Rene Schwaiger, PhD

Rene Schwaiger, PhD

I am a Post Doctoral Researcher at the Department of Banking and Finance and the Scientific Coordinator of Lab Operations at the Innsbruck EconLab at the University of Innsbruck. My research focuses on experimental economics, especially environmental economics, experimental finance, and meta-science.

Posts by Collection

portfolio

publications

Determinants of investor expectations and satisfaction. A study with financial professionals

Published in Journal of Economic Dynamics & Control, 2019

We investigate determinants of price expectations and satisfaction levels of financial professionals and students.

Recommended citation: Schwaiger, R., Kirchler, M., Lindner, F., & Weitzel, U. (2020). Determinants of investor expectations and satisfaction: A study with financial professionals. Journal of Economic Dynamics & Control, 110, 103675.
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Do MTurkers exhibit myopic loss aversion?

Published in Economics Letters, 2021

We present results from a highly powered online experiment with 937 participants on Amazon Mechanical Turk (MTurk) that examined whether MTurkers exhibit myopic loss aversion (MLA).

Recommended citation: Schwaiger, R., Hueber, L. (2021). Do MTurkers exhibit myopic loss aversion?. Economics Letters, 209, 110137.
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Mean markets or kind commerce?

Published in Journal of Public Economics, 2022

Does market interaction influence morality? We study a particular angle of this classic question theoretically and experimentally.

Recommended citation: Dufwenberg, M., Stenman, O.J., Kirchler, M., Lindner, F., Schwaiger, R., (2022). Mean markets or kind commerce?. Journal of Public Economics, 2019, 104648.
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Debiasing through experience sampling: The case of myopic loss aversion

Published in Journal of Economic Behavior and Organization, 2022

We introduce a training intervention based on a novel tool to mitigate behavior consistent with myopic loss aversion (MLA).

Recommended citation: Hueber, L., Schwaiger, R. (2022). Debiasing through experience sampling: The case of myopic loss aversion. Journal of Economic Behavior and Organization, 198, 97-138.
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Nudging debtors to pay their debt: Two randomized controlled trials

Published in Journal of Economic Behavior and Organization, 2022

We conducted two large-scale, highly powered randomized controlled trials intended to encourage consumer debt repayments.

Recommended citation: Holzmeister, F., Huber, J., Kirchler, M., Schwaiger, R. (2022). Nudging debtors to pay their debt: Two randomized controlled trials. Journal of Economic Behavior and Organization, 198, 535-551.
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Unequal opportunities, social groups, and redistribution: Evidence from Germany

Published in Journal of Behavioral and Experimental Economics, 2022

In this paper we investigate the generalizability of the role of unequal opportunities and social group membership in redistributive preferences and examine the interaction between these two dimensions.

Recommended citation: Schwaiger, R., Huber, J., Kirchler, M., Kleinlercher, D. (2022). Unequal opportunities, social groups, and redistribution: Evidence from Germany. Journal of Behavioral and Experimental Economics, 100, 101911.
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Carbon Pricing, Carbon Dividends and Cooperation: Experimental Evidence

Published in Journal of Economic Behavior and Organization, 2024

We investigated whether carbon taxes with and without carbon dividends improve cooperative behavior to mitigate simulated climate change.

Recommended citation: Bachler, S., Flecke, S.L., Huber, J., Kirchler, M., Schwaiger, R., (2024). Carbon Pricing, Carbon Dividends and Cooperation: Experimental Evidence, Journal of Economic Behavior and Organization, 225, 37-50.
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Nature Experiences and Pro-Environmental Behavior: Evidence from a Randomized Controlled Trial

Published in Journal of Environmental Psychology, 2024

Exposure to nature is positively associated with pro-environmental behavior, though causal evidence to date is limited. We conducted a randomized controlled trial with N=542 participants, to explore whether a one-time encounter with nature can lead individuals to behave more pro-environmentally.

Recommended citation: Flecke, S.L., Huber, J., Kirchler, M., Schwaiger, R., (2024). Nature Experiences and Pro-Environmental Behavior: Evidence from a Randomized Controlled Trial, Journal of Environmental Psychology, 99, 102383.
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Replication by Plebiscite: Examining the Replicability of Online Experiments Selected by a Decision Market

Published in Forthcoming: Nature Human Behavior, 2024

We implemented a decision market on 41 systematically selected MTurk social science experiments published in PNAS between 2015 and 2018. Social scientists traded on the outcome of direct replications, knowing that certain studies would be selected for replication based on market prices.

Recommended citation: Holzmeister, F., Johannesson, M., Camerer, C. F., Chen, Y., Ho, T-H., Hoogeveen, S., Huber, J., Imai, N., Imai, T., Jin, L., Kirchler, M., Ly, A., Mandl, B., Manfredi, D., Nave, G., Nosek, B. A., Pfeiffer, T., Sarafoglou, A., Schwaiger, R., Wagenmakers, E-J., Waldén, V., Dreber, A. (2024). Replication by Plebiscite: Examining the Replicability of Online Experiments Selected by a Decision Market, Forthcoming: Nature Human Behavior.
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The Consequences of Narrow Framing for Risk-Taking: A Stress Test of Myopic Loss Aversion

Published in Forthcoming: Management Science, 2024

Narrow bracketing in combination with loss aversion has been shown to reduce individual risk-taking. This is known as myopic loss aversion (MLA) and has been corroborated by many studies.

Recommended citation: Schwaiger, R., Strucks, M., Zeisberger, S. (2024). The Consequences of Narrow Framing for Risk-Taking: A Stress Test of Myopic Loss Aversion, Forthcoming: Management Science.
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talks

teaching

PS Financial Management

Undergraduate Course, University of Innsbruck, Department of Banking and Finance, 2018

This undergraduate course covers the fundamental principles of financial management, including financial planning, capital budgeting, and financial analysis.

Co-supervision of Bachelor Theses

Undergraduate Supervision, University of Innsbruck, Department of Economics, 2018

Co-supervised bachelor theses on various topics within economics and finance, providing guidance on research methodologies, data analysis, and academic writing.

Bachelor’s Seminar

Undergraduate Seminar, University of Innsbruck, Department of Economics, 2021

This seminar course is designed for final-year undergraduate students to present and discuss their research projects. It provides a platform for students to receive feedback and improve their work before submission.

Core Module Corporate Finance

Graduate Course, Danube University Krems, MBA Program, 2021

This MBA core module covers advanced topics in corporate finance, including financial strategy, valuation, and corporate governance.

Corporate Decision-Making and Societal Responsibility

Undergraduate Course, University of Innsbruck, Department of Economics, 2022

This course examines the intersection of corporate decision-making and societal responsibility, with a focus on sustainable and ethical business practices. The course is structured to include lectures, discussions, and group presentations to deepen understanding and practical application of the topics.

Portfolio College Expert

Professional Course, Hypo Tirol Bank, 2024

This course focuses on advanced portfolio management strategies, investment analysis, and risk management. It is designed for professionals seeking to enhance their expertise in financial markets and portfolio management.