Welcome to my academic homepage!

I am an Associate Professor of Finance at Aarhus University, School of Business and Social Sciences and a Research Fellow of the Danish Finance Institute (DFI). Before I worked for three years as an Associate Professor at Kühne Logistics University in Hamburg. From 2012 to 2017 I was Assistant Professor of Finance and Banking at the University of Mannheim, where I also obtained my PhD. Earlier, I studied Economics at the University of Cologne. I was a visiting scholar at Duke University, Fuqua School of Business, and Aalto University, Helsinki.

My research interests include Behavioral Finance, Household Finance, Experimental Economics, Decision Research, and Digital Finance. Among other topics, I analyze how individual investors convert their beliefs and preferences into actions in financial markets. I have extensively studied phenomena such as investor overconfidence and loss aversion. I further analyze how financial professionals (in particular analysts) process information and form expectations. In newer work, I explore imminent societal challenges such as digitalization and demographic change. For example, I examine financial technology companies (FinTechs) and how their customers accept them.

My current teaching includes courses on Corporate Valuation and Behavioral Finance. I have taught various courses at ALBA Graduate Business School Athens, KLU, University of Mannheim, University of Münster, University of Cologne, and for the VHB.


  • Never won a paper prize, but this time I was a finalist for the Spängler IQAM award for the best investments paper published in the Review of Finance. Close but no cigar! (28.08.2020)
  • Our paper Closing a Mental Account: The Realization Effect for Gains and Losses has been accepted by Experimental Economics. The paper is open access (03.07.2020)
  • In this article for the Journal of Financial Transformation, I argue that human financial advisors and asset managers will survive the competition of robo-advisors if they interpret their role as "money doctors" rather than "stock pickers" (18.05.2020)