Front-Page News: The Effect of News Positioning on Financial Markets. First published: 01 November 2023 https://doi.org/10.1111/jofi.13287 Anastassia Fedyk is at Haas School of Business, University of California, Berkeley. “This paper estimates the effect of news positioning on the speed of price discovery, using exogenous variation in prominent (“front-page”) positioning of news articles on the Bloomberg terminal. Front-page articles see 240% higher trading volume and 176% larger absolute excess returns during the first 10 minutes after publication than equally important non-front-page articles. Overall, the information in front-page articles is fully incorporated into prices within an hour of publication. The response to non-front-page information of similar importance eventually converges but takes more than two days to be fully reflected in prices.”
Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002
Daily Archives: November 15, 2023
Sea Change: How a New Economics Went Mainstream
Roosevelt Institute, Sea Change: How a New Economics Went Mainstream – By Felicia Wong, Suzanne Kahn, Mike Konczal, Matt Hughes. November 16, 2023 In this report, we seek to offer an analysis of the people, institutions, and history that brought us to this moment in economic policymaking. From the Green New Deal, to the American… Continue Reading
The Sick Times
“It’s not mysterious. A highly contagious airborne virus has spread around the world for the past four years and continues to infect people as I write. SARS-Cov-2 has killed an excess of 23 million people worldwide and plagued over 65 million people with Long Covid and other associated conditions. Chronic illness advocates warned us about… Continue Reading
2023 USDA Plant Hardiness Zone Map
“The USDA Plant Hardiness Zone Map is the standard by which gardeners and growers can determine which perennial plants are most likely to thrive at a location. The map is based on the average annual extreme minimum winter temperature, displayed as 10-degree F zones and 5-degree F half zones. A broadband internet connection is recommended… Continue Reading
The David Rumsey Map Collection
“The David Rumsey Map Collection was started over 35 years ago and contains more than 200,000 maps. The collection focuses on rare 16th through 21st century maps of North and South America, as well as maps of the World, Asia, Africa, Europe, and Oceania. The collection includes atlases, globes, wall maps, school geographies, pocket maps,… Continue Reading
A Manifesto on Enforcing Law in the Age of ‘Artificial Intelligence’
A Manifesto on Enforcing Law in the Age of ‘Artificial Intelligence. Transatlantic Reflection Group on Democracy and the Rule of Law in the Age of “Artificial Intelligence”. First published: 26 October 2023. https://doi.org/10.1111/eulj.12474 “Building upon A Manifesto In Defense of Democracy and the Rule of Law in the Age of ‘Artificial Intelligence’, we, the Transatlantic… Continue Reading
AI Legal Protections May Not Save You From Getting Sued
Bloomberg – Microsoft, Adobe and OpenAI are all pledging to defend their customers against intellectual property lawsuits, but that guarantee doesn’t apply to everyone. “AI companies are pledging to defend their customers against intellectual property lawsuits. Those indemnities are narrower than the announcements suggest. But first: The fine print Last Monday, twelve minutes into his… Continue Reading
BCLP Arbitration Survey 2023 – AI in IA: The Rise of Machine Learning
BCLP Arbitration Survey 2023 AI in IA: The Rise of Machine Learning Nov 09, 2023. Download PDF. Read the full survey report – “For over ten years, BCLP’s International Arbitration Group has conducted surveys on issues affecting the arbitration process including cyber-security in arbitration proceedings (2019), rights of appeal (2020), party-appointed experts (2021) and the… Continue Reading
The Foundation Model Transparency Index
AI Snake Oil Blog: “Foundation models such as GPT-4 and Stable Diffusion 2 are the engines of generative AI. While the societal impact of foundation models is growing, transparency is on the decline, mirroring the opacity that has plagued past digital technologies like social media. How are these models trained and deployed? Once released, how… Continue Reading
ABA Profile of the Legal Profession
ABA – “The free, annual Profile of the Legal Profession report is a snapshot of a moment in time – a compilation of statistics and trends in 10 areas, including demographics, law schools, judges and legal technology. Bookmark this page and download the 2023 report when it’s released in the coming weeks.” Continue Reading
