Dr. Eric Budish

Biography

Eric Budish is the Paul G. McDermott Professor of Economics Entrepreneurship at the University of Chicago Booth School of Business and a Co-Director at the National Bureau of Economic Research's Kent Clark Center for Global Markets. His main research area is market design, focusing on topics such as financial and matching markets, blockchain technologies, and how incentives influence innovation. Recently, his work has addressed the use of market design to accelerate global vaccination during the Covid-19 crisis. Budish has proposed frequent batch auctions as a viable alternative to continuous trading in financial exchanges to mitigate the downsides of high-frequency trading. His influential research has garnered several awards, including the AQR Insight Award and the Leo Melamed Award. He has significantly contributed to policy discussions with major stakeholders such as the New York Attorney General and the SEC Chair. His research extends to patent design in cancer research and how flawed innovation incentives can lead to underinvestment in long-term cancer prevention. Budish holds a PhD in Business Economics from Harvard University and an MPhil in Economics from Oxford. He also has a BA in Economics and Philosophy from Amherst College. Previous to his academic career, he worked as an analyst at Goldman Sachs. He has been honored with the Sloan Research Fellowship and the Marshall Scholarship.

Research Interests