I received my Ph.D. in finance from UCLA Anderson School of Management and B.S. in mathematics from Fudan University (Shanghai, China) prior to joining George Mason. My current research interest is in blockchain technologies and FinTech applications. My research papers analyze the role of ICOs in jumpstarting platform, the industrial organization of cryptocurrency mining pools with implications for blockchain (de-)centralization and energy consumption, and the security design of investment crowdfunding for both investors and entrepreneurs to harness "wisdom of the crowd". I have also studied the theory of the firm, governance, and market microstructure.
My research has been accepted for publication at the Review of Financial Studies, among others. I have also presented my research at many institutions and conferences including MIT, Michigan, Northwestern, NYU, Yale, UC Berkeley, National Bureau of Economic Research, Federal Reserve Bank, Securities and Exchange Commission, AFA, WFA, and Econometric Society. I am a winner of the Yihong Xia Best paper award at CICF and Chicago Quantitative Alliance (CQA) academic paper competition, along with many other paper prizes. I teach a course on blockchain technologies to both MBA and undergraduate students, serve on the committee of Financial Crypto and Crypto Valley IEEE conference, and partner with the U.S. government and a few startups on blockchain economics research. In 2017 my students in the master program voted me "Faculty of the Year" (one recipient per year from the entire faculty).