Dugast, Jérôme; Foucault, Thierry - 2020
larger than an endogenous threshold. Greater computing power raises this threshold, and therefore price informativeness, by … speculators and (ii) it increases the average number of trials to find a predictor. In the former (latter) case, price … informativeness increases (decreases) with data abundance. We derive implications of these effects for the distribution of asset …