Philipp Strack

Yale, Department of Economics

28 Hillhouse Ave

New Haven, CT 06520-8268

United States

  • Yale, Department of Economics

SCHOLARLY PAPERS

44

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19,421

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330

CROSSREF CITATIONS

129

Scholarly Papers (44)

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1.

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 1,434 (23,537)
Citation 25

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Sequential Sampling, Entropy Cost, Information Acquisition

2.

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
and Yale, Department of Economics
Downloads 1,080 (35,601)
Citation 27

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

3.

Too Proud to Stop: Regret in Dynamic Decisions

Downloads 1,063 (36,432)
Citation 12

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 924 (43,732)
Citation 16

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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 139 (354,540)
Citation 4

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Optimal stopping, Dynamic behavior, Regret

4.

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 1,016 (38,836)
Citation 34

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

5.

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 833 (51,176)
Citation 27

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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 816 (52,647)
Citation 56

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7.

Taxing Externalities Without Hurting the Poor

Number of pages: 57 Posted: 09 Aug 2022 Last Revised: 24 Jan 2023
Mallesh Pai and Philipp Strack
Rice University and Yale, Department of Economics
Downloads 810 (53,157)

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externalities, redistribution, taxation, mechanism design

8.

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 765 (57,376)
Citation 4

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

9.

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

Downloads 710 (63,404)
Citation 2

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 650 (70,046)
Citation 4

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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 60 (615,212)
Citation 2

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Bitcoin, Random Selection, Proportional Selection Rule, Impossibility Theorem

10.

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 681 (66,903)
Citation 21

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all-pay contests, contest structures, competitiveness

11.

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 628 (74,129)
Citation 18

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Bayesian learning

12.

Selective Memory Equilibrium

Number of pages: 55 Posted: 28 Jan 2022 Last Revised: 13 Oct 2023
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 587 (80,561)
Citation 2

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Memory, Learning, Underinference, Misspecification

13.

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 532 (91,167)

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

14.

Identifying Present Bias from the Timing of Choices

Number of pages: 49 Posted: 03 Jun 2019 Last Revised: 22 Feb 2021
Paul Heidhues and Philipp Strack
Heinrich Heine University Dusseldorf - Duesseldorf Institute for Competition Economics (DICE) and Yale, Department of Economics
Downloads 515 (94,859)
Citation 19

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

15.

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 506 (96,945)
Citation 7

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Contests, All-Pay Auctions, Silent Timing Games

16.

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
and Yale, Department of Economics
Downloads 503 (97,626)
Citation 9

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

17.

Dynamic Revenue Maximization: A Continuous Time Approach

Downloads 437 (115,403)
Citation 12

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 307 (169,539)
Citation 1

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Mechanism design, Dynamic auctions, Repeated sales

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 53 (654,373)
Citation 13

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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. 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 50 (672,124)

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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. 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 27 (843,935)
Citation 1

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Mechanism design, Dynamic auctions, Repeated sales

18.

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 435 (116,030)
Citation 9

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

19.

Optimal Auctions: Non-Expected Utility and Constant Risk Aversion

Number of pages: 46 Posted: 27 Mar 2020 Last Revised: 15 Mar 2021
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 430 (117,655)
Citation 1

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Auction Design, Non-Expected Utility, Non-Linear Probability Weighting, Constant Risk Aversion

20.

Strategic Experimentation with Private Payoffs

Downloads 418 (121,609)
Citation 18

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 418 (120,405)
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
Downloads 0
Citation 4
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Bayesian learning, cheap talk, information externality, mediated communication, strategic experimentation, two-armed bandit

21.

A Theory of Auctions with Endogenous Valuations

Downloads 398 (128,696)
Citation 11

A Theory of Auctions with Endogenous Valuations

Number of pages: 53 Posted: 27 Mar 2020 Last Revised: 10 Aug 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 398 (127,553)
Citation 10

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Auctions, Mechanism Design, Investments, Endogenous Valuations

22.

Privacy Preserving Signals

Number of pages: 44 Posted: 05 Jun 2023 Last Revised: 04 Jul 2023
Philipp Strack and Kai Hao Yang
Yale, Department of Economics and Yale School of Management
Downloads 381 (135,567)

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23.

Optimal Insurance: Dual Utility, Random Losses and Adverse Selection

Number of pages: 38 Posted: 04 Aug 2022 Last Revised: 07 Apr 2023
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 375 (137,547)
Citation 1

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insurance, dual utility, random loss

24.

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 353 (147,006)
Citation 19

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

25.

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), Maastricht University and Yale, Department of Economics
Downloads 351 (147,890)
Citation 5

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Contest, All-Pay Auction, Research Tournament

26.

Limit Points of Endogenous Misspecified Learning

Number of pages: 61 Posted: 03 Apr 2020 Last Revised: 27 Jan 2021
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 344 (151,176)
Citation 11

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Misspecified Learning, Berk-Nash Equilibrium

27.

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 313 (167,793)
Citation 6

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28.

Optimal Control of an Epidemic through Social Distancing

Cowles Foundation Discussion Paper No. 2229
Number of pages: 28 Posted: 23 Apr 2020 Last Revised: 05 Aug 2020
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 292 (179,814)
Citation 8

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

29.

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 287 (183,723)
Citation 1

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30.

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 280 (187,691)
Citation 11

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31.

Misinterpreting Yourself

Number of pages: 60 Posted: 18 Jan 2023
Paul Heidhues, Botond Koszegi and Philipp Strack
Heinrich Heine University Dusseldorf, Central European University (CEU) - Department of Economics and Yale, Department of Economics
Downloads 269 (196,218)

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32.

Pathwise Concentration Bounds for Misspecified Bayesian Beliefs

Number of pages: 47 Posted: 01 Apr 2021 Last Revised: 05 Aug 2023
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 256 (205,421)

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33.

Optimal Security Design for Risk-Averse Investors

Number of pages: 56 Posted: 21 Jun 2023 Last Revised: 28 Nov 2023
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 213 (245,139)

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Security Design, Risk Aversion, Tranching, Pooling

34.

Progressive Participation

Downloads 202 (259,646)
Citation 1

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 167 (305,793)
Citation 1

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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: 46 Posted: 31 Jan 2020 Last Revised: 04 Mar 2022
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
Downloads 35 (784,800)

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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

CEPR Discussion Paper No. DP15111
Number of pages: 48 Posted: 18 Aug 2020
Dirk Bergemann and Philipp Strack
Yale University - Cowles Foundation - Department of Economics and Yale, Department of Economics
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Dynamic Mechanism Design, Interim Incentive Constraints, Interim Participation Constraints, Observable Arrival, Option value, Progressive Participation, Repeated Sales, Stopping Problem, Unobservable Arrival

35.

Optimal Disclosure of Information to Privately Informed Agents

Number of pages: 57 Posted: 11 Mar 2021 Last Revised: 11 Feb 2022
Ozan Candogan and Philipp Strack
University of Chicago - Booth School of Business and Yale, Department of Economics
Downloads 184 (282,371)
Citation 5

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Information design, private information, laminar partitions

36.

Equity and Efficiency in Dynamic Matching: Extreme Waitlist Policies

Number of pages: 42 Posted: 06 Apr 2022 Last Revised: 04 May 2023
Afshin Nikzad and Philipp Strack
University of Southern California, Department of Economics and Yale, Department of Economics
Downloads 181 (283,760)

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37.

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, Frankfurt School of Finance & Management, Saarland University and Yale, Department of Economics
Downloads 140 (351,791)
Citation 10

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

38.

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 127 (378,982)
Citation 3

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

39.

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 98 (456,789)
Citation 10

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40.

Matching in Dynamic Imbalanced Markets

Number of pages: 65 Posted: 25 Sep 2018 Last Revised: 25 Jan 2023
Itai Ashlagi, Afshin Nikzad and Philipp Strack
Stanford University - Department of Management Science & Engineering, University of Southern California, Department of Economics and Yale, Department of Economics
Downloads 82 (510,790)
Citation 4

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Kidney Exchange, Dynamic Matching

41.

Learning Through Imitation: an Experiment

Downloads 2 (630,730)

Learning Through Imitation: An Experiment

NBER Working Paper No. w29962
Number of pages: 49 Posted: 25 Apr 2022 Last Revised: 15 May 2022
Marina Agranov, GABRIEL LOPEZ-MOCTEZUMA, Philipp Strack and Omer Tamuz
California Institute of Technology, California Institute of Technology, Yale, Department of Economics and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 2 (1,084,282)

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42.

Limited Self-Knowledge and Survey Response Behavior

Downloads 41 (630,730)

Limited Self-Knowledge and Survey Response Behavior

CESifo Working Paper No. 9179
Number of pages: 60 Posted: 20 Jul 2021
Armin Falk, Thomas Neuber and Philipp Strack
University of Bonn - Economic Science Area, University of Bonn and Yale, Department of Economics
Downloads 41 (731,821)

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43.

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 35 (756,252)
Citation 1

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44.

Dynamic Preference “Reversals” and Time Inconsistency

NBER Working Paper No. w28961
Number of pages: 63 Posted: 28 Jun 2021 Last Revised: 18 Feb 2023
Philipp Strack and Dmitry Taubinsky
Yale, Department of Economics and University of California, Berkeley - Department of Economics
Downloads 18 (901,027)

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Other Papers (1)

Total Downloads: 492
Actions:
Email selected abstracts
1.

Optimal Control of an Epidemic through Social Distancing

Number of pages: 33 Posted: 04 Jun 2020 Last Revised: 25 Jul 2022
Thomas Kruse and Philipp Strack
Justus Liebig University Giessen and Yale, Department of Economics
Downloads 492

Abstract:

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