Philipp Sadowski


PUBLISHED AND FORTHCOMING PAPERS

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

Overeagerness [August 2016]
Journal of Economic Behavior and Organization, forthcoming
Abstract
Download

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
Abstract
Download

Dynamic Preference for Flexibility, with R. Vijay Krishna [May 2014]
Econometrica, Vol 82(2), 655-704
Abstract
Download

Contingent Preference for Flexibility: Eliciting Beliefs from Behavior [May 2013]
Theoretical Economics, Vol 8, 503-534
Abstract
Download

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



WORKING PAPERS

Subjective Information Choice Processes with David Dillenberger and R. Vijay Krishna [November 2017]
Abstract: We propose a new class of recursive dynamic models that capture subjective constraints on the amount of information a decision maker can obtain, pay attention to, or absorb, via an Information Choice Process (ICP). An ICP specifies the information that can be acquired about the payoff-relevant state in the current period, and how this choice affects what can be learned in the future. The constraint imposed by the ICP is identified up to a recursive dynamic extension of Blackwell dominance. All the other parameters of the model are also uniquely identified. Additionally, we provide behavioral foundations, ie axioms, for the model.


Download
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.
Abstract
Download

Preferences with Taste Shock Representations: Price Volatility and the Liquidity Premium,
with R. Vijay Krishna [June 2016]
Abstract
Download

Randomly Evolving Tastes and Delayed Commitment, with R. Vijay Krishna [June 2016]
Abstract
Download

Department of Economics, Duke University, Box 90097, Durham, NC 27708, USA | 919 660 1821 | p.sadowski (at) duke (dot) edu