Dr. Madansky is the H.G.B. Alexander Professor Emeritus of Business Administration in the Graduate School of Business at The University of Chicago.

He has been a faculty member of the GSB for 25 years. His consulting expertise includes price-fixing and other competition-related matters, in particular involving class certification issues; pension and labor cases; and other litigation matters. His expertise also includes valuing non-standard options and experience in setting offering prices for securities prior to their issuance.

Dr. Madansky currently serves as President of Madansky and Associates, Inc., a consulting firm that specializes in statistical analysis in support of marketing research and litigation projects. As one of his specialties, he has consulted on consumer market research studies of all varieties, as well as on litigation matters that involve the use of conjoint analysis to determine what market share would be, absent an alleged practice. He is a member of the board of trustees of Analytical Services, Inc., a not-for-profit firm providing consulting services primarily to the Department of Homeland Security and to the Department of Defense, as well as a consultant to the National Academy of Science, the RAND Corporation, and to various national law firms in antitrust litigation cases. He is a Vice President of The Analytical Group, Inc., a firm that specializes in the development of software for the marketing research community as well as providing data processing both for marketing research projects and litigation support.

Previously Dr. Madansky served as Chairman of the Department of Computer Sciences at City College of New York, President of Dataplan, Inc., and Senior Vice President of Market Planning Corporation, a division of The Interpublic Group of Companies, Inc. He has taught at the University of California, Los Angeles and at Yale.

For his research in statistics, Dr. Madansky has been named a Fellow of the Center for Advanced Study in the Behavioral Sciences, a Fellow of the American Statistical Association, a Fellow of the Institute of Mathematical Statistics, and a Fellow of the Econometric Society. He was also a recipient in 2005 of the American Statistical Association Founders Award.