This thesis provides a comparative perspective on current macro-financial phenomena. Understanding the causes and consequences of rare macroeconomic events and secular trends is inherently difficult. Competing theories and ...

This dissertation consists of three self-contained essays that investigate the interconnectedness of labor markets and household finance. The first two chapters focus on differences in workers' labor market experience and ...

Times of severe economic crisis are, fortunately, rare events. Large recessions, such as the Great Depression of the 1930s or the Great Recession during the late 2000s, have detrimental effects on all economic sectors. ...

This thesis has two aims, first, to contribute to the scientific understanding of human behavior and decisions, namely, social preferences (here: reciprocity), belief formation, and goal setting and feedback. Second, to ...

This thesis analyzes key determinants of financial intermediation and financial stability in three self-contained parts.
The first part explores banks' lending behavior by analyzing the social ties within a ...

The benchmark model of economics, expected utility theory, assumes that individuals manage uncertainty by forming beliefs about all relevant events and that these beliefs satisfy the probability axioms. There is ample scope ...

This thesis consists of three self-contained chapters in applied microeconomic theory. A common feature of all three projects is communication about private information in different strategic environments. In Chapter 1, I ...

In this dissertation, I contribute to the literature on Behavioral Microeconomic Theory by analyzing the consequences of well-established departures from rationality and their remedies in strategic interactions. More ...

Beliefs govern how individuals interact with the world around them. Their pivotal role in decision-making processes has led to great interest in how they are formed and arguably of more importance, how they are changed. ...

This dissertation is composed of four chapters with two overarching themes. In the first two chapters, we analyze common-value auctions in which bidders are either uninformed about the number of their competitors or their ...