E-economics: Demystifying Bitcoin
The Bitcoin has certainly made its presence known. After the initial hype, and roller-coaster market volatility, and having garnered some legitimate buy-in, there are now a myriad of unanswered questions around regulatory and security issues that surround the efforts to raise the new currency.
Whether it survives and flourishes, or something else takes it's place, it is clear that an e-economic shift is on the horizon, and e-currency of one form or another is in our future.
So what, then, are the implications for global corporations, large and small businesses and individuals? How do organizations prepare for the future of trade? What applications can be leveraged now, and what steps should individual leaders and groups be taking to ensure that their organizations are ready for the future?
Susan Athey, the Economics of Technology Professor at Stanford Graduate School of Business, will speak about the economics of Bitcoin and other crypto-currencies.
In this session, Professor Athey discusses:
- The essence of the technological innovation behind Bitcoin and the ways that the innovation can be applied
- The implications of crypto-currency for financial services, payment systems, as well as other industries
- How to understand the market for Bitcoins
Susan Athey - Professor of Economics; Professor of Economics (by courtesy), School of Humanities and Sciences, Stanford Graduate School of Business
Susan Athey is Professor of Economics at Stanford Graduate School of Business. Born in 1970, she received her bachelor's degree from Duke University and her Ph. D from Stanford, and she holds an honorary doctorate from Duke University. She previously taught at the economics departments at MIT, Stanford and Harvard.
Her current research focuses on the economics of the internet, marketplace design, auction theory, the statistical analysis of auction data, and the intersection of computer science and economics. Recently she has been working on theoretical and empirical studies of internet search, online advertising and the news media. She advises governments and businesses on the design of auction-based marketplaces, consulting for Microsoft Corporation in the role of chief economist since 2007, focusing on online services. She also serves as a long-term advisor to the British Columbia Ministry of Forests, helping to architect and implement their auction-based pricing system.
At the age of 36, Professor Athey received the John Bates Clark Medal. The Clark Medal was awarded by the American Economic Association every other year to "that American economist under the age of forty who is adjudged to have made the most significant contribution to economic thought and knowledge." She was elected to the National Academy of Sciences in 2012 and to the American Academy of Arts and Sciences in 2008. In 2000, she received the Elaine Bennett research award, given every other year to an outstanding young woman in any field of economics. She received continuous funding from the National Science Foundation from 1995 to 2008, including a prestigious Career Development award. In addition, she received the Sloan Foundation Research Fellowship for 2000-2002. She was elected as a fellow of the Econometric Society in 2004, and she is a Research Associate at the National Bureau of Economic Research. She was a National Fellow at the Hoover Institution in 2000-2001, and in 2004-2005 was a fellow at the Center for Advanced Studies in Behavioral Science at Stanford.
Professor Athey is a member of the President’s Committee on the National Medal of Science. She served as an elected member of the executive committee of the American Economic Association; as an elected member of the Council of the Econometric Society, and an elected member of the Council of the Game Theory Society.
She has served as co-editor of American Economic Journals: Microeconomics and Journal of Economics and Management Strategy, and as an associate editor of several leading journals, including the American Economic Review, Review of Economic Studies, Quarterly Journal of Economics, Theoretical Economics, Econometrica, and the RAND Journal of Economics, as well as the National Science Foundation economics panel. She was the chair of the program committee for the 2006 North American Winter Meetings, and she has served on numerous committees for the Econometric Society, the American Economic Association, and the Committee for the Status of Women in the Economics Profession. She has also served on program committees and delivered keynote addresses for numerous conferences in computer science.
Non-academic honors include being named as a World Economic Forum Young Global Leader, Fast Company's 100 Most Creative People in Business, Diversity MBA's Top 100 under 50Diverse Executives, Kilby Award Foundation's Young Innovator Award, and the World Innovation Summit on Entrepreneurship and Innovation’s World’s Most Innovative People Award.
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