Full list - research output for Fall 2023 - Fall 2025, Economic Psychology
2025
Gluth, S., Deakin, J. & Rieskamp, J. (submitted). A Theory of Multi-Attribute Search and Choice. Psychological Review.
Hadian Rasanan, A. H., Evans, N. J., Amani Rad, J., & Rieskamp, J. (2025). Parameter estimation of hyper-spherical diffusion models with a time-dependent threshold: An integral equation method. Behavior Research Methods, 57(10), 283. https://doi.org/10.3758/s13428-025-02810-3
Hato, T., Schumacher, L., Radev, S. T., & Voss, A. (2025). Lévy Versus Wiener: Assessing the Effects of Model Misspecification on Diffusion Model Parameters. Computational Brain & Behavior. https://doi.org/10.1007/s42113-025-00248-6
Heinke, S., Hefti, A., & Schneider, F. (2025). Mental Capabilities, Heterogeneous Trading Behaviour and Performance in an Experimental Asset Market. The Economic Journal. 135(671), 2161–2191. https://doi.org/10.1093/ej/ueaf003
Janbesaraei, S. N., Hadian Rasanan, A. H., Nejati, V., & Rad, J. A. (2025). Do Human Reinforcement Learning Models Account for Key Experimental Choice Patterns in the Iowa Gambling Task?. Computational Brain & Behavior, 8(2), 286-320. https://doi.org/10.1007/s42113-024-00228-2
Janbesaraei, S. N., Hadian Rasanan, A. H., Moayeri, M. M., Srivastava, H. M., & Rad, J. A. (2025). Multi-dimensional scaling. In Dimensionality Reduction in Machine Learning (pp. 157-186). Morgan Kaufmann. https://doi.org/10.1016/B978-0-44-332818-3.00016-2
Nejati, V., Rad, J. A., & Hadian Rasanan, A. H. (2025). Neuromodulation of risk and reward processing during decision making in individuals with general anxiety disorder (GAD). Scientific Reports, 15(1), 371. https://doi.org/10.1038/s41598-024-84520-y
Olschewski, S., Mullett, T. L., & Stewart, N. (2025). Optimal allocation of time in risky choices under opportunity costs. Cognitive Psychology, 157, 101716. https://doi.org/10.1016/j.cogpsych.2025.101716
Olschewski, S., Spektor, M. S., & Le Mens, G. (2025). Reply to Vanunu and Newell: The frequent-winner effect is necessary to explain experience-based decisions. Proceedings of the National Academy of Sciences, 122(15), e2500422122. https://doi.org/10.1073/pnas.2500422122
Seitz, F. I., Albrecht, R., von Helversen, B., Rieskamp, J., & Rosner, A. (2025). Identifying similarity-and rule-based processes in quantitative judgments: A multi-method approach combining cognitive modeling and eye tracking. Psychonomic Bulletin & Review, 1-15. https://doi.org/10.3758/s13423-024-02624-y
Seitz, F. I., Jarecki, J. B., Rieskamp, J., & von Helversen, B. (2025). Disentangling Perceptual and Process-Related Sources of Behavioral Variability in Categorization. Perspectives on Psychological Science, 20(3), 590-617. https://doi.org/10.1177/17456916241264259
Spitzer, M. W., Strittmatter, Y., Marti, M., Schumacher, A., & Bardach, L. (2025). Curiosity overpowers cognitive effort avoidance tendencies. Cognition, 262, 106167. https://doi.org/10.1016/j.cognition.2025.106167
Trutmann, K., Heinke, S., & Rudin, C. (2025). Degree of personal responsibility in decisions and the likelihood to abandon an investment among professionals: Evidence from a lab-in-the-field experiment. Journal of Behavioral Finance, 26(1), 46-63. https://doi.org/10.1080/15427560.2023.2228549
2024
Hadian Rasanan, A. H., Evans, N. J., Fontanesi, L., Manning, C., Huang-Pollock, C., Matzke, D., ... & Rad, J. A. (2024). Beyond discrete-choice options. Trends in Cognitive Sciences, 28(9), 857-870. https://doi.org/10.1016/j.tics.2024.07.004
Hadian Rasanan, A. H., Evans, N. J., Rieskamp, J., & Rad, J. A. (2024). Response time and accuracy modeling through the lens of fractional dynamics: a foundational primer. In Computation and Modeling for Fractional Order Systems (pp. 1-27). Academic Press. https://doi.org/10.1016/B978-0-44-315404-1.00006-0
Heinke, S. (2024). Top-down and bottom-up information acquisition: Application to financial markets. Economics Letters, 237, 111617. https://doi.org/10.1016/j.econlet.2024.111617
Heinke, S., Olschewski, S., & Rieskamp, J. (2024). Experiences, demand for risky investments, and implications for price dynamics. Journal of Behavioral and Experimental Finance, 43. https://doi.org/10.1016/j.jbef.2024.100939
Hotaling, J. M., Busemeyer, J. R., & Rieskamp, J. (2024). Psychological research and theories of preferential choice. In Handbook of Choice Modelling (pp. 49-73). Edward Elgar Publishing.
Oberholzer, Y., Olschewski, S., & Scheibehenne, B. (2024). Complexity aversion in risky choices and valuations: Moderators and possible causes. Journal of Economic Psychology, 100, 102681. https://doi.org/10.1016/j.joep.2023.102681
Olschewski, S., Luckman, A., Mason, A., Ludvig, E. A., & Konstantinidis, E. (2024). The future of decisions from experience: Connecting real-world decision problems to cognitive processes. Perspectives on Psychological Science, 19(1), 82-102. https://doi.org/10.1177/17456916231179138
Olschewski, S., & Scheibehenne, B. (2024). What’s in a sample? Epistemic uncertainty and metacognitive awareness in risk taking. Cognitive Psychology, 149, 101642. https://doi.org/10.1016/j.cogpsych.2024.101642
Olschewski, S., Spektor, M. S., & Le Mens, G. (2024). Frequent winners explain apparent skewness preferences in experience-based decisions. Proceedings of the National Academy of Sciences, 121(12), e2317751121. https://doi.org/10.1073/pnas.2317751121
Spektor, M. S., Kellen, D., Rieskamp, J., & Klauer, K. C. (2024). Absolute and Relative Stability of Loss Aversion Across Contexts. Journal of Experimental Psychology: General, 153(2). https://doi.org/10.1037/xge0001513
Tisdall, L., MacNiven, K., Leong, J., Freyd, R., Rieskamp, J., Hertwig, R., Knutson, B., & Mata, R. (2024). Structural projections to the nucleus accumbens link to impulsive components of human risk preference. Imaging Neuroscience, 2. https://doi.org/10.1162/imag_a_00344
2023
Hadian Rasanan, A. H., Evans, N. J., Rad, J. A., & Rieskamp, J. (2023). Numerical approximation of the first-passage time distribution of time-varying diffusion decision models: A mesh-free approach. Engineering Analysis with Boundary Elements, 151, 227-243. https://doi.org/10.1016/j.enganabound.2023.03.005
Heinke, S., Trutmann, K., & Rieskamp, J. (2023).Belief Updating and Investment Decisions: The Impact of Good or Bad News Varies With Prior Returns. Preprint. http://dx.doi.org/10.2139/ssrn.3935798
Olschewski, S., Rieskamp, J., & Hertwig, R. (2023). The link between cognitive abilities and risk preference depends on measurement. Scientific Reports, 13(1). https://doi.org/10.1038/s41598-023-47844-9
Trutmann, K., Heinke, S., & Rieskamp, J. (2023). Take your time: How delayed information and restricted decision opportunities improve belief formation in investment decisions. Finance Research Letters, 51, 103442. https://doi.org/10.1016/j.frl.2022.103442
Seitz, F., Jarecki, J., & Rieskamp, J. (2023). Modeling the Category Variability Effect in an Exemplar-Similarity Framework. In Proceedings of the Annual Meeting of the Cognitive Science Society, 45. Retrieved from https://escholarship.org/uc/item/4z76q867
Seitz, F. (2023). Relative attention across features predicts that common features increase geometric similarity. In Sibert, C. (Ed.). Proceedings of the 21st International Conference on Cognitive Modelling (pp. 6-12). University Park, PA: Applied Cognitive Science Lab, Penn State. https://doi.org/10.31234/osf.io/a3d8s
Full list - research output for Fall 2021 - Fall 2023, Economic Psychology
Key publications
Albrecht, R., Jenny, M. A., Nilsson, H., & Rieskamp, J. (2021). The Similarity-Updating Model of Probability Judgment and Belief Revision. Psychological Review, 128(6), 1088-1111.
Heinke, S., Maier, S.U., Ziegler, A., Baganıni, A., Kooij, I., Nebe, S., Sidorenko, N., Trutmann, K., Hens, T., Mata, R., Tobler, P.N., Rieskamp, J. (2023) "Avoiding bad risks: How risk aversion is beneficial for financial decision-making". Working paper.
Mechera-Ostrovsky, T., Heinke, S., Andraszewicz, S., & Rieskamp, J. (2022). Cognitive abilities affect decision errors but not risk preferences: A meta-analysis. Psychonomic Bulletin & Review.
Olschewski, S., Diao, L., & Rieskamp, J. (2021). Reinforcement learning about asset variability and correlation in repeated portfolio decisions. Journal of Behavioral and Experimental Finance.
Seitz, F. I., von Helversen, B., Albrecht, R., Rieskamp, J., & Jarecki, J. B. (2023). Testing three coping strategies for time pressure in categorizations and similarity judgments. Cognition, 233, 105358.
Trutmann, K., Heinke, S., & Rieskamp, J. (2023). Take your time: How delayed information and restricted decision opportunities improve belief formation in investment decisions. Finance Research Letters, 51, 103442.
Other publications
Aczel, B., Szaszi, B., Nilsonne, G., van den Akker, O. R., Albers, C. J., van Assen, M. A., . . . Wagenmakers, E. J. (2021). Science Forum: Consensus-based guidance for conducting and reporting multi-analyst studies. Elife, 10. doi:e72185 10.7554/eLife.72185
Albrecht, R., Jarecki, J. B., Meier, D. S., & Rieskamp, J. (2021). Risk preferences and risk perception affect the acceptance of digital contact tracing. Humanities & Social Sciences Communications, 8(1). doi:195 10.1057/s41599-021-00856-0
Cohen, D., & Erev, I. (2023). The Prediction-Oriented Middle Ground Between Behaviorist and Cognitivist Consumer Research. Consumer Psychology Review (in press).
Cohen, D., & Teodorescu, K. (2022). On the effect of perceived patterns in decisions from sampling. Decision, 9(1), 21.
Hadian Rasanan, A. H., Evans, N. J., Rieskamp, J., & Amani Rad, J. (2023). Numerical approximation of the first-passage time distribution of time-varying diffusion decision models: A mesh-free approach. Engineering Analysis with Boundary Elements, 151, 227-243. doi.org/10.1016/j.enganabound.2023.03.005
Hoffart, J. C., Jarecki, J. B., Dutilh, G., & Rieskamp, J. (2022). The influence of sample size on preferences from experience. Quarterly Journal of Experimental Psychology, 75(1), 1-17. doi:17470218211044013 10.1177/17470218211044013
Jarecki, J. B., & Rieskamp, J. (2022). Comparing attribute-based and memory-based preferential choice. Decision, 49(1), 65-90. doi:10.1007/s40622-021-00302-9
Katsimpokis, D., Fontanesi, L., & Rieskamp, J. (2023). A robust Bayesian test for identifying context effects in multiattribute decision-making. Psychonomic Bulletin & Review, 30(2), 498-515. doi:10.3758/s13423-022-02157-2
Martinez-Saito, M., Andraszewicz, S., Klucharev, V., & Rieskamp, J. (2022). Mine or ours? Neural basis of the exploitation of common-pool resources. Social Cognitive and Affective Neuroscience. doi:10.1093/scan/nsac008
Olschewski, S., Jakob, L., & Schmidt, U. (2023). Investor preferences for positive social externalities and state-owned enterprises' facilitated access to capital. Journal of Economic Psychology, 94, 102575.
Olschewski, S., & Rieskamp, J. (2021). Distinguishing three effects of time pressure on risk taking: Choice consistency, risk preference, and strategy selection. Journal of Behavioral Decision Making, 34(4), 541-554. doi:10.1002/bdm.2228
Olschewski, S., Luckman, A., Mason, A., Ludvig, E. A., & Konstantinidis, E. (2023). The future of decisions from experience: connecting real-world decision problems to cognitive processes. Perspectives on Psychological Science.
Olschewski, S., Sirotkin, P., & Rieskamp, J. (2022). Empirical underidentification in estimating random utility models: The role of choice sets and standardizations. British Journal of Mathematical & Statistical Psychology, 75(2), 252-292. doi:10.1111/bmsp.12256
Schöbel, M., Silla, I., Teperi, A.M., Gustafsson, R., Piirto, A., Rollenhagen, C., & Wahlström,B. (2022). Human and organizational factors in European nuclear safety: A fifty-year perspective on insights, implementations, and ways forward. Energy Research & Social Science, 85, 102378, ISSN 2214-6296, doi.org/10.1016/j.erss.2021.102378.
Spektor, M., Kellen, D., Rieskamp, J., & Klauer, K. (in press). Absolute and relative stability of loss aversion across contexts. Journal of Experimental Psychology: General.
Spitzer, M. W. H., Janz, J., Nie, M., & Kiesel, A. (2023). On the interplay of curiosity, confidence, and importance in knowing information. Psychological Research, 1-15.
Spitzer, M. W. H., & Moeller, K. (2023). Performance Increases in Mathematics during COVID-19 Pandemic Distance Learning in Austria: Evidence from an Intelligent Tutoring System for Mathematics. Trends in Neuroscience and Education, 100203.
Spitzer, M. W. H., Moeller, K., & Musslick, S. (2023). Assignment strategies modulate students' academic performance in an online learning environment during the first and second COVID-19 related school closures. Plos one, 18(5), e0284868.
Trutmann, K., Heinke, S., & Rudin, C. (2023). Degree of Personal Responsibility in Decisions and the Likelihood to Abandon an Investment among Professionals: Evidence from a Lab-in-the-Field Experiment. Journal of Behavioral Finance, 1-18.
Weilbacher, R. A., Krajbich, I., Rieskamp, J., & Gluth, S. (2021). The influence of visual attention on memory-based preferential choice. Cognition, 215.
Textbooks, Edited volumes, and Edited Special Issues
Hadian Rasanan, A. H., Evans, N. J., Rieskamp, J., & Amani Rad, J. (in press). Response time and accuracy modeling through the lens of fractional dynamics. Computation and Modeling for Fractional Order Systems, 1. Amsterdam: Elsevier