NATIONAL BUREAU OF ECONOMIC RESEARCH, INC
Behavioral Finance Meeting
Robert J. Shiller and Richard H. Thaler, Organizers
May 25, 2001
University of Chicago
Gleacher Center
Room 208
450 North Cityfront Plaza Drive
Chicago, IL 60611
PRELIMINARY PROGRAM
THURSDAY, MAY 24:
7:30 PM Dinner
Crofton On Wells Restaurant
535 North Wells Street
Chicago, IL
312/755-1790 phone
FRIDAY, MAY 25:
8:30 AM Continental Breakfast
9:00 AM DILIP J. ABREU and MARKUS K. BRUNNERMEIER, Princeton University
Discussant: MING HUANG, Stanford University
10:00 AM SHLOMO BENARTZI, UC, Los Angeles
RICHARD H. THALER, University of Chicago and NBER
How Much is Investor Autonomy Worth?
Discussant: ANDREW METRICK, University of Pennsylvania and NBER
11:00 AM Coffee Break
11:15 AM RANDOLPH COHEN, Harvard University
PAUL GOMPERS, Harvard University and NBER
TUOMO O. VUOLTEENAHO, Harvard University and NBER
Who Underreacts to Cash-Flow News?
Evidence from Trading Between Individuals and Institutions
Discussant: KENT WOMACK, Dartmouth College and NBER
12:15 PM Lunch will be held in Room 220 Over, Please!
Behavioral Finance Program, Page 2:
Friday, May 25, Continued:
1:15 PM KENT DANIEL, Northwestern University and NBER
SHERIDAN TITMAN, University of Texas and NBER
Explaining the Cross-Section of Stock Returns in Japan:Factors or Characteristics
Discussant: NICHOLAS BARBERIS, University of Chicago and NBER
2:15 PM JEFFREY PONTIFF, University of Washington
MICHAEL J. SCHILL, UC, Riverside
Long-Run Seasoned-Equity Offering Returns: Data Snooping, Model
Misspefication, or Mispricing? A Costly Arbitrage Approach
Discussant: WILLIAM GOETZMANN, Yale University and NBER
3:15 PM Coffee Break
3:30 PM WESLEY CHAN, MIT
Stock Price Reactions to New and No-News
Drift and Reversal After Headlines
Discussant: JAY RITTER, University of Florida
4:30 PM Adjourn
5/14/01