David McAdams is Professor of Business Administration
at the Fuqua School of Business, Duke University. He is
also Professor of Economics in the Economics Department
at Duke. He earned a B.S. in Applied Mathematics at
Harvard University, an M.S. in Statistics from Stanford
University, and a Ph.D. in Business from the Stanford
Graduate School of Business. Before joining the faculty
at Duke, he was Associate Professor of Applied Economics
at the MIT Sloan School of Management. He has also
worked as Special Assistant to the Director, Bureau of
Economics, Federal Trade Commission.
Professor McAdams' primary research interests are
microeconomic theory and game theory, with a special
focus on strategic interactions between buyers and
sellers, including auctions, pricing, negotiations, and
relationships. His work has been published in the
leading journals of economics, including Econometrica, American
Economic Review, Review of Economic
Studies, Journal of Political Economy, Journal
of Economic Theory, and Journal of
Econometrics. Currently, he is an associate
editor of Journal of Economic Literature, International
Journal of Industrial Organization, and International
Journal of Game Theory.
Professor McAdams is author of "Game-Changer: Game
Theory and the Art of Transforming Strategic Situations"
(W.W. Norton, 2014).
Professor McAdams teaches the economics elective "Game
Theory for Strategic Advantage" in the Daytime MBA
program at Fuqua, as well as the PhD elective "Market
Design I: Auctions" in the Economics Department.
Professor McAdams' consulting work focuses on two
areas: (i) "market design / bidding strategy consulting"
for those designing or participating in an auction
market (e.g. FCC spectrum auctions, electricity
procurement auctions, B2B exchanges); and (ii) "game-theory
consulting" for firms (from startup to Fortune 50)
facing mission-critical strategic challenges or