The authors of the Rutgers study, Nikorov and Balashov, mention algos thusly in a CNN article from 2019: '(They) assumed retail investors would be making most

The authors of the Rutgers study, Nikorov and Balashov, mention algos thusly in a CNN article from 2019: '(They) assumed retail investors would be making most of the mistakes. But Nikorov told CNN Business that the rise of algorithmic trading is probably the reason big mutual funds and hedge funds get fooled. “Computers scan for stocks and look for ones in play. So if there is [an] unexplained move, the algorithms don’t look for a reason. They just jump on the bandwagon,” Nikorov said.' https://www.cnn.com/2019/08/12/investing/ticker-symbol-confusion/index.html https://www.cnn.com/2019/08/12/investing/ticker-symbol-confu...