PEAK-EXPERT

Michael Kirchler

Michael Kirchler is a professor at the Institute of Banking and Finance and spokesperson for SFB (Special Research Area) Credence Goods, Incentives and Behaviour. His research focuses on human behaviour in economic and financial decision-making situations. For example, he also examines the attitudes to the climate crisis among financial experts and climate experts. He is co-author of the Austrian Climate Report (AAR2), which is currently being prepared.

About

Michael Kirchler is an economist and works as a professor of finance, together with his team, in the field of behavioural economic research. He primarily uses the methodology of laboratory and field experiments.

In these experiments, he recreates stock markets in order to research the causes of speculative bubbles or the consequences of financial transaction taxes. Michael Kirchler also uses experimental methodology to address the question of the interplay between morality and the market and investigates so-called cognitive biases (behavioural biases), which cause systematically erroneous decisions in everyday situations. In international research collaborations, Michael Kirchler and his team also investigate the robustness of scientific results and devote themselves to novel methods in which not one research team, but dozens or hundreds of teams work on the same problem in order to generate more reliable knowledge more quickly.

He is head of the newly created research centre Innsbruck Decision Sciences and spokesperson for the FWF-funded special research area "Credence Goods, Incentives and Behavior."

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