Dr. Sebastian Olschewski


Postdoctoral Research Assistant at Center for Economic Psychology

Research Fellow at Warwick Business School 


Please see my personal website for more information.

Research Interests

  • Cognitive Computational Modeling of Decisions under Risk & Uncertainty
  • Behavioral & Experimental Finance
  • Social Preferences & Fairness

Current Projects

  • Epistemic Uncertainty and Risk TakingTo what extent are people adapted to the cognitive limitations of information integration when taking risks.
  • Allocation of Effort: How people allocate their effort to make good decisions in the presence of opportunity costs.
  • Risky Choice and Complexity: How complexity affects decision strategies, choice consistency, and risk taking. 
  • Uncertainty and Social BehaviorHow learning and choosing under uncertainty unfolds in a social environment. 
  • Understanding of Financial RisksHow personal experiences of investment returns affect financial decision making.                                  

Selected Publications 

  • 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 Sciences121(12), e2317751121. Paper
  • Olschewski, S., & Scheibehenne, B. (2024). What’s in a sample? Epistemic uncertainty and metacognitive awareness in risk taking. Cognitive Psychology149, 101642. Paper
  • Olschewski, S., Luckman, A., Mason, A., Ludvig, E., & Konstantinidis, E. (2024). The future of decisions from experience: Connecting real-world decision problems to cognitive processes. Perspectives on Psychological Science19(1), 82-102. Paper
  • Olschewski, S., Dietsch, M., & Ludvig, E. A. (2019). Anti-social motives explain increased risk aversion for others in decisions from experience. Judgment and Decision Making14(1), 58. Paper
  • Olschewski, S., Rieskamp, J., & Scheibehenne, B. (2018). Taxing cognitive capacities reduces choice consistency rather than preference: A model-based test. Journal of Experimental Psychology: General, 147(4), 462. Paper

Research Profile: ORCID

Find my full list of publications on google scholar here.

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Work History

  • Since 2021: Postdoctoral Researcher, Department of Psychology, University of Basel
  • Since 2021: Honorary Research Fellow, Warwick Business School, University of Warwick
  • 2020 - 2021: SNF Postdoc Mobility Fellowship at Warwick Business School, Warwick University
  • 2018 - 2019: Postdoctoral Researcher, Department of Psychology, University of Basel
  • 2014 - 2017: Ph.D. Candidate, Department of Psychology, University of Basel 

Teaching Skills