Big Data, Artificial Intelligence, and Financial Economics
Organized by Itay Goldstein, Chester S. Spatt, Mao Ye, and Tarun Ramadorai
Supported by the Office of Financial Research through an interagency agreement with the National Science Foundation
December 13, 2024
Royal Sonesta Hotel, Parkview, 40 Edwin H. Land Blvd., Cambridge, MA
Format: 20 minutes for presentation, 15 minutes for discussants and 20 minutes for general discussions

Friday, December 13

8:00am

Continental Breakfast

8:30am

AI and Labor Market

Income and Inequality under Asymptotically Full Automation (slides)

Philip Bond, University of Washington
Lukas Kremens, University of Washington

Discussant:
Winston Wei Dou, University of Pennsylvania and NBER

Big Data and Bigger Firms: A Labor Market Channel

Abhinav Gupta, University of North Carolina at Chapel Hill
Naman Nishesh, University of North Carolina at Chapel Hill
Elena Simintzi, University of North Carolina at Chapel Hill

Discussant:
Paul Goldsmith-Pinkham, Yale University and NBER

9:50am

Break

10:10am

Measuring Economic Activities Using AI

Measuring Creative Destruction

Ali Kakhbod, University of California, Berkeley
Leonid Kogan, Massachusetts Institute of Technology and NBER
Peiyao Li, University of California, Berkeley
Dimitris Papanikolaou, Northwestern University and NBER

Discussant:
Maxime Bonelli, London Business School

Uncovering Information: Can Language Models Tell Us Where to Look?

Anna M. Costello, University of Chicago
Bradford (Lynch) Levy, University of Chicago
Valeri Nikolaev, University of Chicago

Discussant:
Tim Loughran, University of Notre Dame

11:30am

What Hundreds of Economic News Events Say About Belief Overreaction in the Stock Market

Francesco Bianchi, Johns Hopkins University and NBER
Sydney C. Ludvigson, New York University and NBER
Sai Ma, Federal Reserve Board of Governors

Discussant:
Francesca Bastianello, University of Chicago

12:10pm

Lunch

1:30pm

AI, Algorithm, and Retail Trading

Navigating the Murky World of Hidden Liquidity

Robert P. Bartlett III, Stanford University
Maureen O'Hara, Cornell University

Discussant:
Thomas Ernst, University of Maryland, College Park

Retail Limit Orders

Amber Anand, Syracuse University
Mehrdad Samadi, Federal Reserve Board of Governors
Jonathan Sokobin, Financial Industry Regulatory Authority
Kumar Venkataraman, Southern Methodist University

Discussant:
Joel Hasbrouck, New York University

2:50pm

Break

3:10pm

Designing Artificial Homo Economicus

Do Mutual Funds Benefit from the Adoption of AI Technology?

Yiming Zhang, Hong Kong University of Science and Technology (HKUST)

Discussant:
Simona Abis, University of Colorado Boulder

Teaching Economics to the Machines

Hui Chen, Massachusetts Institute of Technology and NBER
Yuhan Cheng, Shandong University
Yanchu Liu, Sun Yat-sen University
Ke Tang, Tsinghua University

Discussant:
Andrew Patton, Duke University

4:30pm

Adjourn