---
title: The Double-edged Sword of Data Mining: Implications on Asset Pricing and Information Efficiency
url: https://www.ml-quant.com/papers/ssrn/4633293/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4633293
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4633293
featured: 2023-11-15
citations: 0
topic: Asset Pricing & Factors
---


# The Double-edged Sword of Data Mining: Implications on Asset Pricing and Information Efficiency

The study challenges the belief that data mining always improves price efficiency, suggesting it can actually reduce price informativeness due to complexity costs and diminishing data efficacy returns.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4633293
- Identifier: SSRN 4633293
- Released: 2023-11-10
- First featured: Quant Letter No. 26 (2023-11-15): https://www.ml-quant.com/issues/2023-11-15/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Asset Pricing & Factors

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