FH-Prof. Priv.-Doz. Michael Razen, PhD

2023 - heute
Leiter Department & Studiengänge Wirtschaft & Management - MCI | The Entrepreneurial School®

2017 - 2022
Assistenzprofessor - Universität Innsbruck

2014 - 2016
Wissenschaftlicher Mitarbeiter - Universität Innsbruck

2009 - 2011
Studienassistent in Forschung und Lehre - Universität Innsbruck

2017 - 2023
Habilitation in Volkswirtschaftslehre - Universität Innsbruck (Priv.-Doz.)

2013 - 2017
Doktorat in Volkswirtschaftslehre - Universität Innsbruck (PhD)

2011
Student Exchange Program - University of New Orleans

2011 - 2012
Masterstudium Finance and Economics - London School of Economics (MSc)

2008 - 2011
Bachelorstudium Wirtschaftswissenschaften - Universität Innsbruck (BSc)

Statistische Datenanalyse. Tutorium (BSc Wirtschaftswissenschaften). - Universität Innsbruck

Investition und Finanzierung. Vorlesungsübung (BSc Wirtschaftswissenschaften). - Universität Innsbruck

International Finance. Vorlesung und Seminar (Diplomstudium Internationale Wirtschaftswissenschaften). - Universität Innsbruck

Forschungsaufenthalt - Universität Göteborg

Forschungsaufenthalt, Gastvortrag - Stockholm School of Economics

Angewandte Empirische Finanzmarktforschung. Vorlesung und Seminar (MSc Banking and Finance). - Universität Innsbruck

The Economics of Information, Information Technologies and Human Behavior. Vorlesungsübung (MSc Digital Business). - Universität Innsbruck

Market Efficiency. Vorlesung und Seminar (MSc Banking and Finance). - Universität Innsbruck

Entscheidungen im Marktkontext. Seminar (MSc Management & Leadership). - MCI | The Entrepreneurial School®

Master Thesis Seminar (MA International Business & Management) - MCI | The Entrepreneurial School®

Entrepreneurial Business Labs (MA International Business & Management) - MCI | The Entrepreneurial School®

2022
Society for Financial Econometrics
Jährliche Konferenz an der Universität Cambridge: Zweiter Platz "Bates-White Prize for the Best Paper"

2022
Netzwerk für Banking, Accounting, Auditing Finance & IT
Forschungsförderung

2018
Hypo Tirol Bank
Dissertationspreis

2018
CFA Institute
CFA Society Austria Prize

2017
Hypo Tirol Bank
Forschungsförderung

2015
Universität Innsbruck
Forschungsstipendium

2014
Universität Innsbruck
Leistungsstipendium

2013
Universität Innsbruck
Doktoratsstipendium

• Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Razen, M., Weitzel, U., et al. (2024). Nonstandard Errors. Journal of Finance.
• Razen, M., & Kupfer, A. (2023). The effect of tax transparency on consumer and firm behavior: Experimental evidence. Journal of Behavioral and Experimental Economics, 104. doi: https://doi.org/10.1016/j.socec.2023.101990
• Farago, A., Holmén, M., Holzmeister, F., Kirchler, M., & Razen, M. (2022). Cognitive skills and economic preferences in the fund industry. The Economic Journal, 132(645), 1737-1764. doi: https://doi.org/10.1093/ej/ueab092
• Hackethal, A., Kirchler, M., Laudenbach, C., Razen, M., & Weber, A. (2022). On the role of monetary incentives in risk preference elicitation experiments. Journal of Risk and Uncertainty, 66(2), 189-213. doi: https://doi.org/10.1007/s11166-022-09377-w
• Razen, M., Huber, J., Hueber, L., Kirchler, M., & Stefan, M. (2021). Financial literacy, economic preferences, and adolescents' field behavior. Finance Research Letters. doi: https://doi.org/10.1016/j.frl.2020.101728
• Razen, M., Kirchler, M., & Weitzel, U. (2020). Domain-specific risk-taking among finance professionals. Journal of Behavioral and Experimental Finance. doi: https://doi.org/10.1016/j.jbef.2020.100331
• Razen, M., & Stefan, M. (2019). Greed: Taking a deadly sin to the lab. Journal of Behavioral and Experimental Economics 81: 164-171. doi: https://doi.org/10.1016/j.socec.2019.06.001
• Razen, M., Huber, J., & Kirchler, M. (2017). Cash inflow and trading horizon in asset markets. European Economic Review, 92, 359-384. doi: https://doi.org/10.1016/j.euroecorev.2016.11.010
• Camerer, C. F., Dreber, A., Forsell, E., Ho, T. H., Huber, J., Johannesson, M., Kirchler, M., Almenberg, J., Altmejd, A., Chan, T., Heikenstein, E., Holzmeister, F., Imai, T., Isaksson, S., Nave, G., Pfeiffer, T., Razen, M., & Wu, H. (2016). Evaluating replicability of laboratory experiments in economics. Science, 351(6280), 1433-1436. doi: https://doi.org/10.1126/science.aaf0918
• Kirchler, M., Bonn, C., Huber, J., & Razen, M. (2015). The "inflow-effect" - Trader inflow and price efficiency. European Economic Review, 77, 1-19. doi: https://doi.org/10.1016/j.euroecorev.2015.03.006

• Razen, M., Huber, J., Hueber, L., Kirchler, M., Obermeier, M., & Stefan, M. (2020). FiT - Ein innovatives Finanztrainingsprogramm für Jugendliche. Innsbruck: Studia Verlag Innsbruck.

• Kaczko, E., & Razen, M. (2021). Experiential learning in finance education - Applying experimental finance methodology. Handbook of Experimental Finance, Sascha Füllbrunn and Ernan Haruvy (eds).

Razen, M., Rovelli, P., Benedetti, C., De Massis, A., Matzler, K., Schweiger, N. (2023). Is Cain More Able? A Behavioral Perspective on the Relation Between CEO Birth Order and Entrepreneurial Firms' CSR. Paper presented at the EIASM Workshop on Family Firm Management, Naples, ITA.

Menkveld, A. J., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Razen, M., Weitzel, U., et al. (2022). Non-standard errors. Paper presented at the annual conference of the Society for Financial Econometrics, Cambridge, GBR.

Pérignon, C., Akmansoy, O., Hurlin, C., Dreber, A., Holzmeister, F., Huber, J., Johannesson, M., Kirchler, M., Menkveld, A. J., Razen, M., & Weitzel, U. (2022). Computational Reproducibility in Finance: Evidence from 1,000 Tests. Paper presented at the annual meeting of the Society for Experimental Finance, Bonn, GER.

Hackethal, A., Kirchler, M., Laudenbach, C., Razen, M., & Weber, A. (2021). On the role of monetary incentives in risk preference elicitation experiments. Paper presented at the annual conference of the Society for Experimental Finance, online.

Farago, A., Holmén, M., Holzmeister, F., Kirchler, M., & Razen, M. (2019). Cognitive skills and economic preferences in the fund industry. Paper presented at the annual conference of the Austrian Working Group on Banking and Finance, Vaduz, LIE.

Farago, A., Holmén, M., Holzmeister, F., Kirchler, M., & Razen, M. (2019). Cognitive skills and economic preferences in the fund industry. Paper presented at the annual conference of the Society for Experimental Finance, Copenhagen, DNK.

Farago, A., Holmén, M., Holzmeister, F., Kirchler, M., & Razen, M. (2019). Cognitive skills and economic preferences in the fund industry. Paper presented at the annual meeting of the National Economic Society, Graz, AUT.

Razen, M., Kirchler, M., & Weitzel, U. (2018). Domain-specific risk-taking among finance professionals. Paper presented at the annual conference of the Society for Experimental Finance, Heidelberg, GER.

Razen, M., Huber, J., Hueber, L., Kirchler, M., & Stefan, M. (2018). FiT - Financial Training: Behavioral finance for high school students. Education program presented at the spring meeting of the Research Platform Organizations & Society, Innsbruck, AUT.

Razen, M., Huber, J., Hueber, L., Kirchler, M., & Stefan, M. (2018). Teaching behavioral finance to the young. Invited talk at the SSE Economics Research Group, Stockholm, SWE.

Razen, M., Huber, J., Hueber, L., Kirchler, M., & Stefan, M. (2017). FiT - Financial Training: Behavioral Finance für Jugendliche. Invited talk at the Finance Research Day, Graz, AUT.

Razen, M., & Stefan, M. (2017). Greed: Taking a deadly sin to the lab. Paper presented at the annual conference of the Society for Experimental Finance. Nice, FRA.

Razen, M., Huber, J., & Kirchler, M. (2015). Cash inflow and trading horizon in asset markets. Paper presented at the European Meeting of the Economic Science Association, Heidelberg, GER.

Kirchler, M., Palan, S., & Razen, M. (2014). Correlated Information in Markets. Paper presented at the annual conference of the Austrian Working Group on Banking and Finance, Vienna, AUT.

Kirchler, M., Bonn, C., Huber, J., & Razen, M. (2014). The "inflow-effect" - Trader inflow and price efficiency. Paper presented at the eeecon Workshop, Innsbruck, AUT.

Kirchler, M., Bonn, C., Huber, J., & Razen, M. (2014). The "inflow-effect" - Trader inflow and price efficiency. Paper presented at the annual conference of the Society for Experimental Finance. Zurich, SUI.

2020 - 2021
Projektleiter - Stakeholderanalyse zur Wahrnehmung im Bereich Nachhaltigkeit - Hypo Tirol Bank

2016 - heute
Initiator und Projektleiter - Bildungsprogramm "FiT - Financial Training" - Universität Innsbruck & AK Tirol

2022 - heute
Vorsitzender der Wissenschaftlichen Arbeitsgruppe - Nationale Finanzbildungsstrategie