Francesco Sangiorgi

Professor of Finance·Frankfurt School of Finance & Management

Francesco Sangiorgi is Professor of Finance at Frankfurt School of Finance & Management and Associate Editor at Management Science. He received his Ph.D. from Universitat Pompeu Fabra and previously held positions at Stockholm School of Economics and Collegio Carlo Alberto.

His research explores the economics of information and learning in markets. His current work studies AI algorithms as economic agents: how they learn from data generated by their own interaction, and how this reshapes competition, prices, and market efficiency.

His work has appeared in Review of Economic Studies, Journal of Financial Economics, Review of Financial Studies, Management Science, and Journal of Economic Theory.

Selected work

The Short-Termism Trap: Catering to Informed Investors with Limited Horizons, with James Dow and Jungsuk Han.

Journal of Financial Economics, 2024

(Deep) Learning to Trade: Co-learning Bias and Market Outcomes, with Ivan Gufler and Emanuele Tarantino.

Working paper

Uncertainty, Information Acquisition and Price Swings in Asset Markets, with Antonio Mele.

Review of Economic Studies, 2015