Oechssler, Joerg; Sofianos, Andis. The Binary Lottery Procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks. Journal of Economic Behavior and Organization (2021)

Andrikopoulos, P.; Gebka, B.; Kallinterakis, V. Regulatory mood-congruence and herding: Evidence from cannabis stocks. Journal of Economic Behavior and Organization (2021)

Duong, H.N.; Goyal, A.; Kallinterakis, V.; Veeraraghavan, M. Market manipulation rules and IPO underpricing. Journal of Corporate Finance (2021)

Gavriilidis, K.; Kallinterakis, V.  Herding in Imperial Russia: Evidence from the St. Petersburg Stock Exchange (1865–1914). Journal of Behavioral Finance (2021)

Charteris, A.; Kallinterakis, V. Feedback trading in retail-dominated assets: Evidence from the gold bullion coin market. International Review of Financial Analysis (2021)

Karaa, R.; Slim, S.; Goodell, J.W.; Goyal, A.; Kallinterakis, V. Do investors feedback trade in the Bitcoin—and why? European Journal of Finance              (2021)

Stavroglou, S.K.; Ayyub, B.M.; Kallinterakis, V.; Pantelous, A.A.; Stanley, H.E. A Novel Causal Risk-Based Decision-Making Methodology: The Case of Coronavirus. Risk Analysis (2021)

Shchukin, Vladimir; Arbatli, Cemal Eren. Clientelism and development: Vote-buying meets patronage. Journal of Theoretical Politics (2021)

Anufriev, Mikhail; Chernulich, Aleksei; Tuinstra, Jan. Asset price volatility and investment horizons: An experimental investigation. Journal of Economic Behavior and Organization (2021)

Gjerstad, S.; Shachat, J.  Jason Shachat. Individual Rationality and Market Efficiency. Nonlinear Dynamics, Psychology, and Life Sciences (2021)

Arbatli, Cemal Eren; Gomtsyan, David. Sectarian aid, sanctions and subnational development. European Economic Review (2021)

Chernulich, Aleksei. Modelling reference dependence for repeated choices: A horse race between models of normalisation. Journal of Economic Psychology (2021)

Guo, Y.; Shachat, J.; Walker, M.J.; Wei, L. Viral social media videos can raise pro-social behaviours when an epidemic arises. Journal of the Economic Science Association (2021)

Shachat, J.; Walker, M.J.; Wei, L. How the onset of the Covid-19 pandemic impacted pro-social behaviour and individual preferences: Experimental evidence from China. Journal of Economic Behavior and Organization (2021)

Ezeani, Ernest; Salem, Rami; Kwabi, Frank; Boutaine, Khalid; Bilal; Komal, Bushra. Board monitoring and capital structure dynamics: evidence from bank-based economies. Review of Quantitative Finance and Accounting (2021)

Shachat, J.; Walker, M.J.; Wei, L. The Impact of an Epidemic: Experimental Evidence on Preference Stability from Wuhan. AEA Papers and Proceedings (2021)

Komal, Bushra; Bilal; Ezeani, Ernest; Shahzad, Asim; Usman, Muhammad; Sun, Juncheng. Age diversity of audit committee financial experts, ownership structure and earnings management: Evidence from China. International Journal of Finance and Economics (2021)

2020

Heinrich, T.; Shachat, J.  The development of risk aversion and prudence in Chinese children and adolescents. Journal of Risk and Uncertainty (2020)

Aköz, Kemal Kıvanç; Arbatli, Cemal Eren; Celik, Levent. Manipulation Through Biased Product Reviews. The Journal of Industrial Economics (2020)

Kallinterakis, V.; Liu, F.; Pantelous, A.A.; Shao, J. Pricing inefficiencies and feedback trading: Evidence from country ETFs. International Review of Financial Analysis (2020)

Gavriilidis, K.; Kallinterakis, V.; Öztürkkal, B. Does mood affect institutional herding? Journal of Behavioral and Experimental Finance (2020)

Andrikopoulos, P.; Cui, Y.; Gad, S.; Kallinterakis, V. Feedback trading and the ramadan effect in frontier markets. Research in International Business and Finance (2020)

Pan, J.; Shachat, J.; Wei, S. Cognitive reflection and economic order quantity inventory management: An experimental investigation. Managerial and Decision Economics (2020)

Arbatli, Cemal Eren; Ashraf, Quamrul H.; Galor, Oded; Klemp, Marc. Diversity and Conflict. Econometrica (2020)

2019

Proto, Eugenio; Rustichini, Aldo; Sofianos, Andis. Intelligence, Personality, and Gains from Cooperation in Repeated Interactions. Journal of Political Economy (2019)

Cui, Y.; Gebka, B.; Kallinterakis, V. Do closed-end fund investors herd? Journal of Banking and Finance. (2019)

Kallinterakis, V.; Wang, Y. Do investors herd in cryptocurrencies – and why? Research in International Business and Finance (2019)

Harrison, G.W.; Lau, M.; Ross, D. The Risk of Gambling Problems in the General Population: A Reconsideration. Journal of Gambling Studies (2019)

Lau, M., Yoo, H., & Zhao, H. Temporal Stability of Cumulative Prospect Theory. In G. Harrison, & D. Ross (Eds.), Models of Risk Preferences: Descriptive and Normative Challenges. Emerald. (2019)

Arbatli, Cemal Eren; Gomtsyan, David. Voting retrospectively: Critical junctures and party identification. European Economic Review (2019)

Harrison, G.W.; Lau, M.; Yoo, H.I. Risk Attitudes, Sample Selection and Attrition in a Longitudinal Field Experiment. The Review of Economics and Statistics (2019)

Pan, J.; Webb, C.; Zank, H. Delayed Probabilistic Risk Attitude: A Parametric Approach. Theory and Decision (2019)