Who's Better at Stock Picking: Human Traders or Computers?

A new study on stock trading at the New York Stock Exchange evaluates human vs. robot investing outcomes.

stock trader on floor of New York Stock Exchange
(Image credit: Getty Images)

High-frequency stock trading has dominated Wall Street for years. But do those sophisticated trading algorithms really deliver better returns than human stock traders? 

Researchers from the University of Utah and State University of New York at Buffalo studied head-to-head data from the New York Stock Exchange (NYSE) during the COVID-19 pandemic, producing a new research paper with surprising findings and implications for investors.

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Ben Demers
Audience Engagement Manager, Kiplinger.com

Ben Demers manages digital content and engagement at Kiplinger, informing readers through a range of personal finance articles, e-newsletters, social media, syndicated content, and videos. He is passionate about helping people lead their best lives through sound financial behavior, particularly saving money at home and avoiding scams and identity theft. Ben graduated with an M.P.S. from Georgetown University and a B.A. from Vassar College. He joined Kiplinger in May 2017.