Philipp Strack

Yale, Department of Economics

28 Hillhouse Ave

New Haven, CT 06520-8268

United States

  • Yale, Department of Economics

SCHOLARLY PAPERS

41

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137

Scholarly Papers (41)

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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 1,139 (26,658)
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, Sebastian Ebert and Philipp Strack
Frankfurt School of Finance & ManagementFrankfurt School of Finance & Management and Yale, Department of Economics
Downloads 1,044 (30,252)
Citation 20

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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 998 ( 32,221)
Citation 8

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 881 (37,898)
Citation 7

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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 117 (327,379)
Citation 3

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Optimal stopping, Dynamic behavior, Regret

4.

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 800 (43,829)
Citation 27

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5.

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 775 (45,691)
Citation 16

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

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 753 (47,586)
Citation 30

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7.

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 735 (49,061)
Citation 1

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

8.

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 604 (63,248)
Citation 13

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Bayesian learning

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 597 (64,198)
Citation 3

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all-pay contests, contest structures, competitiveness

10.

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

Downloads 532 ( 74,253)

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 481 (83,156)

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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 51 (528,999)
Citation 2

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Bitcoin, Random Selection, Proportional Selection Rule, Impossibility Theorem

11.

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 515 (77,281)

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

12.

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 478 (84,569)
Citation 3

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Contests, All-Pay Auctions, Silent Timing Games

13.

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 471 (86,077)
Citation 12

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

14.

Never, Ever Getting Started: On Prospect Theory Without Commitment

Number of pages: 20 Posted: 19 Apr 2016 Last Revised: 29 Jul 2018
Sebastian Ebert, Sebastian Ebert and Philipp Strack
Frankfurt School of Finance & ManagementFrankfurt School of Finance & Management and Yale, Department of Economics
Downloads 438 (93,697)
Citation 10

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

15.

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 399 (104,418)
Citation 5

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

16.

Strategic Experimentation with Private Payoffs

Downloads 399 (104,418)
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 399 (103,572)
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 1
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Bayesian learning, cheap talk, information externality, mediated communication, strategic experimentation, two-armed bandit

17.

Dynamic Revenue Maximization: A Continuous Time Approach

Downloads 392 (106,543)
Citation 9

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 291 (146,332)

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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 42 (573,724)

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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 39 (590,136)
Citation 9

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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 20 (724,142)
Citation 1

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Mechanism design, Dynamic auctions, Repeated sales

18.

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 338 (125,732)
Citation 1

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

19.

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 332 (128,177)
Citation 12

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

20.

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 327 (130,241)
Citation 5

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Contest, All-Pay Auction, Research Tournament

21.

A Theory of Auctions with Endogenous Valuations

Downloads 317 (134,443)
Citation 2

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 317 (133,719)
Citation 2

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Auctions, Mechanism Design, Investments, Endogenous Valuations

22.

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 284 (150,837)
Citation 11

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Misspecified Learning, Berk-Nash Equilibrium

23.

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 269 (159,260)
Citation 1

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24.

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 268 (159,881)
Citation 8

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

25.

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 261 (164,212)
Citation 11

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26.

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 258 (166,134)
Citation 6

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27.

Selective Memory Equilibrium

Number of pages: 56 Posted: 28 Jan 2022 Last Revised: 01 Jun 2022
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 250 (171,949)

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Memory, Learning, Underinference, Misspecification

28.

Progressive Participation

Downloads 158 (258,874)
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 135 (294,326)
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 23 (698,891)

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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

29.

Pathwise Concentration Bounds for Misspecified Bayesian Beliefs

Number of pages: 45 Posted: 01 Apr 2021 Last Revised: 26 Jul 2022
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 146 (277,338)

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30.

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 122 (316,156)
Citation 4

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

31.

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 116 (327,629)
Citation 3

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

32.

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 77 (424,425)
Citation 10

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33.

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 63 (471,635)
Citation 4

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Information design, private information, laminar partitions

34.

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 - Department of Management Science & Engineering, University of Southern California, Department of Economics and Yale, Department of Economics
Downloads 63 (471,635)
Citation 4

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Kidney Exchange, Dynamic Matching

35.

Equity in Dynamic Matching: Extreme Waitlist Policies

Number of pages: 22 Posted: 06 Apr 2022
Afshin Nikzad and Philipp Strack
University of Southern California, Department of Economics and Yale, Department of Economics
Downloads 62 (483,055)

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36.

Taxing Externalities Without Hurting the Poor

Number of pages: 54 Posted: 09 Aug 2022
Mallesh Pai and Philipp Strack
Rice University and Yale, Department of Economics
Downloads 38

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externalities, redistribution, taxation, mechanism design

37.

Optimal Insurance: Dual Utility, Random Losses and Adverse Selection

Number of pages: 37 Posted: 04 Aug 2022 Last Revised: 08 Aug 2022
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 26 (663,439)

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insurance, dual utility, random loss

38.

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 22 (686,029)
Citation 1

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39.

Limited Self-Knowledge and Survey Response Behavior

Downloads 12 (709,370)

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 12 (808,875)

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40.

Learning Through Imitation: an Experiment

Downloads 2 (761,027)

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 (913,434)
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41.

Dynamic Preference “Reversals” and Time Inconsistency

NBER Working Paper No. w28961
Number of pages: 63 Posted: 28 Jun 2021 Last Revised: 03 Aug 2022
Philipp Strack and Dmitry Taubinsky
Yale, Department of Economics and University of California, Berkeley - Department of Economics
Downloads 9 (799,046)
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Other Papers (1)

Total Downloads: 395
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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 395

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