Prof. Dr. rer. nat. Kirsten Wüst

Prof. Dr. rer. nat.

Kirsten Wüst

Statistik und Wirtschaftsmathematik





MI 11:30 - 13:00 Uhr - findet online statt - Terminvereinbarung per Email


(07231) 28-6357



Kirsten Wüst is a Professor of Statistics and Business Mathematics. She has a degree in mathematics and a doctoral degree in statistics from the University of Stuttgart. From 1998 to 2002 she was a risk management consultant at L-Bank in Karlsruhe. She then worked as a research assistant at the University of Heidelberg in the planning and evaluation of clinical studies before joining Pforzheim University in the fall of 2004.
Also during this period, she completed an advanced programme of study in business sciences at Fernuniversität Hagen. Between 2002 and 2004, she conducted research on case sample size planning as a research associate at the University of Heidelberg and collaborated in planning and evaluating clinical studies. During the winter semester of 2004–2005, Kirsten Wüst was offered a teaching appointment at the Pforzheim University of Applied Sciences, where she has been Professor of Statistics and Business Mathematics. Since May 2013 she has directed the team “Quantitative Methods”.

The capability approach developed by Nobel laureate Amartya Sen assumes that human welfare is not determined by income alone. Material goods and resources are important but not ends in themselves. Human welfare is also about the capabilities of individuals to shape their lives according to their own ideas. These capabilities are different for each person, and differ between children and adults. Kirsten Wüst (with Jürgen Volkert) uses data from the German Socio-Economic Panel to analyse the capabilities of children under 3 and between 5 and 6.
Kirsten Wüst (with Hanno Beck) also investigates time-inconsistent preferences in students – specifically, their tendency at the beginning of the semester to plan to study more than they actually do. In another study, she examines temporal behaviour with regard to money and interest rates. She
analyses how time-inconsistent preferences depend on the absolute sum of the money involved in a specific decision-making situation.
Management games are immensely popular in business school. In most versions, decisions are discrete: choices made at one point in time cannot be modified until a long interval – a business year, say – passes. Kirsten Wüst (with Bernd Kuppinger) has developed a management game called CoSi- Ma – Continuous Simulation of Management, in which participants can intervene and correct the company’s course on a daily basis using regularly updated information on inventory, market demand, current production and finances. Kirsten Wüst and Bernd Kuppinger have published a number of articles on the advantages of this model.
The starting salaries of female university graduates continue to lag behind those of their male counterparts, even though their performance is the same or better. Kirsten Wüst (with Brigitte Burkart) has investigated the gender pay gap of graduates at Pforzheim University and in a follow-up
study will analyse how men and women negotiate in fictive interview scenarios to identify factors that can help explain salary differences.
Investors seek to find strategies that optimise the risk-profit ratio. A simple and effective approach is to take advantage of stocks’ seasonality, buying stocks in the “good” months and selling them in the “bad” months. Kirsten Wüst (with Urban Bacher) studies the performance of various seasonality strategies for stocks and bonds.

Gender Pay Gap ,  Management Games ,  Seasonal Strategies ,  Time Inconsistency ,  India


Lehrpreis der Fakultät für Wirtschaft und Recht


Forschungspreis der Hochschule Pforzheim/ Kategorie ProfessorInnen

Journal article

WUEST, K., & BECK, H. (2019). Altruismus, Fairness und Reziprozität. WISU Das Wirtschaftsstudium, 2/19, 222-227.

WUEST, K., & BECK, H. (2018). “I Thought I Did Much Better”—Overconfidence in University Exams. Decision Journal of Innovative Education, 16 (4), pp. 310-333.

BECK, H., & WUEST, K. (2017). Behavioral Economics: Überoptimismus. WISU Das Wirtschaftsstudium (5), 605-609.

WUEST, K., & LEKO SIMIC, M. (2017). Students' career preferences: Intercultural study of Croatian and German students. Economics and sociology, 10 (3), pp. 136-152.

WUEST, K. (2016). Ich bin glücklicher, wenn Ihr mir helft, selbst Entscheidungen zu treffen - Zufriedenheit und Zukunftserwartungen von Siebzehnjährigen (2006-2013). Zeitschrift fur Familienforschung, 1/2016, 87-111.

BECK, H., & WUEST, K. (2016). Ich kann warten – aber nur, wenn es sich lohnt.. Wirtschaftspsychologie, 1 (1), 91 - 103.

WUEST, K. (2016). Monte-Carlo-Simulation. WISU Das Wirtschaftsstudium, 12/16, 1346-1351.

GOEHLICH, V., WUEST, K., & PALM, S. (2015). Gender Egalitarianism and Career Expectations: Comparing China, France, Germany, Mexico, Russia, and Turkey. The International Journal of Organizational Diversity, 15 (2), pp. 1-12.

WUEST, K. (2015). INTERESTING TASKS, INDEPENDENCE OR IMPORTANCE TO SOCIETY? - THE VOCATIONAL EXPECTATIONS OF GENERATION Y. Ekonomski Vjesnik / Econviews : Review of Contemporary Entrepreneurship, Business, and Economic Issues, 2/2015 (XXVIII), 307-324.

WÜST, K., & KUPPINGER, B. (2014). Ich bin dann mal - nicht weg - Erfahrungen mit einem stetigen Planspiel. WiSt Wirtschaftswissenschaftliches Studium, 43. Jg. (5), 279-283.

BACHER, U., & WÜST, K. (2012). Saisonalitätseffekte im deutschen Rentenindex REXP – zur Rendite und zu den Risiken deutscher Bundesanleihen (grundsätzliche Überlegungen und empirische Untersuchung). Zeitschrift für das Gesamte Kreditwesen - Ausgabe N (15), 764-767.

WÜST, K., & VOLKERT, J. (2012). Childhood and Capability Deprivation in Germany: A Quantitative Analysis Using German Socio-Economic Panel Data. SOCIAL INDICATORS RESEARCH, 106 Jg. (3), 439-469.

WÜST, K., & BURKART, B. (2012). Schlecht gepokert? Warum schneiden Frauen bei Gehaltsverhandlungen schlechter ab als Männer?. Gender : Zeitschrift für Geschlecht, Kultur und Gesellschaft, 106-121.

WÜST, K., & BECK, H. (2012). Behavioral-Finance-Konzepte. WiSt Wirtschaftswissenschaftliches Studium, 41. Jg. (7), 936-941.

WÜST, K., & BECK, H. (2012). Student effort in preparing for exams: Intertemporal preferences and loss aversion. Decision Sciences Journal of Innovative Education, 10 (2), 245-262.

KUPPINGER, B., & WÜST, K. (2012). Is everything just a game? From the discrete to the continuous time modeling of corporate strategy games. Journal of management control : Zeitschrift für Planung & Unternehmenssteuerung, 23 (3), 211-228.

KUPPINGER, B., & WÜST, K. (2011). Just a game? How continuous time modelling can ameliorate corporate strategy games. World Review of Entrepreneurship Management and Sustainable Development, 7 (4), 422-439.

KUPPINGER, B., & WÜST, K. (2011). Simulation von Auftrags- und Lagerfertigung. WiSt Wirtschaftswissenschaftliches Studium, 40. Jg. (10), 1344-1348.

WÜST, K., & BURKART, B. (2011). Karrierecockpit für Frauen - Männer im Ferrari – Frauen mit dem Bobbycar: Der Start in die Karriere ist ein höchst ungleicher. Personal (2), 40-42.

WÜST, K., & BURKART, B. (2010). Womit haben wir das verdient? - Weniger Geld bei besserer Leistung. Wirtschafts- und Sozialwissenschaftliches Institut Mitteilungen (6), 306-313.

BECK, H., & WÜST, K. (2010). Rauchen, Sucht und Willensschwäche: Zeitinkonsistentes Verhalten.. WiSt Wirtschaftswissenschaftliches Studium (6), 289-294.

CLEFF, T., & WÜST, K. (2010). Algorithm for an Efficient Material Requirements Planning of Consumable Supplies Results of an Empirical Analysis of German Supply Data. Jordan Journal of Business Administration, 6 (4), 581-598.

BECK, H., & WÜST, K. (2009). Ökonomische Theorie der Zeit und Psychologie. List-Forum, 35 (1), 43-60.

WÜST, K., & BACHER, U. (2008). Saisonalitätseffekte im deutschen Aktienindex DAX - Rendite und Risiko deutscher Standardaktien im Jahresverlauf - grundsätzliche Überlegungen und empirische Untersuchung. Finanz Betrieb (11), 748-759.

WÜST, K., WINKLMAIER, U., PLINKERT, P. K., & WALLNER, F. (2007). The accuracy of the modified Evans blue dye test in detecting aspiration in head and neck cancer patients. EUROPEAN ARCHIVES OF OTO-RHINO- LARYNGOLOGY, 264 (9), 1059-1064.

WÜST, K., WINKLMAIER, U., & WALLNER, F. (2007). Experimentelle Untersuchung zum Dichtheitsverhalten geblockter Trachealkanülen. Forum Logopädie (2), 26-31.

WÜST, K., WINKLMAIER, U., SCHILLER, S., & WALLNER, F. (2006). Leakage of Fluid in Different Types of Tracheal Tubes. DYSPHAGIA, 21 (4), 237-242.

WÜST, K., HELMKE, B., HASSANZADEH, J., & THOME, M. (2006). The oncogenic B-raf V599E mutation occurs more frequently in melanomas at sun-protected body sites. INTERNATIONAL JOURNAL OF ONCOLOGY, 29 (1), 139-145.

WÜST, K. (2005). Including long- and short-term data in blinded sample size recalculation for binary endpoints. COMPUTATIONAL STATISTICS & DATA ANALYSIS, 48, 835-855.

WÜST, K., & KIESER, M. (2005). Monitoring Continuous Long-Term Outcomes in Adaptive Designs. COMMUNICATIONS IN STATISTICS- SIMULATION AND COMPUTATION, 34, 321-341.

WÜST, K., WINKLMAIER, U., & WALLNER, F. (2005). Evaluation des Aspirationsschutzes blockbarer Trachealkanülen.. HNO, 53 (12), 1057-1062.

WÜST, K., DEICHMANN, M., KAHLE, B., & MOSER, K. (2004). Diagnosing melanoma patients entering American Joint Committee on Cancer (AJCC) stage IV, C-reactive protein (CRP) in serum is superior to lactate dehydrogenase (LDH).., 91, pp. 699-702.

WÜST, K. (2004). Safety of the combination of chloroquine and methylene blue in healthy adult men with G6PD deficiency from rural Burkina Faso. Tropical Medicine and International Health.

WÜST, K., & KIESER, M. (2003). Blinded Sample Size Recalculation for Normally Distributed Outcomes Using Long- and Short-term Data.. BIOMETRICAL JOURNAL, 45, 915-930.


WÜST, K. (2014). Risikomanagement - Eine Einführung mit Anwendungen in Excel. UVK Verlagsgesellschaft.

WÜST, K. (2006). Finanzmathematik - Vom klassischen Sparbuch zum modernen Zinsderivat. Gabler Verlag.

Chapter in Book

WÜST, K. (2012). Optimierung von Losgröße, Durchlaufzeit und Werkstattumlaufbeständen. In Klein, Andreas/ Schnell, Harald (Eds.), Der Controlling-Berater, Controlling-Instrumente in der Produktion. Haufe-Gruppe.

VOLKERT, J., & WÜST, K. (2011). Early Childhood, Agency and Capability Deprivation - A Quantitative Analysis Using German Socio-Economic Panel Data. In Ortrud Leßmann, Hans-Uwe Otto und Holger Ziegler (Eds.), Closing the Capabilities Gap. Renegotiating social justice for the young. Barbara Budrich Publishers.

CLEFF, T., & WUEST, K. (2008). Ansätze einer algorithmischen Anwendung quantitativer Verfahren zur effizienten Bedarfsprognose von Vorprodukten. Erste Ergebnisse einer empirischen Untersuchung. In Barkovic, D., Runzheimer, B. (Eds.), New Approaches to Research in Management. Grafika.

Article in Proceeding

GOEHLICH, V., & WUEST, K. (2015). Gender role perceptions among female students of economics from China, Germany, Mexico, Russia and Turkey., Innovation, Entrepreneurship and Sustainable Value Chain in a Dynamic Environment, 8th Annual Conference of the EuroMed Academy of Business (pp. 900-915).

VOLKERT, J., & WÜST, K. (2010). Childhood and Capability Deprivation in Germany. A quantitative analysis using German socio-economic panel data., Paper presented at the 10th Human Development and Capability Association Conference, 21. - 23. September 2010.

VOLKERT, J., & WÜST, K. (2009). Early Childhood, Agency, and Capability Deprivation. A quantitative analysis using German socio-economic panel data., Paper präsentiert auf der Jahreskonferenz der Human Development and Capability Association (HDCA), 10 - 12. September 2009.

Academic Papers of Pforzheim University

BECK, H., & WÜST, K. (2009). Gescheiterte Diäten, Wucherzinsen und Warteprämien: Die neue ökonomische Theorie der Zeit., Pforzheim, Germany.

Presentation at a Conference




Member of the organizing committee of a professional event

since 2015

Organisation "Lange Nacht der Wissenschaft"


Research Semester/Sabbatical




Program Director

since 2013

Fachgebietsleiterin Quantitative Methoden