Promoted to Associate Professor with Tenure, September 2026.
Discussing the paper “CDX Markets, Time-Varying Fear, and Corporate Leverage” at the Annual Conference of the SFS Cavalcade North America at the Darden Graduate School of Business Administration of the University of Virginia - May 2026.
The paper “Market View: Reconciling Survey and Statistical Equity Premia" has received a Revise and Resubmit at Management Science, March 2026.
The paper Demand Disagreement was published in the Journal of Financial Economics, January 2026.
The paper “The Effects of Financial Speculation on Households” has received a Revise and Resubmit decision at the Journal of Financial and Quantitative Analysis, December 2025.
Presenting the new paper “Long Term Investing in Fully Collateralized Futures Contracts” in the Finance Brown Bag Seminar, Mays - December 2025.
Discussing the paper "Certain vs Uncertain Timing : Financial Markets and Pricing Implications" at the 14th Conference on Derivatives organized by the Canadian Derivatives Institute (CDI).
Attending the 26th Macro Finance Society Workshop at the University of Chicago, November 2025.
Attending the 33rd Meeting of the Finance Theory Group at the University of Texas at Austin, October 2025.
Discussing the paper “Beliefs Heterogeneity and the Equity Term Structure” at the The Annual Meeting of the SFS Cavalcade North America at the Stevens Institute of Technology - May 2025.
Discussing the paper “Volatility Disagreement and Asset Prices” at the The Annual Meeting of the Midwest Finance Association in Chicago, Illinois - March 2025
Philipp Karl Illeditsch is an Assistant Professor of Finance at the Mays Business School of Texas A&M University. Before joining Texas A&M University, Professor Illeditsch taught at The Wharton School of the University of Pennsylvania and the Tepper School of Carnegie Mellon University. He 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, the Review of Finance, and Management Science.
Professor Illeditsch 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.