Felix Reichel

Data Engineering & Research Publications in Economics

📐 On Bessel’s Correction: Unbiased Sample Variance, the Bariance, and a Novel Runtime-Optimized Estimator

Journal of Mathematics and Statistics, Vol. 21, No. 1, forthcoming. • arXiv
EstimationStatisticsRuntime

Derives a fast unbiased estimator for sample variance and introduces a new concept, the “Bariance.”

Bariance figure

🏊‍♂️ Using COVID-19 Response Policy to Estimate Open Water and Swim Drafting Effects in Triathlon

SJSP, Vol. 4 No. 3 (May 2025) • Article
Sports EconNatural Experiment

Uses staggered triathlon starts during COVID to estimate causal drafting effects in open water swimming.

Drafting visual

📊 Strategic Effort and Bandwagon Effects in Finite Multi-Stage Games with Non-Linear Externalities: Evidence from Triathlon using a Leave-One-Out IV Strategy

Preprint (May 2025) • DOI
Game TheoryTriathlonIV Estimation

Analyzes group size and bandwagon effects in triathlons using a leave-one-out IV strategy.

Triathlon model

🛒 Spatial Competition on Psychological Pricing Strategies: Preliminary Evidence from an Online Marketplace

arXiv (Nov 2024) • arXiv
Behavioral EconOnline MarketsSpatial

Examines strategic .99 pricing and spatial clustering using scraped data from online bike markets.

Pricing screenshot

🧃 Evaluation of Political Interventions to Reduce Single-Use Plastics (SUPs) and subsequent SUP Littering: An Event-Study for Austria and Germany

Work in Progress • 2025 -
PolicyEvent StudyEnvironmental Economics

Investigates if political interventions under EU Directive 2019/904 caused observable price changes in Austria and Germany. Results support effective pass-through of externalities in line with the polluter-pays principle (PPP) using aggregated monthly price data and robustness checks.

Event study on plastics

🧪 alpha-miner 0.1.3 (WIP)

MIT License • pypi
Process MiningAlpha AlgorithmPython

Implements the α-algorithm for automated process discovery using event logs. Lightweight algorithm. Useful for high-level process mining in industrial settings. Hosted on PyPI.

Alpha miner diagram

austrian-cpi

MIT License • npm
AT-CPI Adjustment ToolsConsumer Price IndexTime SeriesJavaScript/Node.js

A lightweight, zero-dependency helper for working with Austrian CPI tables from Statistik Austria — perfect for dashboards, data-science notebooks, web applications, Node.js backend services, or quick inflation adjustments. Hosted on npm.

Statistically Significant Linear Regression Coefficients Solely Driven by Outliers in Finite-Sample Inference

Qeios (Open Peer Review) • Preprint • May 19, 2025 • DOI
RegressionOutliersInferenceDiagnostics

Demonstrates how a single outlier can cause a linear regression coefficient to appear statistically significant in small samples. Compares OLS to Robust, and alternative regression methods and emphasizes diagnostic methods for detecting influential observations.

Chaos in Dynamic Systems, Measuring Dimensionality, Entropy and the Hidden Dynamics of Residuals

Work in Progress • 2025 -
Chaos TheoryEntropyEconometrics

Uses dynamical systems theory to show that regression residuals—especially from misspecified models—can follow deterministic yet chaotic paths. Includes formal derivations of entropy and fractal dimensions, with examples informed by nonlinear time series analysis and chaos theory in economic systems.

Residual complexity

Contest Theory and Its Applications in Multi-stage and Endurance Sports

Work in Progress • 2025 -
Contest TheoryGame TheoryEconometrics