Philipp Sadowski


PUBLISHED AND FORTHCOMING PAPERS

Magical Thinking: A Representation Result, with Brendan Daley [April 2016]
Theoretical Economics, forthcoming
Abstract
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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
Abstract: We study an individual who faces a dynamic decision problem in which the process of information arrival is unobserved by the analyst. We elicit subjective information directly from choice behavior by deriving two utility representations of preferences over menus of acts. One representation uniquely identifies information as a probability measure over posteriors and the other identifies information as a partition of the state space. We compare individuals who expect to learn differently in terms of their preference for flexibility. On the extended domain of dated-menus, we show how to accommodate gradual learning over time by means of a subjective filtration.

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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
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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 [January 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