Virtual Experimental Finance Workshop (vEFW): Part I and II

On November 11th and November 18^th,  Sascha Füllbrunn (Radboud University, Institute for Management Research) and Ernan Haruvy (McGill University, Montreal), hosted the first virtual Experimental Finance Workshop via zoom. On each day, eight speakers presented their current research projects accompanied by discussants. More than one-hundred participants entered the ‘room’ each day. Martin Weber (University of Mannheim, Germany) gave the keynote on the relevance of experiments in finance and Charles Noussair (University Arizona) held the second keynote about quantile preference together with his view on the methodology. European participants were attending in the late afternoon, the West-coast US participants had to get up quite early, and Asia-Pacific participants had a long night. Sascha and Ernan used the meeting to talk about the setup of their planned Handbook of Experimental Finance. This meeting was co-presented by the hotspot Integrated Decision Making. The hosts are amazed upon the interest of the community in the workshops. Due to the great success, they scheduled a third meeting on January 13^th, 2021 with Brice Corgnet (EM-Lyin Business School) being the keynote speaker. Find more information here.

Sascha Füllbrunn (Radboud University) & Ernan Haruvy (McGill University)

Acknowledgements: We want to thank the speakers and discussants for their contribution. Furthermore, Sascha wants to thank the research hotspot Integrated Decision Making for further support.

Schedule

November 11^th, 2020

15 min break

15 min break

November 18^th, 2020

15 min break

15 min break

Timezones:

CET - Central Europan Time - Germany, The Netherlands, Austria, France, Norway,…
EST - Eastern Standard Time - Toronto, New York, Miami,…
WST - Western Standard Time - Vancouver, Los Angeles,…

Format

In each session, we have four 25 min talks including 5-10 minute discussion. In your talk, please keep consider the most relevant (experimental aspects) of the talk, the resultas and conclusion,  and of course a short motivation on why your experiment is relevant. Our goal is to critically reflect on your design, whether it fits with the motivation, and whether your way to conduct the analysis is feasible to suggest improvements.

During the presentations, audience members are strongly encouraged to enter their questions as text on the Zoom platform. Questions can pertain to the specific paper being presented in the session (which can be answered by both presenter and discussant) or to a broader question that is related to the topic. A moderator will prioritize these questions and bring them before the panel, with priority given to broader questions that the panel can answer as a whole. The objective is to solidify a list of priorities and understandings or top open new questions to be discussed in the Handbook. The Handbook is intended to introduce cutting edge approaches and open new directions for research, and so questions that lead the panel to address such broader issues will be prioritized. However, all audience questions will be summarized  (with credit appropriately given) and will be shared, with credit, with the panel and workshop attendees to be able to address at any point.

Handbook of Experimental Finance

With the workshop, we also want to bring your attention to the Handbook of Experimental Finance. We aim to organize such a book seeking finance papers using experimental finance methodology. The publication is planned in summer 2022. We are aware of the fact that researchers aim for submitting to top finance journals. However, we want to provide an opportunity to submit such papers that fall under the arguments below. Of course, we will have a referee process.

• Papers that explore a broader set of problems that cannot be condensed to a contribution soundbite that reviewers and editors can quickly digest.
• Papers that have a broader agenda that is not suitable to the rigid narrow contribution format of journals.
• Papers that have a broader overview than the typical journal article.
• Papers that are methodologically too dense for a journal article.
• Papers that are cross-disciplinary to where they cannot fit a narrow gap in the literature.
• Papers that are innovative in terms of methodology that would face resistance.
• Papers that are too far from the mainstream experimental economics approaches to be deemed acceptable (i.e., MTurk studies; survey studies; studies involving hypothetical scenarios; studies involving deception).
• Papers that are too close to existing works to be able to articulate a significant difference.
• Replication papers that replicate existing results.
• Replication papers that fail to replicate existing results.
• Review papers; also review papers on special experimental designs which would be uninteresting for a field journal but relevant for the methodology.

We will provide further information after the workshop.