Philipp Sadowski


PUBLISHED AND FORTHCOMING PAPERS

Magical Thinking: A Representation Result, with Brendan Daley [April 2016]
Theoretical Economics, forthcoming
Abstract: This paper suggests a novel way to import the approach of axiomatic theories of individual choice into strategic settings and demonstrates the benefits of this approach. We propose both a tractable behavioral model as well as axioms applied to the behavior of the collection of players, focusing first on Prisoners' Dilemma games. A representation theorem establishes these axioms as the precise behavioral content of the model, and that the model's parameters are (essentially) uniquely identified from behavior. The behavioral model features magical thinking: players behave as if their expectations about their opponents' behavior vary with their own choices. The model provides a unified view of documented behavior in a range of often-studied games, such as the Prisoners' Dilemma, the Battle of the Sexes, Hawk-Dove, and the Stag Hunt, and also generates novel predictions across games.
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Supplementary Appendix

Overeagerness [August 2016]
Journal of Economic Behavior and Organization, forthcoming
Abstract
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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
Abstract
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Dynamic Preference for Flexibility, with R. Vijay Krishna [May 2014]
Econometrica, Vol 82(2), 655-704
Abstract
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Contingent Preference for Flexibility: Eliciting Beliefs from Behavior [May 2013]
Theoretical Economics, Vol 8, 503-534
Abstract
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Ashamed to be Selfish, with David Dillenberger [January 2012]
Theoretical Economics, Vol 7, 99-124
Abstract
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WORKING PAPERS

Subjective Information Choice Processes with David Dillenberger and R. Vijay Krishna [November 2017]
Abstract
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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.
Abstract
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Preferences with Taste Shock Representations: Price Volatility and the Liquidity Premium,
with R. Vijay Krishna [June 2016]
Abstract
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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