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Home | People | Utz Weitzel

Utz Weitzel

Research Fellow

Vrije Universiteit Amsterdam
Research field
Behavioral-finance, Corporate-finance, Field Experiments, Finance, Networks


Utz Weitzel is Professor of Experimental Finance at the VU Amsterdam and at Radboud University. Previously he was Professor of Finance at Utrecht University. He received a PhD from the Humboldt-University Berlin, was a post-doc at the J.L. Kellogg Graduate School of Management, and a Research Fellow at the Max Planck Institute of Economics. He is director of the Society for Experimental Finance. His research focuses on experimental finance/economics and behavioral finance.

List of publications

Schwaiger, R., Kirchler, M., Lindner, F. and Weitzel, U. (2020). Determinants of investor expectations and satisfaction. A study with financial professionals Journal of Economic Dynamics and Control, 110:.

Janssen, D.J., Li, J., Qiu, J. and Weitzel, U. (2020). The disposition effect and underreaction to private information Journal of Economic Dynamics and Control, 113:1--28.

Weitzel, U., Huber, C., Huber, J., Kirchler, M., Lindner, F. and Rose, J. (2020). Bubbles and Financial Professionals Review of Financial Studies, 33(6):2659--2696.

Kirchler, M., Lindner, F. and Weitzel, U. (2020). Delegated investment decisions and rankings Journal of Banking and Finance, 120:1--10.

Füllbrunn, S., Janssen, D.J. and Weitzel, U. (2019). RISK AVERSION AND OVERBIDDING IN FIRST PRICE SEALED BID AUCTIONS: NEW EXPERIMENTAL EVIDENCE Economic Inquiry, 57(1):631--647.

Heinicke, F., Rosenkranz, S. and Weitzel, U. (2019). The effect of pledges on the distribution of lying behavior: An online experiment Journal of Economic Psychology, 73:136--151.

Janssen, D.J., Füllbrunn, S. and Weitzel, U. (2019). Individual speculative behavior and overpricing in experimental asset markets Experimental Economics, :653--675.

Kirchler, M., Lindner, F. and Weitzel, U. (2018). Rankings and Risk-Taking in the Finance Industry The Journal of Finance, 73(5):2271--2302.

Weitzel, U. and Kling, G. (2018). Sold Below Value? Why Takeover Offers Can Have Negative Premiums Financial Management, 47(2):421--450.

Goyal, S., Rosenkranz, S., Weitzel, U. and Buskens, V. (2017). Information Acquisition and Exchange in Social Networks Economic Journal, 127(606):2302--2331.

Fairley, K. and Weitzel, U. (2017). Ambiguity and risk measures in the lab and students’ real-life borrowing behavior Journal of Behavioral and Experimental Economics, 67:85--98.

Danakol, S.H., Estrin, S., Reynolds, P. and Weitzel, U. (2017). Foreign direct investment via M&A and domestic entrepreneurship: blessing or curse? Small Business Economics, 48(3):599--612.

Qiu, J. and Weitzel, U. (2016). Experimental evidence on valuation with multiple priors Journal of Risk and Uncertainty, 53(1):55--74.

Fairley, K., Sanfey, A., Vyrastekova, J. and Weitzel, U. (2016). Trust and risk revisited Journal of Economic Psychology, 57:74--85.

Füllbrunn, S., Rau, HolgerA. and Weitzel, U. (2014). Does ambiguity aversion survive in experimental asset markets? Journal of Economic Behavior and Organization, 107(PB):810--826.

Weitzel, U., Kling, G. and Gerritsen, D. (2014). Testing the fire-sale FDI hypothesis for the European financial crisis Journal of International Money and Finance, 49(PB):211--234.

Muehlfeld, K., Weitzel, U. and van Witteloostuijn, A. (2013). Fight or freeze? Individual differences in investors' motivational systems and trading in experimental asset markets Journal of Economic Psychology, 34:195--209.

Rosenkranz, S. and Weitzel, U. (2012). Network structure and strategic investments: An experimental analysis Games and Economic Behavior, 75(2):898--920.

Urbig, D., Weitzel, U., Rosenkranz, S. and Witteloostuijn, A.V. (2012). Exploiting opportunities at all cost? Entrepreneurial intent and externalities Journal of Economic Psychology, 33(2):379--393.

Muehlfeld, K., Weitzel, U. and van Witteloostuijn, A. (2011). Mergers and acquisitions in the global food processing industry in 1986-2006 Food Policy, 36(4):466--479.

Weitzel, U., Urbig, D., Desai, S., Sanders, M. and Acs, Z. (2010). The good, the bad, and the talented: Entrepreneurial talent and selfish behavior Journal of Economic Behavior and Organization, 76(1):64--81.

Cefis, E., Rosenkranz, S. and Weitzel, U. (2009). Effects of coordinated strategies on product and process R&D Journal of Economics, 96(3):193--222.