Thomas Langer

Thomas Langer is a Professor at the Finance Center of the University of Muenster. His research focuses on behavioral finance, decision theory, and financial psychology, with a particular emphasis on investor behavior, cognitive biases, and risk management. Key areas of exploration include overconfidence in market forecasts, myopic loss aversion, exponential growth bias, and framing effects in financial decisions.

His work spans experimental analyses of investment strategies, annuity aversion, and crowd-based decision-making mechanisms. Notable contributions include studies on belief updating in multi-state environments and the role of inflation perception in long-term financial planning. Langer collaborates frequently with institutions like the University of Mannheim and Radboud University, producing high-impact papers in journals such as Management Science and Journal of Behavioral Decision Making.

His research consistently bridges theoretical models (e.g., Prospect Theory) with practical applications, addressing real-world issues like equity premium puzzles and the design of effective financial products. The Finance Center provides a collaborative environment for his interdisciplinary studies, combining economics, psychology, and quantitative analysis.