Elaine Horstmann studied economics and sociology with a focus on statistics in Göttingen and Bologna (Italy) as well as international economics in Göttingen and Aarhus (Denmark). During her studies, she worked as a tutor for Statistics I-III and in statistical consulting at the Center for Quantitative Methods in the Social Sciences, as well as a student assistant in various projects of the Chair of Statistics (Economics) and the Chair of Economic Policy and SME Research. She received her doctorate in 2022 at the chair of Prof. Bizer. In her doctoral thesis, she is experimentally investigating the behavioral-economic background of non-R&D innovations. The topics of learning, information search, decision-making and organizational psychology are of particular interest. Her research interests also include institutional economics and corporate succession in (family- or owner-managed) SMEs.