Winter School - Credence Goods, Incentives and Behavior, 25 February - 2 March 2018, Austria

Publish Date: Sep 18, 2017

Deadline: Nov 20, 2017

Welcome to the SFB Winter School

The SFB (Special Research Unit) “Credence Goods, Incentives and Behavior” at the University of Innsbruck is delighted to offer the first edition of the Innsbruck Winter School on Credence Goods, Incentives and Behavior. The course will focus on theoretical, experimental and behavioral approaches towards analyzing the economic implications of credence goods and will be taught by Prof. Loukas Balafoutas, Prof. Rudolf Kerschbamer. In addition, special sessions on selected topics in Behavioral Economics and Finance by Prof. Jürgen Huber, Prof. Michael Kirchler, and Prof. Markus Walzl will be provided.

The purpose of this course is to provide PhD students and PostDocs with the tools needed to analyze key determinants of individual behavior and market performance in credence goods markets (with a wide definition of credence goods), such as markets for health care, repair and legal services, as well as markets for financial advice and fund management.

With the University of Innsbruck being located in the middle of the Alps, the Winter School will be held a 40 minutes’ drive away in Kühtai, a small town located 2020 meters above sea level in a picturesque ski area. It offers the perfect combination of learning from outstanding experts in the field, networking opportunities among young researchers and a wide range of winter sport activities.


The Winter School will be held from Sunday, February 25 until Friday, March 2. Apart from the opening and closing days, activities will run from 10:00 – 20:00 every day, with generous time slots in between for participants to enjoy the surrounding attractions and winter sport activities.

The course will be embedded in the PhD program in Economics at the University of Innsbruck (4 ECTS) and will cover the following topics:

  • Theoretical foundations of credence goods
  • The method of running laboratory and field experiments in economics and finance
  • Credence goods and laboratory/field experiments
  • Rankings, incentives, and economic preferences in the finance industry


Accommodation in shared rooms, breakfast and dinner are included in the tuition fee and provided at the Hotel Seiler in Kühtai. Located 2020 meters above sea level at the center of the picturesque ski area and equipped with various wellness facilities, you will have plenty of opportunities to enjoy the natural surroundings and relax in between the scientific sessions. 


The tuition fee for the Winter School is 300 Euros for the 5-day course and includes half-board and accommodation (shared room) at the Hotel Seiler and transportation from/to Innsbruck. Any additional expenses are to be covered by the participants. 

The deadline for applications is November 20, 2017. You will receive the decision on your application no later than December 8, 2017. The tuition fee will have to be paid in full within two weeks after you receive the confirmation via Bank Transfer. Further details will be given via email. 

For more information please click "Further Official Information" below.

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