Markets & The Economy

3D rendered image of a financial graph with waves stacked on top of eachother
Finance & Accounting

The Lasting Impact of a 1976 Paper on Stock Information and Prices

November 11, 20259 min read
This year’s Wharton-Jacobs Levy Prize for Quantitative Financial Innovation went to emeritus finance professor Sanford (Sandy) J. Grossman for his groundbreaking paper on how stock-price formation occurs.