Information Acquisition and Price Discovery in Agentic Trading Markets

Abstract

We study, in a laboratory market, how AI trading agents affect the demand for fundamental information and price discovery. An agent that helps traders read prices may also crowd out the demand for private signals and generate herding.

Marius Zoican

Associate Professor of Finance

I study the impact of (new) technology on securities exchanges and asset management, as well as how to leverage technological innovations to build a better market.