Susan Athey honored for innovative market research

SUSAN ATHEY, the Economics of Technology Professor in the Graduate School of Business (GSB), has received the 2019 CME Group-MSRI Prize in Innovative Quantitative Applications in recognition of her contributions to the field.

Susan Athey’s research focuses on the economics of digitization, marketplace design and the intersection of econometrics and machine learning. (Image credit: Tricia Seibold)

The award honors scholars for original and innovative concepts in mathematical, statistical or computational methods for the study of markets’ behavior and global economics.

“Susan is an outstanding scholar, economist and colleague, and it is fitting that her work is recognized with such an esteemed honor,” said JONATHAN LEVIN, the Philip H. Knight Professor and dean of Stanford’s GSB. “Her research and scholarship have profoundly advanced the study of digital markets and the economics of the internet.”

Athey’s research focuses on the economics of digitization, marketplace design and the intersection of econometrics and machine learning. She has worked on several application areas, including internet search, online advertising, the news media, the application of digital technology to social impact applications and timber auctions. She has advised companies and governments, designing, for instance, the system used to sell public timber in British Columbia for the last 15 years.

Athey is the 14th recipient of the CME-MSRI prize, which was established in 2006, and the fourth recipient from Stanford GSB. PAUL MILGROM, professor of economics, by courtesy, received the award in 2017; ROBERT WILSON, the Adams Distinguished Professor of Management, Emeritus, was named the recipient in 2016; and DAVID KREPS, the Adams Distinguished Professor of Management, Emeritus, was honored in 2007.

Recipients of the prize receive a commemorative bronze medallion and a $50,000 cash award.

Read the full article on the Graduate School of Business website.