Ming Yang
Institution
University College London
PhD Year
2012
FTG Membership
Member
Website
https://sites.google.com/view/mingyang-website/home
Featured Work
Less Informative Advice, More Informative Prices - Paid Promotion and Trading by Financial Influencers
Nov 6, 2026
Less informative strategic advice can produce more informative prices. We study a finfluencer who reports on an asset’s value, trades on his private information, and receives promotional pay linked to the post-report price. With the quality of private information fixed, stronger promotion at high reputation can make strategic advice uninformative yet improve price informativeness across equilibria. Prices can be most informative precisely when the strategic...
