Professor Loos studies behavioral and household finance with a particular focus on financial advice, (digital) product innovations like ETFs, fintech and individual investor behavior in general. To address new fundamental questions his research is mostly based on big proprietary datasets stemming from collaborations with banks and fintechs as well as from field- and laboratory experiments.
Before joining TUM School of Management in June 2020, Professor Loos held positions as Associate Professor at the University of Technology Sydney, and as Assistant Professor at Mannheim Business School and Goethe University Frankfurt. He completed his PhD in 2015 at Goethe University Frankfurt with his thesis titled “Potential Solutions to Individual Investors’ Investment Mistakes”. Prior to his PhD, Professor Loos worked in the investment banking departments of Bank of America and HSBC.
- 2018 — Best Paper Award FIRN Conference 2018 (Trust and Delegated Investing)
- 2017 — PhD Thesis Award — Winner University Prize Deutsches Aktieninstitut EUR 25,000 (Umbrella organization of German exchange-listed firms)
The trading response of individual investors to local bankruptcies, accepted, Journal of Financial Economics (with C. Laudenbach, J. Pirsche, and J. Wohlfahrt).
Is Unbiased Financial Advice to Retail Investors Sufficient? Answers from a Large Field Study, 2012, Review of Financial Studies, (Lead article), 25: 975-1032 (with U. Bhattacharya, A. Hackethal, S. Kaesler, and S. Meyer).
The Review of Financial Studies, SSRN
Robo-advisers and investor behavior (with A. Previtero, S. Scheurle and A. Hackethal) (solicited by the Review of Financial Studies)
Same bank, same clients but different pricing: How do flat-fees for mutual funds affect retail investor portfolios? (with S. Meyer, C. Uhr, and A. Hackethal) (email me for draft)
Waiting for the gain to come: How variance and skewness shape retail investors’ selling behavior (with S. Bernard and M. Weber). (email me for draft)
Pure Familiarity Bias: Evidence from a European Fintech Company (with U. Bhattacharya, T. Johann, T. Rochow and M. Weber)