Philipp Sadowski


PUBLISHED AND FORTHCOMING PAPERS

Magical Thinking: A Representation Result, with Brendan Daley [April 2016]
Theoretical Economics, forthcoming
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Supplementary Appendix

Overeagerness [August 2016]
Journal of Economic Behavior and Organization, forthcoming
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A Theory of Subjective Learning, with David Dillenberger, Juan Lleras, and Norio Takeoka [September 2014]
Some results previously appeared in "Subjective Learning" with David Dillenberger.
Journal of Economic Theory, Vol 153, 287-312
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Dynamic Preference for Flexibility, with R. Vijay Krishna [May 2014]
Econometrica, Vol 82(2), 655-704
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Contingent Preference for Flexibility: Eliciting Beliefs from Behavior [May 2013]
Theoretical Economics, Vol 8, 503-534
Abstract: Following Kreps (1979), I consider a decision maker who is uncertain about her future taste. This uncertainty leaves the decision maker with a preference for flexibility: When choosing among menus containing alternatives for future choice, she weakly prefers menus with additional alternatives. Standard representations accommodating this choice pattern cannot distinguish tastes (indexed by a subjective state space) and beliefs (a probability measure over the subjective states) as different concepts. I allow choice between menus to depend on objective states. My axioms provide a representation that uniquely identifies beliefs, provided objective states are sufficiently relevant for choice. I suggest that this result could provide choice theoretic substance to the assumption, commonly made in the (incomplete) contracting literature, that contracting parties who know each others' ranking of contracts, also share beliefs about each others' future tastes in the face of unforeseen contingencies.

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Ashamed to be Selfish, with David Dillenberger [January 2012]
Theoretical Economics, Vol 7, 99-124
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WORKING PAPERS

Subjective Information Choice Processes with David Dillenberger and R. Vijay Krishna [November 2017]
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Supplementary Appendix

Inertial Behavior and Generalized Partition with David Dillenberger [May 2016]
Some results previously appeared in "Subjective Learning" with David Dillenberger. This paper supersedes ERID-132.
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Preferences with Taste Shock Representations: Price Volatility and the Liquidity Premium,
with R. Vijay Krishna [June 2016]
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Randomly Evolving Tastes and Delayed Commitment, with R. Vijay Krishna [June 2016]
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Department of Economics, Duke University, Box 90097, Durham, NC 27708, USA | 919 660 1821 | p.sadowski (at) duke (dot) edu