Research

Research Interests

I am a microeconomic theorist who studies peoples behavior in dynamic situations. I am especially interested in the role of stochastically evolving private information. I studied the role of private learning in dynamic contests, strategic experimentation games, and dynamic mechanism design settings. The techniques used are drawn from game theory, optimization and probability theory. If necessary, I develop new techniques and mathematical results.

Applications of my work include revenue maximizing sale of airplane tickets, dynamic ad-word auctions, optimal unemployment benefits, model-free option pricing and competition between mutuals fund managers.

Publications & Working Paper

  1. Too Proud to Stop: Regret in Dynamic Decisions

    Paul Viefers, Philipp Strack

  2. Competition and Endogenous Risk-Taking in Financial Markets

    Philipp Strack

  3. Optimal Stopping With Private Information

    Thomas Kruse, Philipp Strack
    Working Paper on SSRN

  4. Dynamic Revenue Maximization: A Continuous Time Approach

    Dirk Bergemann, Philipp Strack

  5. Efficient Dynamic Allocation with Strategic Arrivals

    Revise and Resubmit in the Review of Economic Studies

    Alex Gershkov, Benny Moldovanu, Philipp Strack

  6. Until the Bitter End: On Prospect Theory in the Dynamic Context

    Revise and Resubmit in the American Economic Review

    Sebastian Ebert, Philipp Strack
    Working Paper on SSRN - A discussion of the paper by Kevin Bryan - Winner of the 2013 SCOR/EGRIE Award

  7. Continuous Time Contests with Private Information

    Christian Seel, Philipp Strack
    Working Paper on SSRN

  8. Strategic Experimentation with Private Payoffs

    Paul Heidhues and Sven Rady, Philipp Strack
    Working Paper on SSRN

  9. Gambling in Contests

    Journal of Economic Theory, Volume 148, Issue 5, September 2013, Pages 2033-2048

    Christian Seel, Philipp Strack
    Published Paper - Working Paper on SSRN

  10. Deadlines in Stochastic Contests

    Journal of Mathematical Economics, forthcoming

    Christian Seel, Matthias Lang, Philipp Strack
    Published Paper - Working Paper on SSRN

  11. Finite, integrable and bounded time embeddings for diffusions

    BERNOULLI, forthcoming

    Stefan Ankirchner, David Hobson, Philipp Strack
    Working Paper on arxiv

  12. Skorokhod Embeddings in Bounded Time

    Stochastics And Dynamics, Volume 11, Issue 02n03, September 2011

    Stefan Ankirchner, Philipp Strack
    Working Paper - Published Paper

Presentations

Presentations by me or a coauthor

Dez 12, 2013
University of Bonn
Risktaking and Financial Competition presented by Philipp Strack
Nov 11, 2013
University of Montreal
Risktaking and Financial Competition presented by Philipp Strack
Oct 23, 2013
Max Planck Institute, Bonn
Risktaking and Financial Competition presented by Philipp Strack
Sep 24, 2013
University of Pennsylvania, Philadelphia
Optimal Stopping with Private Information presented by Philipp Strack
Sep 23, 2013
Duke University
Optimal Stopping with Private Information presented by Philipp Strack
Sep 17, 2013
University of Toronto, Toronto
Optimal Stopping with Private Information presented by Philipp Strack
Sep 15, 2013
University of Texas, Austin
Optimal Stopping with Private Information presented by Philipp Strack
Aug 29, 2013
Microsoft Research New England, Boston
Dynamic Revenue Maximization: A Continuous Time Approach presented by Philipp Strack
Aug 23, 2013
MIT Applied Theory Summer Camp
Optimal Stopping with Private Information presented by Philipp Strack
Aug 16, 2013
Microsoft Research New England, Boston
Optimal Stopping with Private Information presented by Philipp Strack
April 25, 2013
University of Warwick, Statistics Departement
Optimal Stopping with Private Information presented by Philipp Strack
April 17, 2013
SFB Meeting, Bonn Germany
Optimal Stopping with Private Information presented by Philipp Strack
April 9, 2013
University of Bielefeld, Germany
Optimal Stopping with Private Information presented by Philipp Strack
Feb 11, 2013
Northwestern University, Evanston
Optimal Stopping with Private Information presented by Philipp Strack
Feb 7, 2013
University of California, Los Angeles
Optimal Stopping with Private Information presented by Philipp Strack
Feb 5, 2013
Columbia University, Business School
Optimal Stopping with Private Information presented by Philipp Strack
Feb 4, 2013
Columbia University, Economics Department
Optimal Stopping with Private Information presented by Philipp Strack
Feb 1, 2013
University of California, Berkeley
Optimal Stopping with Private Information presented by Philipp Strack
Jan 30, 2013
New York University
Optimal Stopping with Private Information presented by Philipp Strack
Jan 24, 2013
California Institute of Technology
Optimal Stopping with Private Information presented by Philipp Strack
Jan 18, 2013
Harvard University
Optimal Stopping with Private Information presented by Philipp Strack
Jan 16, 2013
University College London
Optimal Stopping with Private Information presented by Philipp Strack
Jan 15, 2013
University of Warwick
Optimal Stopping with Private Information presented by Philipp Strack
Dez 3, 2012
University of Chicago
Dynamic Revenue Maximization a Continuous Time Approach presented by Dirk Bergemann
Nov 9, 2012
European Winter Meetings of the Econometric Society 2012, Konstanz
Continuous Time Contests presented by Philipp Strack
Oct 29, 2012
University of Cologne
Until the Bitter End: On Prospect Theory in the Dynamic Context presented by Philipp Strack
Oct 16, 2012
INFORMS Annual Meeting 2012, Phoenix,
Dynamic Revenue Maximization a Continuous Time Approach presented by Philipp Strack
Oct 9, 2012
Yale University
Dynamic Implementability for Optimal Stopping presented by Philipp Strack
Oct 4, 2012
University of Maastricht
Dynamic Implementability for Optimal Stopping presented by Philipp Strack
Aug 2012
27th Annual Congress of the European Economic Association Malaga
Until the Bitter End: On Prospect Theory in the Dynamic Context presented by Philipp Strack
June 20, 2012
Fourth Congress of the Game Theory Society 2012 Istanbul
Continuous Time Contests presented by Philipp Strack
May 23, 2012
Maastricht University
Continuous Time Contests presented by Christian Seel
Apr 20, 2012
Mannheim University
Strategic Experimentation with Private Payoffs presented by Philipp Strack
Feb 10, 2012
Berlin Behavioral Economics Workshop
Until the Bitter End: On Prospect Theory in the Dynamic Context presented by Philipp Strack
Feb 2, 2012
Finance Seminar, University of Bonn
Until the Bitter End: On Prospect Theory in the Dynamic Context presented by Sebastian Ebert
Jan 11, 2012
University of Bonn
How to Sell an Option presented by Philipp Strack
Sep 9, 2011
Mannheim University
Continuous Time Contests presented by Christian Seel
Sep 6, 2011
Verein für Sozialpolitik, Jahrestagung 2011
Gambling in Contests presented by Christian Seel
July 19, 2011
Stochastic and Real World Models Conference 2011 (Bielefeld)
Skorokhod Embeddings in Bounded Time presented by Stefan Ankirchner
July 12, 2011
International Conference on Game Theory, Stony Brook University New York
Continuous Time Contests presented by Philipp Strack
June, 2011
Philipps-University Marburg
Skorokhod Embeddings in Bounded Time presented by Stefan Ankirchner
April 27, 2011
Yale University
Continuous Time Contests presented by Philipp Strack
Feb 24, 2011
IMPACT-Workshop, Berlin University
Skorokhod Embeddings in Bounded Time presented by Stefan Ankirchner
Feb 15, 2011
Yale University
Gambling in Contests presented by Philipp Strack
Feb 2, 2011
Maastricht University
Gambling in Contests presented by Christian Seel
Jan 7, 2011
AEA Meeting Denver
Strategic Experimentation with Private Payoffs presented by Paul Heidhues
Nov 2010
Brownbag Seminar, University of Cologne
Gambling in Dynamic Contests presented by Christian Seel
Oct 28, 2010
Brownbag Seminar, University of Frankfurt
Continuous Time Contests presented by Christian Seel
Oct 20, 2010
SFB Conference, University of Bonn
Strategic Experimentation with Private Payoffs presented by Sven Rady
Oct 10, 2010
University of Jena
Skorokhod Embeddings in Bounded Time presented by Stefan Ankirchner
Sep 11, 2010
Workshop on Stochastic Games, Erice
Gambling in Dynamic Contests presented by Christian Seel
Aug 17, 2010
World Congress of the Econometric Society 2010, Shanghai
Gambling in Dynamic Contests presented by Philipp Strack
May 11, 2010
Mathematics Department University of Bonn
Gambling in Dynamic Contests presented by Philipp Strack
Apr 21, 2010
Economics Department University of Bonn (Microworkshop)
Continuous Time Contests presented by Christian Seel
Apr 1, 2010
Yale University
Strategic Experimentation with Private Payoffs presented by Sven Rady
Mar 15, 2010
University of California, Berkeley
Strategic Experimentation with Private Payoffs presented by Paul Heidhues
Mar 19, 2010
Economics Department University of Barcelona (EDP Jamboree 2010)
Gambling in Dynamic Contests presented by Christian Seel
Dez 1, 2009
Economics Department University of Bielefeld
Gambling in Dynamic Contests presented by Christian Seel
Jul 8, 2009
Economics Department University of Bonn (Microworkshop)
Gambling in Dynamic Contests presented by Philipp Strack

Curriculum Vitae

Current Position

After July 2014
UC Berkeley, Berkeley, USA
Assistant Professor
July 2013 - present
Microsoft Research New England, Boston, USA
Postdoctoral Researcher

Education

2011 - present
Bonn International Graduate School of Mathematics, Bonn, Germany
Ph.D student in Mathematics supervised by Professor Stefan Ankirchner
2010 - 2011
Yale University, New Haven, USA
Visiting Assistant in Research
2008 - 2013
Bonn Graduate School of Economics (BGSE), Bonn, Germany
Ph.D. in Economics supervised by Professor Paul Heidhues
Sep. - 0ct. 2008
Takushoku University, Tokio, Japan
Visiting student
2004-2010
University of Bonn, Bonn, Germany
Diplom in Mathematics
2004-2009
University of Bonn, Bonn, Germany
Diplom in Economics

Referee for

Review of Economic Studies, Journal of the European Economic Association, American Economic Journal: Microeconomics, Economic Inquiry, Review of Labour Economics and Industrial Relations, Operations Research

Honors

2013
"Until the Bitter End: On Prospect Theory in the Dynamic Context" wins the SCOR/EGRIE Award
2012
Scholarship of the German Federal Bank (Stipendiat der Dt. Bundesbank) 2012
2012
Recipient of the first JEEA Excellence in Refereeing Award 2012
2012
Invited to the European Winter Meetings of the Econometric Society 2012
2008-2012
Scholarship of the Bonn Graduate School of Economics
2008-2011
PhD Scholarship of the Foundation of German Business (Stiftung der Deutschen Wirtschaft)
2008
Scholarship of the Nippon Carl Duisberg Foundation financing a stay at the Takushoku University
2004-2008
Scholarship of the Foundation of German Business (Stiftung der Deutschen Wirtschaft)
2002-2004
FFF (FoerdernFordernForschen) scholarship for highly gifted scholars from the University of Bonn