I am an economist and professor of finance at the Olin Business School, Washington University in St. Louis. My research spans financial economics, corporate finance, contract theory, development economics, and microeconomic theory, with a focus on how strategic agents behave in dynamic environments and how learning and information frictions shape market outcomes.

This work has applications to venture capital, private equity, real estate, securities markets, and the design of credit contracts for developing economies.

A current line of research studies the economics of artificial intelligence: how AI reshapes the division of labor between finding and solving problems, and which firms stand to lose when generative AI can deliver their products directly.

Prior to joining WashU, I was a tenured associate professor at UC Berkeley's Haas School of Business. I served as President of the Finance Theory Group from 2025 to 2026 and currently serve on its board.