Andreas Ortmann (born 28 January 1953 in Oerlinghausen,

North Rhine-Westphalia North Rhine-Westphalia (german: Nordrhein-Westfalen, ; li, Noordrien-Wesfale ; nds, Noordrhien-Westfalen; ksh, Noodrhing-Wäßßfaale), commonly shortened to NRW (), is a state (''Land'') in Western Germany. With more than 18 million inha ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...

) is a German-born economist and Professor of Experimental and Behavioural Economics at the UNSW Business School.Andreas Ortmann
'' UNSW Business School''. He is best known for his work on experimental methodology in social sciences,

heuristic A heuristic (; ), or heuristic technique, is any approach to problem solving or self-discovery that employs a practical method that is not guaranteed to be optimal, perfect, or rational, but is nevertheless sufficient for reaching an immediate ...

s and coordination games.

Vernon L. Smith Vernon Lomax Smith (born January 1, 1927) is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics at the University of Arizona, professor of economics and law at Georg ...

, in the acknowledgement to his ''A Life in Experimental Economics'', described Ortmann as an "economic theorist, experimentalist, and intellectual historian par excellence in all".

Biography

Ortmann was born on 28 January 1953, in Oerlinghausen,

. He obtained his BA in Political Economics and Mathematics from the

Bielefeld University Bielefeld University (german: Universität Bielefeld) is a university in Bielefeld, Germany. Founded in 1969, it is one of the country's newer universities, and considers itself a "reform" university, following a different style of organization ...

in 1980, his MS in economics from the

University of Georgia , mottoeng = "To teach, to serve, and to inquire into the nature of things.""To serve" was later added to the motto without changing the seal; the Latin motto directly translates as "To teach and to inquire into the nature of things." , establ ...

under the advisory of Donald C. Keenan,

Martin Hillenbrand Martin Joseph Hillenbrand (August 1, 1915 – February 2, 2005) was an American diplomat who served as the U.S. Ambassador to the Federal Republic of Germany from 1972 to 1976. Career Born in Youngstown, Ohio, to a family of German descent, Hi ...

and Janet C. Hunt in 1987, and his PhD in economics from the

Texas A&M University Texas A&M University (Texas A&M, A&M, or TAMU) is a public university, public, Land-grant university, land-grant, research university in College Station, Texas. It was founded in 1876 and became the flagship institution of the Texas A&M Unive ...

in 1991 with a dissertation titled "Essays on Quality Uncertainty, Information, and Institutional Choice", under the advisory of Steven N. Wiggins and Raymond C. Battalio. He also completed his

habilitation Habilitation is the highest university degree, or the procedure by which it is achieved, in many European countries. The candidate fulfills a university's set criteria of excellence in research, teaching and further education, usually including ...

in Economics from the

Charles University ) , image_name = Carolinum_Logo.svg , image_size = 200px , established = , type = Public, Ancient , budget = 8.9 billion CZK , rector = Milena Králíčková , faculty = 4,057 , administrative_staff = 4,026 , students = 51,438 , under ...

in 2003.Andreas Ortmann Curriculum Vitae (October 2022)
/ref> Ortmann took up his current position as Professor of Experimental and Behavioural Economics in the School of Economics at UNSW Business School in 2009, after having previously worked at the

Bowdoin College Bowdoin College ( ) is a private liberal arts college in Brunswick, Maine. When Bowdoin was chartered in 1794, Maine was still a part of the Commonwealth of Massachusetts. The college offers 34 majors and 36 minors, as well as several joint eng ...

as an Assistant Professor of Economics from 1991 to 1999, at the

Colby College Colby College is a private liberal arts college in Waterville, Maine. It was founded in 1813 as the Maine Literary and Theological Institution, then renamed Waterville College after the city where it resides. The donations of Christian philanth ...

as a Faculty Fellow from 2000 to 2001, and at

CERGE-EI The Center for Economic Research and Graduate Education – Economics Institute, known as CERGE-EI () is an academic institution in Prague, Czech Republic, specialised in economics. The institute is a partnership between the Center for Economi ...

(a joint workplace of Charles University and the

Czech Academy of Sciences The Czech Academy of Sciences (abbr. CAS, cs, Akademie věd České republiky, abbr. AV ČR) was established in 1992 by the Czech National Council as the Czech successor of the former Czechoslovak Academy of Sciences and its tradition goes back ...

) as an assistant professor from 2000 to 2004, Associate Professor from 2004 to 2005 and Professor from 2005 to 2009. He also had spells as visiting scholar at the

Yale University Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the w ...

and

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA ...

, and worked at the

Max Planck Institute for Psychological Research The Max Planck Institute for Psychological Research was a research institute of the Max Planck Society formerly located in Munich in Germany. Founded in 1981, the institute included during its history the following units: * Behavioral and Cognitiv ...

and at the

Max Planck Institute for Human Development The Max-Planck-Institute for Human Development (Max-Planck-Institut für Bildungsforschung) is an internationally renowned social science research organization. Located in Berlin, it was initiated in 1961 and officially began operations in 1963 ...

. His research interests include

experimental economics Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic expe ...

behavioural economics Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. ...

game theory Game theory is the study of mathematical models of strategic interactions among rational agents. Myerson, Roger B. (1991). ''Game Theory: Analysis of Conflict,'' Harvard University Press, p.&nbs1 Chapter-preview links, ppvii–xi It has appli ...

, industrial organisation,

public economics Public economics ''(or economics of the public sector)'' is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve ...

and

history of economic thought History (derived ) is the systematic study and the documentation of the human activity. The time period of event before the invention of writing systems is considered prehistory. "History" is an umbrella term comprising past events as well ...

. Ortmann's notable co-authors include

Gerd Gigerenzer Gerd Gigerenzer (born 3 September 1947) is a German psychologist who has studied the use of bounded rationality and heuristics in decision making. Gigerenzer is director emeritus of the Center for Adaptive Behavior and Cognition (ABC) at the Max ...

Daniel Goldstein Daniel G. Goldstein (born 1969) is an American cognitive psychologist known for the specification and testing of heuristics and models of bounded rationality in the field of judgment and decision making. He is an honorary research fellow at L ...

Reinhard Selten Reinhard Justus Reginald Selten (; 5 October 1930 – 23 August 2016) was a German economist, who won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Nash). He is also well known for his work in bou ...

Werner Güth Werner Güth (born 2 February 1944) is a German economist who, together with Rolf Schmittberger and Bernd Schwarze, first described the ultimatum game. He is currently Emeritus Director at the Max Planck Institute for Research on Collective Goo ...

, Giovanna Devetag, Pavlo Blavatskyy, Elisabet Rutström, John Van Huyck,

Ralph Hertwig Ralph Hertwig (born 4 November 1963, in Heilbronn, Germany) is a German psychologist whose work focuses on the psychology of human judgment and decision making. Hertwig is Director of the Center for Adaptive Rationality at the Max Planck Insti ...

, Peter M. Todd, Andreas Blume, Valentyn Panchenko, Dmitry Ryvkin, Leonidas Spiliopoulos, Le (Lyla) Zhang, Dirk Engelmann, and Ben R. Newell. He was nominated for the

Ig Nobel Prize The Ig Nobel Prize ( ) is a satiric prize awarded annually since 1991 to celebrate ten unusual or trivial achievements in scientific research. Its aim is to "honor achievements that first make people laugh, and then make them think." The name o ...

for his work (with Berhard Borges,

and

) on

heuristics A heuristic (; ), or heuristic technique, is any approach to problem solving or self-discovery that employs a practical method that is not guaranteed to be optimal, perfect, or rational, but is nevertheless sufficient for reaching an immediate, ...

in financial markets.The Ig Nobel prizes
''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

''.

Selected publications

* Ortmann, A. & L. K. Tichy (1999). "Gender differences in the laboratory: evidence from prisoner’s dilemma games". '' Journal of Economic Behavior and Organization'', 39 (3), pp. 327–339. * Ortmann, A.; Fitzgerald, J. & C. Boeing (2000). "Trust, reciprocity, and social history: A re-examination". ''Experimental Economics'', 3 (1), pp. 81–100. * Hertwig, R. & A. Ortmann (2001).
Experimental practices in economics: A methodological challenge for psychologists?
. '' Behavioral and Brain Sciences'', 24 (3), pp. 383–403. * Hertwig, R. & A. Ortmann (2001).
Money, lies, and replicability: On the need for empirically grounded experimental practices and interdisciplinary discourse
. '' Behavioral and Brain Sciences'', 24 (3), pp. 433–444. * Ortmann, A. & R. Hertwig (2002). "The costs of deception: Evidence from psychology". ''Experimental Economics'', 5 (2), pp. 111–131. * Blume, A. & A. Ortmann (2007).
The effects of costless pre-play communication: Experimental evidence from games with Pareto-ranked equilibria
. ''

Journal of Economic Theory The ''Journal of Economic Theory'' is a bimonthly peer-reviewed academic journal covering the field of economic theory. Karl Shell has served as editor-in-chief of the journal since it was established in 1968. Since 2000, he has shared the edi ...

'', 132 (1), pp. 274–290. * Devetag, G. & A. Ortmann (2007).
When and why? A critical survey on coordination failure in the laboratory
. ''Experimental Economics'', 10 (3), pp. 331–344. * Ryvkin, D. & A. Ortmann (2008). " he predictive power of three prominent tournament formats. ''

Management Science Management science (or managerial science) is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is ...

'' 54 (3), pp. 492–504. * Spiliopoulos, L. & A. Ortmann (2014).
Model comparisons using tournaments: Likes,“dislikes,” and challenges.
. '' Psychological Methods'', 19 (2), pp. 230–250. * Ortmann, A. (2016).
Episodes from the Early History of Experimentation in Economics
. ''The Making of Experimental Economics'', pp. 195–217. * Dobrescu, L. I.; Fan, X.; Bateman, H.; Newell, B. R.; Ortmann, A. & S. Thorp (2017).
Retirement savings: A tale of decisions and defaults
. ''

The Economic Journal ''The Economic Journal'' is a peer-reviewed academic journal of economics published on behalf of the Royal Economic Society by Oxford University Press. The journal was established in 1891 and publishes papers from all areas of economics.The edito ...

'', 128 (610), pp. 1047–1094. * Spiliopoulos, L. & A. Ortmann (2018).
The BCD of response time analysis in experimental economics
. ''Experimental Economics''. 21 (2), pp. 383–433. * Spiliopoulos, L.; Ortmann, A. & L. Zhang (2018).
Complexity, attention, and choice in games under time constraints: A process analysis.
. '' Journal of Experimental Psychology: Learning, Memory, and Cognition'', 44 (10), pp. 1609–1640. * Ortmann, A.; Baranowski, D. & Walraevens, B. (2019). "Schumpeter’s Assessment of Adam Smith and ‘The Wealth of Nations’: Why He Got It Wrong". ''Journal of the History of Economic Thought'', 41 (4), pp. 531–551. * Shen, P.; Betz, R.; Ortmann, A. & Gong, R. (2020). "Improving truthful reporting of polluting firms by rotating inspectors: Experimental evidence from a bribery game". ''Environmental and Resource Economics'', 76, pp. 201–233. * Thorp, S.; Bateman, H.; Dobrescu, L. I.; Newell, B. R. & Ortmann, A. (2020).
Flicking the Switch: Simplifying Disclosure to Improve Retirement Plan Choices
. ''Journal of Banking and Finance'', 121, 105955. * Ortmann, A. (2021) "On the Foundation of Behavioral and Experimental Economics" in Kincaid, H. & Ross, D. (eds.). ''A Modern Guide to Philosophy of Economics (Chapter 8)''. Cheltenham, UK: Edward Elgar Publishing. pp. 157–181. * Keller, E.; Newman, J. Ortmann, A.; Jorm, L. R. & Chambers, G. M. (2021). "How Much Is A Human Life Worth? A Systematic Review". ''Value in Health'', 24 (10), pp. 1531–1541. * Blavatskyy, P.; Ortmann, A. & Panchenko, V. (2022). "On the Experimental Robustness of the Allais Paradox". ''American Economic Journal - Microeconomics'', 14 (1), pp. 143–163. * Ortmann, A. & Walraevens, B. (2022). ''Adam Smith’s System. A Reinterpretation Inspired by Smith’s Lectures on Rhetoric, Game Theory, and by Conjectural History''. Palgrave Macmillan.

References

External links

Andreas Ortmann
biography page at UNSW Business School
Andreas Ortmann
publications indexed by

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Andreas Ortmann
detailed academic profile at

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{{DEFAULTSORT:Ortmann, Andreas Living people 1953 births 20th-century German economists Experimental economists German expatriates in the United States German expatriates in the Czech Republic German expatriates in Australia 21st-century German economists Bielefeld University alumni University of Georgia alumni Texas A&M University alumni Charles University alumni