Dr. Carsten Schmidt

Carsten Schmidt is currently post-doctoral researcher at the University of Mannheim and head of the experimental laboratory of the SFB 504, Project Z2.

In fall 2001 he received a doctoral degree in Economics and Information Systems from Humboldt University Berlin, where he was research fellow in the National Resarch Center SFB373 "Quantification and Simulation of Economic Processes". He joined the strategic interaction group at the Max Planck Institute of Economics, Jena and lectured at the University of Jena and Karlsruhe. In 2004/5 he was visiting assistant professor in Information Systems at Humboldt University Berlin. Carsten Schmidt is currently working on electronic market design, information systems economics and strategy, Internet economics, and experimental and behavioral economics.

Contact information: cschmidt(at)sfb504.uni-mannheim.de, Phone, L 7, 3-5, D-68131 Mannheim, 4th floor, Room 4.16.

New

• Myth and Facts about Football collection (hard cover|paperback)
• Table of contents and preface (pdf)
• Media coverage in The Independent
• Slides of my book presentation December 1 at U Mannheim (flash|pdf)

Publications

Refereed journal articles:

• Christopher Koch and Carsten Schmidt (2010) Disclosing Conflict of Interest - Do Experience and Reputation Matter?, Accounting, Organizations and Society, 35(1): 95-107.
• Werner Güth, Carsten Schmidt, and Matthias Sutter (2007) Bargaining outside the Lab - A newspaper experiment of a three person-ultimatum game, Economic Journal, 117(518): 422-448.
• Jens Grossklags and Carsten Schmidt (2006) Software Agents and Market (In)Efficiency - A Human Trader Experiment, IEEE Transactions on System, Man, and Cybernetics: Part C, Special Issue on Game-theoretic Analysis & Simulation of Negotiation Agents, IEEE SMCC, 36(1): 56-67.
• Carsten Schmidt and Ro'i Zultan (2005) The Uncontrolled Social Utility Hypothesis Revisited, Economics Bulletin, 3(33): 1-7.
• Jan Hansen, Carsten Schmidt, and Martin Strobel (2004) Manipulation in Political Stock Markets - Preconditions and Evidence, Applied Economics Letters 11(7): 459-463.
• Werner Güth, Carsten Schmidt, and Matthias Sutter (2003) Fairness in the Mail and Opportunism in the Internet - A Newspaper Experiment on Ultimatum Bargaining, German Economic Review, 4(2): 243-265.
• Vital Anderhub, Rudolf Müller, and Carsten Schmidt (2001) Design and Evaluation of an Economic Experiment via the Internet, Journal of Economic Behavior and Organization 46:227-247.
• Carsten Schmidt and Rudolf Müller (1999) A Framework for Micropayment Evaluation Netnomics 1(2):187-200.

Conference Proceedings:

• Jens Grossklags and Carsten Schmidt (2003) Artificial Software Agents on Thin Double Auction Markets: A Human Trader Experiment Proceedings of the IEEE/WIC International Conference on Intelligent Agent Technology (IAT-2003), Halifax, Canada, October 13-17, 2003, pp. 400 - 4007. (Paper Acceptance Rate = 23%)
• Jens Grossklags and Carsten Schmidt (2003) Interaction of Human Traders and Artificial Agents on Double Auction Markets: Simulations and Laboratory Experiments, Proceedings of the Third International Workshop on Computational Intelligence in Economics and Finance (CIEF 2003), Cary, North Carolina, US, September 26-30, 2003, pp. 1269-1272.
• Jens Grossklags, Carsten Schmidt, Jonathan Siegel (2000) Dumb software agents on experimental electronic markets, in Gesellschaft für Informatik (ed.), Informatiktage 2000, Konradin Verlag.
• Carsten Schmidt and Arno Jacobsen (1999) Moving experimental economics to the Internet, Online proceedings of the 2nd Berlin Internet Economics Workshop. A revised and updated manuscript has been released with a different title.

Chapters in Books:

• Carsten Schmidt, Martin Strobel and Henning Oskar Vorlkand (2008) Accuracy, Certainty and Surprise - A Prediction Market on the Outcome of the 2002 FIFA World Cup. In: Myth and Facts About Football: The Economics and Psychology of the World's Greates Sport. P. Andersson, P. Ayton and C. Schmidt. eds. Cambridge: Cambridge Scholars Press.
• Carsten Schmidt and Axel Werwatz (2008) How Accurately Do Markets Predict the Outcome of an Event: The Euro 2000 Football Experiment. In: Myth and Facts About Football: The Economics and Psychology of the World's Greates Sport. P. Andersson, P. Ayton and C. Schmidt. eds. Cambridge: Cambridge Scholars Press.
• Ben Greiner, H.-Arno Jacobsen, and Carsten Schmidt (2003) The Virtual Laboratory Infrastructure for Controlled Online Economic Experiments, in Forschung und wissenschaftliches Rechnen 2002: Beiträge zum Heinz-Billing-Preis 2002, Kurt Kremer, Volker Macho (Hrsg.). GWDG Bericht 62, Göttingen : Ges. für Wiss. Datenverarbeitung, 59-73.
• Pio Baake, Carsten Schmidt (2002) Allokation von Internet Backbone Kapazitäten - Eine Einführung; in Günter Knieps (Hrsg.) Knappe Netzkapazitäten - Probleme und Lösungsstrategien in offenen Verkehrs- und Versorgungsnetzen, Schriftenreihe der Deutschen Verkehrswissenschaftlichen Gesellschaft e.V. (DVWG), B 252.

Current work

Discussion Papers:

• Jörg Oechssler, Carsten Schmidt, and Wendelin Schnedler (2007) On the Ingredients for Bubble Formation: Informed Traders and Communication,mimeo.
• Carsten Schmidt and Ro'i Zultan (2004) Unilateral Face-to-Face Communication in Ultimatum Bargaining - A Video Experiment, Discussionpaper No. 369, Center for the Study of Rationality, The Hebrew University of Jerusalem.
• Carsten Schmidt und Tobias Uske (2004) Reputationsmechanismen für Informationsgüter auf Internet-Meinungsportalen , Discussion Papers on Strategic Interaction 2004-13, Max Planck Institute for Research into Economic Systems, Jena, Germany.
• Thomas Baumann und Carsten Schmidt (2004) The Jena video laboratory for economic experiments , Discussion Papers on Strategic Interaction 2004-6, Max Planck Institute for Research into Economic Systems, Jena, Germany.
• Michael Berlemann and Carsten Schmidt (2001) Predictive Accuracy of Political Stock Markets - Empirical Evidence from a European Perspective, Sonderforschungsbereich 373, Humboldt-Universität zu Berlin, Discussionpaper.

Teaching

Spring term 2010:

• Lecture Experimental Economics, University of Mannheim, spring term 2010

Former terms:

• Seminar Experimental Economics, University of Mannheim, fall term 2008
• Vorlesung Informationswirtschaft, Postgradualer Fernstudiengang Bibliothekswissenschaften, Humboldt-Universität zu Berlin, winter term 2008/09
• Lecture Game Theory, ISSEM08, joint summer school in Economics of the University Havana and the Humboldt University Berlin, Havana 2008
• Seminar Experimental Economics, University of Mannheim, spring term 2008
• Lecture Experimental Economics, University of Mannheim, fall term 2007
• Vorlesung Informationswirtschaft, Postgradualer Fernstudiengang Bibliothekswissenschaften, Humboldt-Universität zu Berlin, winter term 2007/08
• Seminar Aussenhandelstheorie und -politik, Alfred Weber-Institut, Universität Heidelberg, winter term 2006/07
• Vorlesung Globale Informationssysteme & Theoretische Modelle elektronischer Märkte, Postgradualer Fernstudiengang Bibliothekswissenschaften, Humboldt-Universität zu Berlin, winter term 2006/07
• Vorlesung Aussenhandelstheorie und -politik, Alfred Weber-Institut, Universität Heidelberg, Summer term 2006.
• Globale Informationssysteme & Theoretische Modelle elektronischer Märkte, Postgradualer Fernstudiengang Bibliothekswissenschaften, Humboldt-Universität zu Berlin, winter term 2005/06
• Vorlesung Aussenhandelstheorie und -politik, Alfred Weber-Institut, Universität Heidelberg, winter term 2005/06
• Globale Informationssysteme & Theoretische Modelle elektronischer Märkte, Postgradualer Fernstudiengang Bibliothekswissenschaften, Humboldt-Universität zu Berlin, summer term 2005
• Seminar Trust and Reputation in Electronic Commerce, Humboldt-Universität zu Berlin, winter term 2004/05.
• Problem solving class IT-Systems Design, Humboldt-Universität zu Berlin, winter term 2004/05.
• Second joint summer school in Economics and Management Science of the University Havana and the Humboldt University Berlin, Havana October 2004, 'Information Management'.
• Lecture on 'Information Markets as Predictive Devices', Cologne University Executives MBA-Program, 30.10.2004
• Infomation Rules, Graduate school "Information Management and Market Engineering", University Karlsruhe, Summer term 2004
• Seminar Economics of the Internet, Friedrich Schiller University, Jena, Graduate course MBA and Economics, winter term 2003/04
• First joint summer school in Economics of the University Havana and the Humboldt University Berlin, Havana 2003, 'Behavioral and experimental economics - An introduction into bargaining'.
• Economics of the Internet, Friedrich Schiller University, Jena, graduate-level course MBA and Economics, summer term 2003
• Electronic Experimental Markets (co-advisors Jan Hansen and Martin Strobel), Humboldt University Berlin, graduate-level course MBA and Economics, Summer term 2000.
• Game theory and experimental economics, Humboldt University Berlin, Seminar, teaching assistant (Teacher Werner Güth), several terms 1999-2001.

Organizer

• MERSS 2006, 2007, 2008
• 3rd European Symposium on Economics and Psychology 2007, ENABLE research training network
• EconPsyFootball06
• International conference Economics and Psychology of Football 2008, 29. - 30. May, Innsbruck

Popular writing (German)

• Weekly commentary on football published in Financial Times Deutschland during the FIFA World Cup 2006
  • 9.6.2006: Der schnelle Weg zum guten Tipp
  • 15.6.2006: Kleine Arbeitshilfe für TV-Kommentatoren
  • 23.6.2006: Was der zwölfte Mann wirklich kann
  • 30.6.2006: Die Angst des Torwarts vor dem Neeskens-Effekt
  • 7.7.2006: Der Trainer wird überschätzt
• Die Servo: (Teil 1) Carreras spezielle Bahn (mit Christian Andersch und Enno Sennack), In: Car-On-Line, 3/2006, S. 39-46.
• Carrera Servo (Teil 2) Sammeraspekte - Die Servo Szene (mit Christian Andersch und Enno Sennack), In: Car-On-Line, 5/2006, S. 66-73.
• Das 1000-Mark-Gewinnspiel. Wie haben sich unsere Leser entschieden?, Carsten Schmidt. In: Berliner Zeitung, 25.05.2001.

Selected media coverage (German)

• Fact or fiction? 'Form' in football, Nick Harris, In: The Independent, 8.10.2008.
• Alles über Fußball-onomics, Hans Christian Müller, In: Handelsblatt, 9.06.2008.
• Wir würfeln den Weltmeister, Holger Darnbeck, In: Spiegel Online, 14.06.2006.
• Marktversagen an der Wahlbörse, Financial Times Deutschland, 23.09.2005, S. 18.
• Experte zum Thema eBay bei Johannes B. Kerner, 10.03.2005, ZDF
• Clevere blättern weniger hin. Jenaer Max-Planck-Institut untersucht Auktionsverhalten bei Ebay und Co. Schwachstelle Bewertungssystem, Thomas Liebert. In: Freie Presse, 9.9.2003.
• Inflationsgefahr in fernen Galaxien. Wer Online-Rollenspiele entwickelt, muss etwas von Volkswirtschaftslehre verstehen, Konrad Lischka. In: Süddeutsche Zeitung, 10.6.2003.
• Die fairen Leser der ZEIT. Ein Preisausschreiben als wissenschaftliches Experiment - mit mehr als 5000 Teilnehmern, Christoph Drösser. In: DIE ZEIT, 48/2001, 23.11.2001.
• Wöchentlicher Live-Kommentar zur N24 Wahlbörse zur Landtagswahl in Baden-Württemberg und Rheinland-Pfalz 2001, bis 25.3.2001, N24 Abend-Nachrichten
• Fussball im Netz: Der Börsenkindergarten, Sebastian Raedler. In: Der Tagesspiegel, 4.7.2000.
• Die Wahl zum Markt getragen, Interview führte Heike Gundermann. In: Humboldt, Nr. 1, 14.10.1999.