NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
BEHAVIORAL ECONOMICS MEETING
Robert Shiller and Richard Thaler, Organizers
NOVEMBER 11, 2006
NBER
2nd Floor Confernce Room
PROGRAM
FRIDAY, NOVEMBER 10:
6:30 PM Dinner
Dante Restaurant
Royal Sonesta Hotel
SATURDAY NOVEMBER 11:
8:00 AM Shuttle Van
Departs Royal Sonesta Hotel for
8:30 AM Shuttle Van Departs Royal Sonesta
Hotel for
8:30 AM Continental Breakfast
9:00 AM TAL FISHMAN
and HARRISON HONG,
JEFFREY D. KUBIK,
Do Arbitrageurs Amplify
Economic Shocks?
Discussant: MICHAEL RASHES, Bracebridge
Capital
10:00 AM JOHN
CAMPBELL,
JENS HILSCHER and JAN SZILAGYI,
Discussant: TYLER SHUMWAY,
11:00 AM Break
11:15 AM ANDREA FRAZZINI,
OWEN LAMONT,
The Earnings
Announcement Premium and Trading Volume
Discussant: STEVEN HESTON,
12:15 PM Lunch
Over, Please!
BEHAVIORAL FINANCE PROGRAM,
PAGE 2:
1:15 PM DAVID HIRSHLEIFER, UC,
SONYA SEONGYEON LIM,
SIEW HONG TEOH, UC,
Driven to
Distraction: Extraneous Events and Underreaction to Earnings News
Discussant: STEFANO DELLA VIGNA, UC,
Berkeley and NBER
2:15 PM ROBIN
STEFAN NAGEL,
Inexperienced Investors and Speculative
Bubbles
Discussant: JEREMY STEIN,
3:15 PM Break
3:30 PM MASSIMO
Cosmetic Mergers: The
Effect of Style Investing on the Market for Corporate Control
Discussant: MALCOLM BAKER,
4:30 PM Adjourn
10/30/06