Stefan Trautmann received his PhD in Economics from the Erasmus University Rotterdam in 2009. He was a post-doc at the Department of Social Psychology at Tilburg University for two years, and then became an assistant professor and subsequently tenured associate professor at the Department of Economics at Tilburg University. In 2014 he was appointed full professor of Behavioral Finance at Heidelberg University. Stefan Trautmann is an associate editor at various journals, including Management Science, Journal of Economic Psychology and PLOS ONE. His research interests concern financial decision making under uncertainty, social preferences and ethics, and the psychology of economic decision making more generally. His work has been published in leading economics, finance and psychology outlets such as the American Economic Review, Psychological Science, and Management Science. He served as a consulting expert to the World Bank, the European Commission, and the German Federal Institute for


Financial decisions under risk and uncertainty; social preferences and ethics; psychology of economic behavior


Recent publications

  1. Good decision vs. good results - Outcome bias in the evaluation of fi…

    Koenig-Kersting, C., Pollmann, M., Potters, J., & Trautmann, S. T. (2021). Good decision vs. good results: Outcome bias in the evaluation of financial agents. Theory and Decision, 90(1), 31-61.
  2. Done Deal! Advisor impact on Pricing, Premia, Returns, and Deal Compl…

    Ecer, C. F. J., & Trautmann, S. (2020). Done Deal! Advisor impact on Pricing, Premia, Returns, and Deal Completion in M&A. (CentER Discussion Paper; Vol. 2020-032). CentER, Center for Economic Research.
  3. Inequality, fairness and social capital

    Fehr, D., Rau, H., Trautmann, S. T., & Xu, Y. (2020). Inequality, fairness and social capital. European Economic Review, 129, [103566].
  4. Gender bias in the evaluation of teaching materials

    Oezguemues, A., Rau, H. A., Trautmann, S. T., & Konig-Kersting, C. (2020). Gender bias in the evaluation of teaching materials. Frontiers in Psychology, 11, [1074].
  5. Marriage, parenthood and social network - Subjective well-being and m…

    Becker, C., Kirchmaier, I., & Trautmann, S. (2019). Marriage, parenthood and social network: Subjective well-being and mental health in old age. PLOS ONE, 14(7), [e0218704].

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