Philipp Illeditsch

Assistant Professor
Department of Finance

Biography

Philipp Karl Illeditsch joined the Finance Department of Texas A&M’s Mays Business School as Assistant Professor in the Summer of 2020. He conducts theoretical and empirical research in asset pricing and portfolio choice. His current research focuses on the implications of disagreement, preference heterogeneity, financial frictions, and ambiguity aversion (Knightian uncertainty) for portfolio choice, asset pricing, the informational efficiency of prices, wealth inequality, and endogenous growth. He also works on reduced form term structure models, Stochastic Portfolio Theory, and commodity ETFs. Prof. Illeditsch is a member of the Finance Theory Group and the Macro Finance Society and his articles have appeared in the Journal of Finance, the Journal of Financial Economics, and the Review of Finance, and Management Science. He is previously taught the Corporate Finance Honors class at the undergraduate level at The Wharton School where he has been working for many years and where he taught Financial Derivatives both at the undergraduate and MBA level. Prof. Illeditsch was visiting Carnegie Mellon University from July 2017 until June 2019 were he taught International Finance at the undergraduate and MBA level and a doctoral seminar on Asset Pricing

Research Interests

Implications of disagreement, preference heterogeneity, financial frictions, and ambiguity aversion (Knightian uncertainty) for portfolio choice, asset pricing, the informational efficiency of prices, wealth inequality, and endogenous growth