Education: Ph. D. in Engineering Economic Systems, Stanford University, 1984.

Current Affiliations: Adams Distinguished Professor of Management & Professor of Finance, Graduate School of Business, Stanford University. Professor (by courtesy), Department of Economics,Stanford University.

Selected Honors:

· Fellow, American Academy of Arts and Sciences, 2007.
· President, American Finance Association, 2009.
· Council of the Econometric Society, 2008, 2011.
· Fellow, Econometric Society.

· Risk Management

· Financial Asset Valuation

· Preferences under Uncertainty

· Over-the-Counter Markets

· Credit Risk

· Financial Market Infrastructure

· Central Banking

· Financial Market Design

· Payment Systems

· Digital Currencies