Ruizhe Jia
Assistant Professor of Management Science and Engineering
Bio
I am an Assistant Professor in the Department of Management Science & Engineering at Stanford University. I earned my Ph.D. in Operations Research at Columbia University, advised by Prof. Agostino Capponi, and completed my B.S. and M.A. in Mathematics at UCLA.
My research sits at the intersection of financial technology, market microstructure, and mechanism design. I study how financial markets function and how they can be redesigned for greater efficiency and fairness, with a particular focus on decentralized finance (DeFi) and blockchain-based trading. My work spans three areas:
Market microstructure — analyzing trading behavior and designing better financial markets.
FinTech and DeFi — examining how cryptographic tools and decentralized protocols reshape financial transactions.
Incentives in financial technology — addressing misalignments that emerge in crypto-finance and proposing mechanisms that improve adoption and efficiency.
I believe finance is a social science that benefits from active engagement with real markets. I work closely with both industry and regulators to ensure my research not only advances theory but also informs practice and policy in digital assets and financial technology.
2025-26 Courses
- Advanced Topics in Blockchain & DeFi: Research, Market Design, and Microstructure
MS&E 347 (Win) - Decentralized Finance & Blockchain: Innovation, Applications, and Entrepreneurship
MS&E 247 (Aut) -
Independent Studies (1)
- Directed Reading and Research
MS&E 408 (Aut, Win, Spr, Sum)
- Directed Reading and Research
Stanford Advisees
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Doctoral Dissertation Advisor (AC)
Xinmeng Zeng
All Publications
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Maximal extractable value and allocative inefficiencies in public blockchains
JOURNAL OF FINANCIAL ECONOMICS
2025; 172
View details for DOI 10.1016/j.jfineco.2025.104132
View details for Web of Science ID 001542659000001
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Liquidity Provision on Blockchain-Based Decentralized Exchanges
REVIEW OF FINANCIAL STUDIES
2025
View details for DOI 10.1093/rfs/hhaf046
View details for Web of Science ID 001550468700001