Information disclosure is an essential component of regulation in financial markets. In this
article, we provide a cohesive analytical framework to review certain key channels through …

Neuropsychological studies propose that listeners unconsciously assess speakers'
trustworthiness via their facial expressions. Building on this theory, we investigate how …

Speed is a salient feature of modern financial markets. This paper studies investors' speed
acquisition together with their information acquisition. Speed heterogeneity arises in …

We allow a strategic trader to choose when to acquire information about an asset's payoff,
instead of endowing her with it. When the trader dynamically controls the precision of a flow …

We propose an amplification mechanism of financial crises based on the information
choices of investors. Information acquisition makes investors more likely to act against their …

We propose in this paper a noisy rational expected equilibrium (NREE) model by taking both
public and private information into account with an embedded information network structure …

This paper investigates the strategic interaction of information acquisition, information-based
dynamic trading, and noise trading patterns, as well as its significant implications on market …

We model risk management as information acquisition that delays trading decisions. In
markets with preemptive competition, this can lead to a race to the bottom, where prioritizing …

Previous studies of the US market regard short-term reversal as compensation for liquidity
provision. However, we find that intraday reversal has no significant dependence on stock …

We study how dynamic research affects information acquisition in financial markets. In our
strategic trading model, the trader performs costly research to generate private information …