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Adam S. Hayes
Department of Sociology Email: ahayes8@wisc.edu
University of Wisconsin-Madison Phone: 917-494-5475
8128 Sewell Social Sciences Building
1180 Observatory Drive
Madison, WI 53705
EDUCATION
May 2021 Ph.D., Sociology, University of Wisconsin-Madison [expected]
Major Subfield: Economic Sociology & Organizations
Minor: Science and Technology Studies (STS)
Preliminary Examinations: Economic Sociology
Science and Technology Studies (STS)
2015 M.A., Economics, The New School for Social Research, New York, NY
2001 B.S., Biological Science, Cornell University, Ithaca, NY
RESEARCH AND TEACHING INTERESTS
Economic Sociology; Science and Technology Studies (STS); Social Studies of Finance; Digital
Sociology, Behavioral Economics; Risk and Decision Making; Sociological Theory
REFEREED JOURNAL ARTICLES & CHAPTERS
2018 Hayes, A. S. The Socio-Technological Life of Bitcoin. Theory Culture and Society
(forthcoming)
Hayes, A. S. Bitcoin price and its marginal cost of production: support for a fundamental
value. Applied Economics Letters (in press)
Tasca, P., Hayes, A. S., & Liu, S. The Evolution of the Bitcoin Economy: Extracting and
Analyzing the Network of Payment Relationships. Journal of Risk Finance, 19(2), 94-126.
2017 Hayes, A. S. Cryptocurrency Value Formation: An empirical study leading to a
cost of production model for valuing Bitcoin. Telematics and Informatics. 34(7), 1308-1321
*Winner, Best Paper Award, Mediterranean Conference on Information Systems (2015)
2016 Hayes, A. S. Decentralized Banking: Monetary Technocracy in the Digital Age. In
Banking Beyond Banks and Money (pp. 121-131). Springer International Publishing.
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Hayes, A. S. and Tasca, P. Blockchain and Crypto-currencies.” in The FinTech Book:
The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries. (217-
220). Wiley & Sons.
WORKING PAPERS & MANUSCRIPTS IN SUBMISSION OR PREPARATION
Hayes, A. S. (2018) The Behavioral Economics of Pierre Bourdieu (Under review at)
Hayes, A. S. (2018) Market crises as disasters: Re-evaluating how people actually behave
as retirement savers (Under review at Finance and Society)
Hayes, A. S. (2017). Risk Strategies in 401(k) Retirement Plans: Observed Variation by
Income and Age. (2
nd
R&R at The Journal of Risk Research)
Hayes, A. S. (2016). Challenges Confronting Central Bankers Today. Mario Einaudi
Center for International Studies, Cornell University, Working Paper 4-16
Hayes A.S. (2015) The Influence of HR Professionals on Employee Investment Decisions
in 401(k) Plans
Hayes, A. S. (2015). The Decision to Produce Altcoins: Miners' Arbitrage in
Cryptocurrency Markets. Available at SSRN 2579448.
AWARDS AND FELLOWSHIPS
2018-20 Holtz Center Graduate Fellowship, The Holtz Center for Science & Technology Studies,
University of Wisconsin-Madison
2018 Ingrid H. Rima Scholarship, The Association for Social Economics
2016- Graduate Research Fellow, Institute for Research on Poverty, University of
Wisconsin-Madison
2015-16 Graduate Research Fellow, Global Finance Initiative/Meridian 180 Project, The Tobin
Project & Cornell University
2015 Best Paper Award, Mediterranean Conference on Information Systems (MCIS), Samos,
Greece
2013-15 Provost’s Scholarship, The New School for Social Research, New York, NY
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CONFERECE PRESENTATIONS
2018 The Active Construction of Passive Investors: Toward Robo Economicus, XIX ISA World
Congress of Sociology, Toronto, Canada.
The Active Construction of Passive Investors: Toward Robo Economicus, 16
th
World
Congress of the Association for Social Economics, Colorado St. Univ., Fort Collins, CO.
The Socio-Technological Life of Bitcoin, DigitalCapitalism2018: Ubercapitalism or Post-
Capitalism?, Kings College, London, UK.
The Socio-Technological Life of Bitcoin, Cryptocurrency Research Conference, Anglia
Ruskin University, Cambridge, UK.
2017 Risk-Taking in a Post-Pension Society: How people behave in 401(k) Plans, American
Sociological Association, Montreal, Canada.
Business Plans as Rational Myths?, The Intersections of Economic Sociology and
Organizations, Occupations, and Work (ASA section mini conference for ES & OOW),
McGill University, Montreal, Canada.
Risk-Taking in a Post-Pension Society: How people behave in 401(k) Plans Canadian
Sociological Association, Ryerson University, Toronto, Canada.
2016 Decentralized Banking: Monetary Technocracy in the Digital Age, Mediterranean
Conference on Information Systems, Paphos, Cyprus.
Challenges Confronting Central Bankers Today, The Changing Politics of Central
Banking, Mario Einaudi Center for International Studies, Cornell University, Ithaca, NY.
2015 Cryptocurrency Value Formation, Mediterranean Conference on Information Systems,
University of the Aegean, Samos, Greece.
What Factors Give Cryptocurrencies Their Value?, Virtual Currency Today Summit,
Boston, MA.
Cryptocurrency Value Formation, Second Annual Texas Bitcoin Conference, Austin, TX.
RESEARCH EXPERIENCE
2017- Research Assistant, PI: Dr. Rourke O’Brien, Lafollett School of Public Affairs & Dept. of
Sociology, Institute for Research on Poverty (IRP), University of Wisconsin-Madison
Project: “Household, Neighborhood, and Policy Determinants of Strategic Tax
Behavior by Low-Income Households”
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2014-15 Research Assistant, PI: Dr. Teresa Ghilarducci, Schwartz Center for Economic Policy
Analysis, The New School for Social Research, New York, NY
Project: “401(k) Tax Policy and Retirement Inequality”
TEACHING EXPERIENCE
2015- Lecturer
University of Nicosia, Cyprus
Courses: Money & Banking (online); Blockchains in the Developing World (online)
2016-17 Teaching Assistant, Drs. Erik Olin Wright and Joel Rogers, Department of Sociology
University of Wisconsin-Madison
Course: Contemporary American Society (undergraduate)
2015 Teaching Assistant, Dr. Paulo dos Santos, Department of Economics
The New School for Social Research, New York, NY
Course: History of Economic Thought
SERVICE TO PROFESSION
Reviewer: American Journal of Sociology, Convergence, Journal of Risk Finance, Netnomics
COMMUNITY SERVICE
2014-16 The Rockland Community Foundation, Board of Directors
2015-16 The Community Foundation of Orange & Sullivan, Finance & Investment Committee
2010- The Keith B. Hayes Foundation, co-founder & Board of Directors
PROFESSIONAL MEMBERSHIPS, CERTIFICATIONS & LICENSES
American Sociological Association (ASA)
Economic Sociology Section Member
Organizations, Occupations & Work Section Member
STS Section Member
Theory Section Member
Canadian Sociological Association (CSA)
International Sociological Association (ISA)
Section on Economic Sociology
Section on the Sociology of Organizations
Section on the Sociology of Science & Tehnology
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Society for the Advancement of Socio-Economics (SASE)
Chartered Financial Analyst (CFA) charterholder
FINRA Series 7
FINRA Series 63
FINRA Series 55
Life, Health & Accident Insurance License
REFERENCES
Available upon request