Andreas Ortmann (born 28 January 1953 in Oerlinghausen,

North Rhine-Westphalia North Rhine-Westphalia or North-Rhine/Westphalia, commonly shortened to NRW, is a States of Germany, state () in Old states of Germany, Western Germany. With more than 18 million inhabitants, it is the List of German states by population, most ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

) 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 (''problem solving'', '' mental shortcut'', ''rule of thumb'') is any approach to problem solving that employs a pragmatic method that is not fully optimized, perfected, or rationalized, but is nevertheless ...

s and coordination games.

Vernon L. Smith Vernon Lomax Smith (born January 1, 1927) is an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent's Professor of Economics at the University of Arizona, a professor of ...

, 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 () is a public 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 and teaching than the e ...

in 1980, his MS in economics from the

University of Georgia The University of Georgia (UGA or Georgia) is a Public university, public Land-grant university, land-grant research university with its main campus in Athens, Georgia, United States. Chartered in 1785, it is the oldest public university in th ...

under the advisory of Donald C. Keenan, Martin Hillenbrand 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, TA&M, or TAMU) is a public university, public, Land-grant university, land-grant, research university in College Station, Texas, United States. It was founded in 1876 and became the flagship institution of ...

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 Germany, France, Italy, Poland and some other European and non-English-speaking countries. The candidate fulfills a university's set criteria of excelle ...

in Economics from the

Charles University Charles University (CUNI; , UK; ; ), or historically as the University of Prague (), is the largest university in the Czech Republic. It is one of the List of oldest universities in continuous operation, oldest universities in the world in conti ...

in 2003.Andreas Ortmann Curriculum Vitae (August 2019)
/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 college, private liberal arts colleges in the United States, liberal arts college in Brunswick, Maine. It was chartered in 1794. The main Bowdoin campus is located near Casco Bay and the Androscoggin River. In a ...

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, United States. Founded in 1813 as the Maine Literary and Theological Institution, it was renamed Waterville College in 1821. The donations of Christian philanthropist Gardner ...

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 Economic R ...

(a joint workplace of Charles University and the

Czech Academy of Sciences The Czech Academy of Sciences (abbr. CAS, , 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 to the Royal Bohemian Society of Sc ...

) 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 university, private Ivy League research university in New Haven, Connecticut, United States. Founded in 1701, Yale is the List of Colonial Colleges, third-oldest institution of higher education in the United Stat ...

and

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

, 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 the following units: * Behavioral and Cognitive Development (form ...

and at the Max Planck Institute for Human Development. 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 is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economi ...

game theory Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed ...

industrial organisation In economics, industrial organization is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and market (economics), markets. Industrial organization adds real-world complic ...

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

and

history of economic thought The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day. This field encompasses many d ...

. 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 Ma ...

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 Lon ...

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

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 Good ...

, Giovanna Devetag, Pavlo Blavatskyy, Elisabet Rutström, John Van Huyck, Ralph Hertwig, 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 satirical prize awarded annually since 1991 to promote public engagement with scientific research. Its aim is to "honor achievements that first make people laugh, and then make them think." The name of the award is a ...

for his work (with Berhard Borges,

and

) on

heuristics A heuristic or heuristic technique (''problem solving'', '' mental shortcut'', ''rule of thumb'') is any approach to problem solving that employs a pragmatic method that is not fully optimized, perfected, or rationalized, but is nevertheless ...

in financial markets.The Ig Nobel prizes
''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

''.

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 The ''Journal of Economic Behavior and Organization'' is an academic journal published by Elsevier. It was started in 1980 by North-Holland, later merged into Elsevier. It publishes research on economic decision and behaviour influence organizati ...

'', 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 ''Behavioral and Brain Sciences'' is a bimonthly peer-reviewed scientific journal of Open Peer Commentary established in 1978 by Stevan Harnad and published by Cambridge University Press. According to the ''Journal Citation Reports'', the journal ...

'', 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
. ''

'', 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 editor ...

'', 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