SATURDAY, MARCH 24:

7:15 AM Shuttle Van Departs Radisson Huntley Hotel for the Sunset Village and

Tom Bradley International Hall.

8:00 AM Continental Breakfast

8:30 AM DARRELL DUFFIE, Stanford University and NBER

NICOLAE GARLEANU and LASSE PEDERSEN, Stanford University

Valuation in Dynamic Bargaining Markets

Discussant: TANO SANTOS, University of Chicago

9:30 AM Break

10:00 AM PIETRO VERONESI, University of Chicago and NBER

Belief-dependent Utilities, Aversion to State-Uncertainty and Asset Prices

Discussant: LARS HANSEN, University of Chicago and NBER

11:00 AM JUN LIU and FRANCIS LONGSTAFF,UC, Los Angeles

Losing Money on Arbitrages: Optimal Dynamic Portfolio Choice in

Markets with Arbitrage Opportunities

Discussant: MING HUANG, Stanford University

12:00 N Lunch

1:00 PM OWEN LAMONT and RICHARD THALER, University of Chicago and NBER

Can the Market Add and Subtract?

Mispricing inTech Stock Carve-Outs

MARK MITCHELL and ERIK STAFFORD, Harvard University

TODD PULVINO, Northwestern University

Limited Arbitrage in Equity Markets

Discussant: BRADFORD CORNELL, UC, Los Angeles Over, Please!

Asset Pricing Meeting Program, Page 2:

SATURDAY, MARCH 24, 2001, Continued:

2:30 PM Break

3:00 PM JESSICA WACHTER, New York University

Habit Formation and Returns on Bonds and Stocks

Discussant: CHRISTOPHER TELMER, Carnegie-Mellon University

4:00 PM PETER BOSSAERTS, California Institute of Technology and CEPR

CHARLES PLOTT, California Institute of Technology

WILLIAM ZAME, UC, Los Angeles

Structural Econometric Tests of General Equilibrium Theory on Data

from Large-Scale Experimental Financial Markets

Discussant: WAYNE FERSON, University of Washington and NBER

5:00 PM Adjourn

6:30 PM Group Dinner

Rockenwagner Restaurant

2435 Main Street

Santa Monica, CA 90405

310/399-6504

3/9/01