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Eric Budish

Professor of Economics and Richard N. Rosett and David G. Booth Faculty Fellow

Professor of Economics and Richard N. Rosett and David G. Booth Faculty Fellow

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Chicago, IL, USA
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Eric Budish Biography

Eric Budish is Professor of Economics at the University of Chicago, Booth School of Business. Budish is an applied micro-economist and game theorist who researches market design: designing the “rules of the game” in a market so that self-interested behavior by market participants leads to economically attractive outcomes. Budish writes “I am motivated by the idea that my work can improve the efficacy of real-world market institutions.”

Budish’s research has spanned a wide variety of market design contexts, including the design of financial exchanges, markets for scheduling students to courses and workers to shifts, patent design and R&D incentives, internet auctions, school choice procedures, and the market for event tickets. Budish’s best known work, on the design of financial exchanges, shows that the high-frequency trading arms race is actually just a symptom of an underlying market design flaw, and proposes a new market design called frequent batch auctions that directly solves the problem. This work was recognized with the 2014 AQR Insight Award and the 2015 Utah WFC best paper award, and has been presented to major exchanges, high-frequency trading firms, broker-dealers, investors, and regulators. SEC Chair Mary Jo White and New York AG Eric Schneiderman discussed Budish’s design proposal in major policy speeches. Budish’s dissertation research concerned the matching problem of assigning students to schedules of courses, or workers to schedules of shifts. Budish’s proposed design, which applies price-theoretic competitive equilibrium ideas to a matching market, was recently adopted for use in practice by the Wharton School for MBA course allocation. Budish’s research on patent design, together with a health economist and patent scholar, shows that the patent system inadvertently under-incentivizes long horizon R&D for cancer drugs, and won the 2013 Kauffman/iHEA Award for Health Care Entrepreneurship and Innovation Research.

Budish received his PhD in Business Economics from Harvard University before joining Chicago Booth in 2009. He received a BA in Economics and Philosophy from Amherst College and an M.Phil. in Economics from Oxford (Nuffield College), where he was a Marshall Scholar. Prior to graduate school, Budish worked at Goldman Sachs as an analyst in the mergers and acquisitions group. In 2015 Budish was awarded a Sloan Research Fellowship.

Eric Budish Videos

  • Is high frequency trading good for financial markets?
  • 1/19 Eric Budish- "High-frequency trading and a response from ...
  • The High-Frequency Trading Arms Race

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  • What topics does Eric Budish speak about?

    Eric Budish is a keynote speaker and industry expert whose speaking topics include Business, Education, Professors, University Speakers.
  • Where does Eric Budish travel from?

    Eric Budish generally travels from Chicago, IL, USA, but can be booked for private corporate events, personal appearances, keynote speeches, or other performances. For more details, please contact an AAE Booking agent.
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    AAE Speakers Bureau is a full-service speaker booking agency, meaning we can completely manage the speaker’s or celebrity’s engagement with your organization from the time of booking your speaker through the event’s completion. We provide all of the services you need to host Eric Budish or any other speaker of your choice, including offer negotiation, contractual assistance, accounting and billing, and event speaker travel and logistics services. When you book a speaker with us, we manage the process of hosting a speaker for you as an extension of your team. Our goal is to give our clients peace of mind and a best-in-class service experience when booking a speaker with us.
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    If you’re looking for the best, unbiased speaker recommendations, paired with a top-notch customer service experience, you’re in the right place. At AAE Speakers Bureau, we exclusively represent the interests of our clients - professional organizations, companies, universities, and associations. We intentionally do not represent the speakers we feature or book. That is so we can present our clients with the broadest and best performing set of speaker options in the market today, and we can make these recommendations without any obligation to promote a specific speaker over another. This is why when our agents suggest a speaker for your event, you can be assured that they are of the highest quality with a history of proven success with our other clients.

Eric Budish is a keynote speaker and industry expert who speaks on a wide range of topics . The estimated speaking fee range to book Eric Budish for your event is $10,000 - $20,000. Eric Budish generally travels from Chicago, IL, USA and can be booked for (private) corporate events, personal appearances, keynote speeches, or other performances. Similar motivational celebrity speakers are Geeta Menon, Jeffrey Garten, Stedman Graham, Scott J. Van Pelt and Liz Dozier. Contact All American Speakers for ratings, reviews, videos and information on scheduling Eric Budish for an upcoming live or virtual event.

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