ERC Advanced Grant · 2020
Financial Information, Data Abundance, and Investment
Thierry Foucault ERC ADG 2020 Recent years have witnessed a massive growth in the volume and variety of data ("Data Abundance"). In parallel, thanks to progress in computing power, new techniques (“Artificial Intelligence”) have emerged to harness the information in these data. How does this evolution affect the quality and nature of information produced in financial markets? Is there a risk that it induces investors to trade on noisier signals about economic fundamentals? How does it change the horizon at which information is produced? How does it affect the signal-to-noise ratio in securities prices and capital allocation? This project will break new ground on these unanswered, yet…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.