Research Like Stock Trading: 40K ICLR Papers Backtest Shows Chasing Hot Topics Works
Analyzing 42,123 ICLR papers (2017–2026) across 28 research directions, the study finds that while hot topics like LLMs grow 60× in three years, their acceptance-rate advantage vanishes at peak popularity; PhD students with short horizons rationally chase momentum, but must check whether growth translates to acceptances or rejections.
