Philipp Strack

Yale, Department of Economics

28 Hillhouse Ave

New Haven, CT 06520-8268

United States

  • Yale, Department of Economics

SCHOLARLY PAPERS

32

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108

Scholarly Papers (32)

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1.

Until the Bitter End: On Prospect Theory in a Dynamic Context

Number of pages: 25 Posted: 16 Feb 2012 Last Revised: 15 Dec 2015
Sebastian Ebert and Philipp Strack
Frankfurt School of Finance & Management gemeinnützige GmbH and Yale, Department of Economics
Downloads 972 (24,849)
Citation 13

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Behavioral Economics, Disposition Effect, Irreversible Investment, Prospect Theory, Skewness Preference, Time-Inconsistency

2.

Too Proud to Stop: Regret in Dynamic Decisions

Downloads 895 ( 27,970)
Citation 3

Too Proud to Stop: Regret in Dynamic Decisions

Number of pages: 69 Posted: 15 Jul 2014 Last Revised: 23 Sep 2019
Philipp Strack and Paul Viefers
Yale, Department of Economics and A.T. Kearney GmbH
Downloads 798 (32,354)
Citation 2

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Optimal stopping, Dynamic behavior, Regret

Too Proud to Stop: Regret in Dynamic Decisions

DIW Berlin Discussion Paper No. 1401
Number of pages: 62 Posted: 29 Jul 2014 Last Revised: 06 Jul 2017
Paul Viefers and Philipp Strack
A.T. Kearney GmbH and Yale, Department of Economics
Downloads 97 (294,862)
Citation 2

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Optimal stopping, Dynamic behavior, Regret

3.

Stochastic Choice and Optimal Sequential Sampling

Number of pages: 40 Posted: 06 May 2015 Last Revised: 22 Mar 2017
Drew Fudenberg, Philipp Strack and Tomasz Strzalecki
Massachusetts Institute of Technology (MIT), Yale, Department of Economics and Harvard University - Harvard Institute of Economic Research
Downloads 739 (36,480)
Citation 26

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4.

The Wald Problem and the Relation of Sequential Sampling and Ex-Ante Information Costs

Number of pages: 27 Posted: 23 Jun 2017 Last Revised: 21 Feb 2019
Stephen Morris and Philipp Strack
MIT and Yale, Department of Economics
Downloads 726 (37,358)
Citation 21

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Sequential Sampling, Entropy Cost, Information Acquisition

5.

Optimal Stopping with Private Information

Number of pages: 34 Posted: 10 Jul 2013 Last Revised: 08 May 2014
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 691 (39,971)
Citation 7

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Dynamic Mechanism Design, Optimal Stopping, Dynamic Implementability, Posted-Price Mechanism

6.

Unrealistic Expectations and Misguided Learning

Number of pages: 65 Posted: 16 Dec 2015 Last Revised: 22 Apr 2017
Paul Heidhues, Botond Koszegi and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), Central European University (CEU) - Department of Economics and Yale, Department of Economics
Downloads 689 (40,137)
Citation 18

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7.

Rational Groupthink

Number of pages: 34 Posted: 24 Dec 2014 Last Revised: 13 Oct 2018
Matan Harel, Elchanan Mossel, Philipp Strack and Omer Tamuz
University of Geneva, Massachusetts Institute of Technology (MIT), Yale, Department of Economics and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 541 (54,984)
Citation 11

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Bayesian learning

8.

Gambling in Dynamic Contests

Number of pages: 24 Posted: 11 Sep 2009 Last Revised: 18 Dec 2014
Christian Seel and Philipp Strack
Maastricht University and Yale, Department of Economics
Downloads 495 (61,478)

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discontinuous games, dynamic contests, relative performance pay, risk-taking behavior

9.

Turning Up the Heat: The Discouraging Effect of Competition in Contests

Number of pages: 55 Posted: 30 Nov 2017 Last Revised: 15 Feb 2019
Dawei Fang, Thomas H. Noe and Philipp Strack
University of Gothenburg - Center For Finance, University of Oxford - Said Business School and Yale, Department of Economics
Downloads 466 (66,218)
Citation 7

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all-pay contests, contest structures, competitiveness

10.

Continuous Time Contests with Private Information

Number of pages: 28 Posted: 28 May 2011 Last Revised: 28 Jun 2013
Christian Seel and Philipp Strack
Maastricht University and Yale, Department of Economics
Downloads 456 (68,033)
Citation 2

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Contests, All-Pay Auctions, Silent Timing Games

11.

Strategic Experimentation with Private Payoffs

Downloads 378 ( 84,955)
Citation 15

Strategic Experimentation with Private Payoffs

Number of pages: 25 Posted: 25 Sep 2012 Last Revised: 22 May 2015
Paul Heidhues, Sven Rady and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), University of Bonn and Yale, Department of Economics
Downloads 378 (84,223)
Citation 5

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Strategic Experimentation, Two-Armed Bandit, Bayesian Learning, Information Externality, Mediated Communication, Cheap Talk

Strategic Experimentation with Private Payoffs

CEPR Discussion Paper No. DP10634
Number of pages: 27 Posted: 01 Jun 2015
Paul Heidhues, Sven Rady and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), University of Bonn and Yale, Department of Economics
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Citation 1
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Bayesian learning, cheap talk, information externality, mediated communication, strategic experimentation, two-armed bandit

12.

Dynamic Revenue Maximization: A Continuous Time Approach

Downloads 371 ( 86,850)
Citation 6

Dynamic Revenue Maximization: A Continuous Time Approach

Cowles Foundation Discussion Paper No. 1953
Number of pages: 48 Posted: 16 Jul 2014
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 276 (119,613)
Citation 1

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Mechanism design, Dynamic auctions, Repeated sales

Dynamic Revenue Maximization: A Continuous Time Approach

Cowles Foundation Discussion Paper No. 1953R3
Number of pages: 48 Posted: 27 May 2015
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 41 (463,658)

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Dynamic mechanism design, Repeated sales, Stochastic flow, Flat rates, Two-part Tariffs, Leasing

Dynamic Revenue Maximization: A Continuous Time Approach

Cowles Foundation Discussion Paper No. 1953RR
Number of pages: 46 Posted: 23 Jan 2015
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 35 (491,612)
Citation 7

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Mechanism design, Dynamic auctions, Repeated sales, Impulse response function, Stochastic flow

Dynamic Revenue Maximization: A Continuous Time Approach

Cowles Foundation Discussion Paper No. 1953R
Number of pages: 48 Posted: 01 Oct 2014
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 19 (589,551)

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Mechanism design, Dynamic auctions, Repeated sales

13.

Never, Ever Getting Started: On Prospect Theory Without Commitment

Number of pages: 20 Posted: 19 Apr 2016 Last Revised: 29 Jul 2018
Sebastian Ebert and Philipp Strack
Frankfurt School of Finance & Management gemeinnützige GmbH and Yale, Department of Economics
Downloads 337 (96,818)
Citation 6

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Prospect Theory, Risk-Taking, Skewness Preference, Time- Inconsistency

14.

Risk-Taking in Contests: The Impact of Fund-Manager Compensation on Investor Welfare

Number of pages: 39 Posted: 03 Mar 2016 Last Revised: 23 Jun 2016
Philipp Strack
Yale, Department of Economics
Downloads 328 (99,768)
Citation 4

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Dynamic Contests, Risk-Taking Behavior, All-Pay Contest, Managed Funds, Endogenous Risk, Black-Scholes

15.

Deadlines in Stochastic Contests

Journal of Mathematical Economics, Vol. 52, p. 134-142
Number of pages: 28 Posted: 24 Oct 2010 Last Revised: 11 Nov 2014
Matthias Lang, Christian Seel and Philipp Strack
Ludwig Maximilian University of Munich (LMU) - Faculty of Economics, Maastricht University and Yale, Department of Economics
Downloads 301 (109,629)
Citation 5

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Contest, All-Pay Auction, Research Tournament

16.

Revenue Maximizing Mechanisms with Strategic Customers and Unknown, Markovian Demand

Number of pages: 34 Posted: 20 Nov 2014 Last Revised: 18 Nov 2016
Alex Gershkov, Benny Moldovanu and Philipp Strack
Hebrew University of Jerusalem, University of Bonn - Chair of Economic Theory II and Yale, Department of Economics
Downloads 296 (111,633)
Citation 9

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Revenue Management, Strategic Buyers, Name Your Own Price, Mechanism Design

17.

Optimal Control of an Epidemic through Social Distancing

Downloads 278 (120,691)
Citation 3

Optimal Control of an Epidemic through Social Distancing

Number of pages: 23 Posted: 04 Jun 2020
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 182 (181,522)
Citation 1

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Social Distancing, SIR model, Time-Optimal Control of an Epidemic

Optimal Control of an Epidemic through Social Distancing

Cowles Foundation Discussion Paper No. 2229
Number of pages: 19 Posted: 23 Apr 2020
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 96 (298,954)
Citation 1

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Social Distancing, SIR model, Time-Optimal Control of an Epidemic

18.

A Theory of Auctions with Endogenous Valuations

Number of pages: 49 Posted: 09 Jan 2018 Last Revised: 13 Feb 2018
Alex Gershkov, Benny Moldovanu and Philipp Strack
Hebrew University of Jerusalem, University of Bonn - Chair of Economic Theory II and Yale, Department of Economics
Downloads 263 (126,473)
Citation 1

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19.

Active Learning with Misspecified Beliefs

Number of pages: 35 Posted: 09 Feb 2016 Last Revised: 28 Feb 2016
Drew Fudenberg, Gleb Romanyuk and Philipp Strack
Massachusetts Institute of Technology (MIT), Harvard University and Yale, Department of Economics
Downloads 239 (139,303)
Citation 5

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20.

Identifying Present-Bias from the Timing of Choices

Number of pages: 45 Posted: 03 Jun 2019 Last Revised: 20 Aug 2019
Paul Heidhues and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE) and Yale, Department of Economics
Downloads 160 (200,950)
Citation 4

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Timeinconsistency, Hyperbolic Discounting, Naivite, Sophistication, Identification, Task-Completion

21.

Extreme Points and Majorization: Economic Applications

Number of pages: 52 Posted: 03 Apr 2020 Last Revised: 06 Apr 2020
Andreas Kleiner, Benny Moldovanu and Philipp Strack
Arizona State University (ASU), University of Bonn - Chair of Economic Theory II and Yale, Department of Economics
Downloads 148 (218,105)
Citation 2

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Majorization, Extreme Points, Bayesian Persuation, Border's Theorem

22.

Bitcoin: An Impossibility Theorem for Proof-of-Work Based Protocols

Downloads 138 (228,152)

Bitcoin: An Impossibility Theorem for Proof-of-Work Based Protocols

Cowles Foundation Discussion Paper No. 2204R, 2019
Number of pages: 19 Posted: 15 Nov 2019
Jacob Leshno and Philipp Strack
Chicago Booth and Yale, Department of Economics
Downloads 120 (255,176)

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Bitcoin, Random Selection, Proportional Selection Rule, Impossibility Theorem

Bitcoin: An Impossibility Theorem for Proof-of-Work based Protocols

Cowles Foundation Discussion Paper No. 2204, February 2019
Number of pages: 11 Posted: 10 Oct 2019
Jacob Leshno and Philipp Strack
Chicago Booth and Yale, Department of Economics
Downloads 18 (596,660)

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Bitcoin, Random Selection, Proportional Selection Rule, Impossibility Theorem

23.

Convergence in Misspecified Learning Models with Endogenous Actions

Number of pages: 23 Posted: 14 Jan 2019
Paul Heidhues, Botond Koszegi and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE), Central European University (CEU) - Department of Economics and Yale, Department of Economics
Downloads 136 (229,439)
Citation 1

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24.

Expectation-Based Loss Aversion and Strategic Interaction

Number of pages: 45 Posted: 15 Mar 2017
Simon Dato, Andreas Grunewald, Daniel Mueller and Philipp Strack
University of Bonn, University of Bonn - Economic Science Area, Saarland University and Yale, Department of Economics
Downloads 115 (260,476)
Citation 3

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Non-Cooperative Games, Expectation-Based Loss Aversion, Reference-Dependent Preferences, Mixed Strategies

25.

An Inverse Optimal Stopping Problem for Diffusion Processes

Number of pages: 28 Posted: 28 Apr 2017
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 98 (290,881)
Citation 1

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Optimal Stopping, Reflected Stochastic Processes, Dynamic Mechanism Design, Dynamic Implementability

26.

Progressive Participation

Downloads 82 (325,238)

Progressive Participation

Cowles Foundation Discussion Paper No. 2189
Number of pages: 49 Posted: 15 Aug 2019
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 70 (360,127)

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Dynamic Mechanism Design, Observable Arrival, Unobservable Arrival, Repeated Sales, Interim Incentive Constraints, Interim Participation Constraints, Stopping Problem, Option Value, Progressive Participation

Progressive Participation

Cowles Foundation Discussion Paper No. 2189R
Number of pages: 43 Posted: 31 Jan 2020
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 12 (640,610)

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Dynamic Mechanism Design, Observable Arrival, Unobservable Arrival, Repeated Sales, Interim Incentive Constraints, Interim Participation Constraints, Stopping Problem, Option Value, Progressive Participation

27.

Efficient Dynamic Allocation with Strategic Arrivals

Number of pages: 26 Posted: 14 Jan 2015
Alex Gershkov, Benny Moldovanu and Philipp Strack
Hebrew University of Jerusalem, University of Bonn - Chair of Economic Theory II and Yale, Department of Economics
Downloads 70 (356,012)
Citation 8

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28.

A Theory of Auctions with Endogenous Valuations

Downloads 51 (415,676)
Citation 2

A Theory of Auctions with Endogenous Valuations

Number of pages: 55 Posted: 27 Mar 2020
Alex Gershkov, Benny Moldovanu, Philipp Strack and Mengxi Zhang
Hebrew University of Jerusalem, University of Bonn - Chair of Economic Theory II, Yale, Department of Economics and Institute for Microeconomics, University of Bonn
Downloads 51 (422,706)
Citation 2

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Auctions, Mechanism Design, Investments, Endogenous Valuations

29.

Limit Points of Endogenous Misspecified Learning

Number of pages: 59 Posted: 03 Apr 2020 Last Revised: 26 May 2020
Drew Fudenberg, Giacomo Lanzani and Philipp Strack
Massachusetts Institute of Technology (MIT), Massachusetts Institute of Technology (MIT) - Department of Economics and Yale, Department of Economics
Downloads 49 (422,932)
Citation 1

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Misspecified Learning, Berk-Nash Equilibrium

30.

Optimal Auctions for Dual Risk Averse Bidders: Myerson meets Yaari

Number of pages: 40 Posted: 27 Mar 2020
Alex Gershkov, Benny Moldovanu, Philipp Strack and Mengxi Zhang
Hebrew University of Jerusalem, University of Bonn - Chair of Economic Theory II, Yale, Department of Economics and Institute for Microeconomics, University of Bonn
Downloads 42 (450,038)
Citation 1

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auctions, dual risk-averse bidders, full insurance

31.

Matching in Dynamic Imbalanced Markets

Number of pages: 65 Posted: 25 Sep 2018 Last Revised: 25 May 2019
Itai Ashlagi, Afshin Nikzad and Philipp Strack
Stanford University - Management Science & Engineering, University of Southern California, Department of Economics and Yale, Department of Economics
Downloads 23 (544,710)

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Kidney Exchange, Dynamic Matching

32.

A Note on the Smoothness of Choice Probabilities in the DDM Model

Number of pages: 4 Posted: 26 Dec 2018
Philipp Strack
Yale, Department of Economics
Downloads 7 (650,564)

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