Elena Asparouhova

Papers

Total Citations

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About

Dr. Elena Asparouhova is a pioneering experimental economist whose research explores the intersection of human decision-making and algorithmic trading. Her work focuses on understanding how individuals interact with automated trading systems, a critical area as financial markets increasingly rely on artificial intelligence. In her seminal paper, "Humans in Charge of Trading Robots: The First Experiment" (2020, 14 citations), she conducted groundbreaking experiments where participants could deploy, halt, or replace trading robots at will, revealing how human oversight shapes market outcomes. This study, along with its 2024 follow-up, examines the impact of compulsory versus voluntary robot use, providing key insights into the dynamics of algorithmic choice. In "For Better or For Worse: Algorithmic Choice in Experimental Markets" (2022, 2 citations), she further investigates how traders' decisions to use algorithms affect market efficiency and welfare. Though her citation counts are modest, Asparouhova’s work is foundational in the emerging field of human-robot interaction in finance, offering vital lessons for designing markets that balance automation with human control. Her research is essential reading for students and scholars interested in behavioral finance, experimental economics, and the future of trading.