NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
BEHAVIORAL FINANCE PROGRAM MEETING
Nicholas Barberis and Richard H. Thaler, Organizers
April 12, 2003
University of Chicago
Gleacher Center (Downtown Chicago)
Room 200
450 North Cityfront Plaza Drive
Chicago, IL 60611
PROGRAM
FRIDAY, APRIL 11:
6:30 PM Joint Dinner
University of Chicago
Gleacher Center
Room 621
450 North Cityfront Plaza Drive
Chicago, IL
SATURDAY, APRIL 12:
8:30 AM Continental Breakfast
9:00 AM ALAN B. KRUEGER, Princeton University and NBER
KENNETH N. FORTSON, Princeton University
Do Markets Respond More to More Reliable Labor Market Data?: Test of Market Rationality
Discussant: ANIL KASHYAP, University of Chicago and NBER
10:00 AM Break
Joint Session
10:15 AM MING DONG, York University
DAVID HIRSHLEIFER and SIEW HONG TEOH, Ohio State University
SCOTT RICHARDSON, University of Pennsylvania
Does Investor Misvaluation Drive the Takeover Market?
11:15 AM MATTHEW RHODES-KROPF and DAVID T. ROBINSON, Columbia University
S. VISWANATHAN, Duke University
Valuation Waves and Merger Activity: The Empirical Evidence
Discussant: STEVEN KAPLAN, University of Chicago and NBER
12:15 PM Lunch- Room 621
1:15 PM MARKUS K. BRUNNERMEIER, Princeton University
JONATHAN A. PARKER, Princeton University and NBER
Discussant: SENDHIL MULLAINATHAN, MIT and NBER
Over, Please
Behavioral Finance Program, Page 2:
2:15 PM Break
2:30 PM LOUIS CHAN, University of Illinois
JASON KARCESKI, University of Florida
JOSEF LAKONISHOK, University of Illinois and NBER
Analysts Conflict of Interest and Biases in Earnings Forecasts
Discussant: RUSSELL FULLER, Fuller and Thaler Asset Management
3:30 PM ASIM IJAZ KHWAJA, Harvard University
ATIF MIAN, University of Chicago
Price Manipulation and Phantom Markets: An In-depth Exploration of a Stock Market
Discussant: PETE KYLE, Duke University
4:30 PM Adjourn
4/8/03