News

Consequence of corona: Economic downturn worldwide, layoffs of workers are likely. How do workers’ respond to layoffs of co-workers? See the call-center RCT by cluster members Matthias Heinz & Matthias Sutter, forthcoming Economic Journal. more

In 2016 the Hamburg Philharmonic State Orchestra launched a cooperation with the Max Planck Society for the Advancement of Science e.V. featuring the interdisciplinary series of events entitled 'Music and Science'. more

Zwetelina Iliewa and her colleagues examine the stock market expectations of financial professionals. The result: Experts' expectations about future stock market returns are driven by their personal experiences instead of objective financial information. more

If a lie could harm their image, people are more likely to forgo financial benefits more

We congratulate ECONtribute for being honored with the “Jenny Gusyk Award 2019” for their equal opportunity strategy! The award was presented during a ceremony at the University of Cologne to Prof. Matthias Heinz, ECONtribute’s representative of equal opportunity. more

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The newly founded Institute for Ethics in Artificial Intelligence at the Technical University Munich awarded Anna Baumert a 3-year grant for the interdisciplinary project "Personalized AI-based Interventions Against Online Norm Violations: Behavioral Effects and Ethical Implications“. more

Zwetelina Iliewa and her colleagues examine the stock market expectations of financial professionals. The result: Experts' expectations about future stock market returns are driven by their personal experiences instead of objective financial information. more

The social networks one belongs to in a classroom can have a bearing on the people’s beliefs. more

The Pope has appointed Christoph Engel as a Member of the Pontifical Academy of the Social Sciences. The aim of the Academy is to promote the study and the progress of the social sciences, in the interest of offering more

Every year, the Max Planck Society awards a selection of junior scientists the Otto Hahn Medal for their outstanding scientific achievements. Angelo received the prize for his work on human more

Rooms with sea view, flights non-stop, seats with more legroom: When booking online, you can precisely sort the hits via filters. The price for this convenience: Disclosing your preferences. Who profits more from these filters? ... more

The institute held a symposium in the honor of Martin Hellwig, on the occasion of his 70th birthday. Nobel laureates Oliver Hart and Jean Tirole gave keynotes. more

Franz Böhm Is Dead. Long Live Franz Böhm! Possibilities of Integrating Economics and Legal Studies in a Changed Environment. The Freiburg School of the 1930s and 40s was particularly marked by cooperation between legal scholars and economists. For the founders of the Freiburg School, the jurist Franz Böhm and the economist Walter Eucken, it was perfectly natural that these two areas should work together in order to explain the influence of institutional conditions on economic life. more

The Max Planck Society establishes the new International Max Planck Graduate School on Behaviorally Smart Institutions (or in short BeSmart). more

We mourn the death of Felix Höffler, who had been a senior research fellow at the institute in 2004-2007. more

Now the video recordings of the Max Planck Forum can be found on Youtube. more

Harvard Business Manager is featuring an interview with Zwetelina Iliewa in its 2/2019 edition: "Deceptive charts" more

Armin Steinbach has been awarded the Science Prize of the German Society of Legislation (Deutsche Gesellschaft für Gesetzgebung). The prize awards his habilitation on "Rational Legislation". more

Stefanie Egidy has been made a member of the Junges Kolleg of the North Rhine-Westphalian Academy of Sciences, Humanities and the Arts (Akademie der Wissenschaften und der Künste NRW). more

Large-scale study identifies hundreds of genes associated with risk tolerance and risky behaviors. New findings point to some biological mechanisms that influence overall risk-taking

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On 27 December 2018, the FAZ (Frankfurter Allgemeine Zeitung) published an article on financial literacy of adolescents. The article with the title "Why life costs more than expected" cites a research project of Prof. Matthias Sutter, Dr. Michael Weyland, Manuel Froitzheim, and Anna Untertrifaller. more

During the dutch national conference of social psychology in Nijmegen, Angelo Romano has been awarded the "ASPO award for best dissertation". more

In September and October, researchers of Prof. Sutter's research group led by Dr. Sebastian Schneider visited schools in North-Rhine Westphalia, Rhineland Palatinate and Baden-Württemberg in the context of the Max Planck Day. more

Jens Frankenreiter received the SIAF Award for his Ph.D. thesis on "Judges, Politics, and the Law". The Swiss Institute of International Studies together with Ernst & Young award for the eighth time the annual SIAF Award for an outstanding PhD or master’s thesis at the University or ETH Zurich. more

Das Max-Planck-Forum am 20. November in Bonn widmete sich Faktoren, die das Leben erfolgreich verlaufen lassen. more

Matthias Sutter was a guest SWR2 Matinee: Gerechtigkeit Geben und Nehmen – Die Lust am Teilen, Sonntagsfeuilleton mit Georg Brandl, Sunday, 11 November, 9:03-12:00. (Radio) more

The degree of willingness among men and women to assert themselves in competition can be balanced out. more

Closing the gender gap in competitiveness through priming more

Directors Hellwig and Sutter to Form Part of a Team of Principal Investigators

"ECONtribute: Markets & Public Policy", a joint proposal from the universities of Bonn and Cologne, is the only mainly economics-based proposal in Germany to have been selected as a so-called Cluster of Excellence within the framework of the German Universities Excellence Initiative. more

Angelo Romano has won the FGB Junior Career award for his dissertation titled “The power of reciprocity to promote cooperation” (supervisor Daniel Balliet, promotor Paul van Lange). The faculty (c.q. the PEC) annually awards the FGB Junior Career Award to a talented PhD student who is in the latter stages of the PhD trajectory, or has recently graduated. The award is granted to the candidate as an appreciation of his/her contribution to the scientific field of study and as encouragement in the early stage of an a academic career. more

Congratulations to Isabel Schnabel, research affiliate and former member (2004 – 2007) of the institute, for being given the Gustav Stolper Award of the Verein für Socialpolitik, the professional association of German-speaking economists! more

Angelo Romano won the best dissertation in social psychology award in Italy (for the year 2017-2018). The award is granted by the Italian Association of Psychology (AIP). more

Martin Hellwig was co-opted as a member of the Finance Theory Group. more

Pascal Langenbach was honored with the Otto Hahn Medal for his extraordinary research on the experimental proof that being heard before the issue of an administrative ruling increases acceptance. more

"Warum finanzielle Grundbildung wichtig ist. Sie hilft, teure Fehler bis hin zur Schuldenfalle zu vermeiden – die Schulen könnten helfen", FAZ, S. 16, 11. Juni 2018, Nr. 132   more

Prof. Matthias Sutter with his Exerimental Economics Group (EEG) held the Inaugural Conference in Bonn with many of the finest scholars from the field. more

Zwetelina Iliewa's paper "Thinking about Prices versus Thinking about Returns in Financial Markets" (with Markus Glaser and Martin Weber) is forthcoming in the Journal of Finance. more

Die ZEIT online published an interview with Matthias Sutter: "Grillen im Park: 'Auch Erwachsene lassen sich noch erziehen'. Pappteller, Bierdosen, Reste – am Wochenende werden Parks zu Müllhalden. Warum Dreck eher auf der Wiese als im Müll landet, erklärt der Verhaltensökonom Matthias Sutter." more

The Frankfurter Allgemeine Zeitung published two articles on the work of Matthias Sutter. more

Hanjo Hamann was awarded the 2018 Manfred Fuchs Prize of the Academy of Sciences at Heidelberg (Germany). more

Martin Hellwig was co-opted as a corresponding member by the Académie des sciences morales et politiquesin Paris. more