NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



BEHAVIORAL ECONOMICS WORKING GROUP

Robert Shiller and Richard Thaler, Organizers



November 12, 2005

NBER

2nd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM



FRIDAY, NOVEMBER 11:



6:30 PM Dinner

Davio's Restaurant

5 Cambridge Parkway

Cambridge, MA 02142



SATURDAY, NOVEMBER 12:



8:00 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue



8:30 AM Shuttle Van Departs Royal Sonesta Hotel for 1050 Mass. Avenue



8:30 AM Continental Breakfast



9:00 AM ANDREI SHLEIFER and SENDHIL MULLAINATHAN, Harvard University and NBER

Persuasion in Finance

Discussant: SHANE FREDERICK, MIT



10:00 AM JEFFREY WURGLER, New York University and NBER

MALCOLM BAKER, Harvard University and NBER

Government Bonds and the Cross-Section of Stock Returns



Discussant: BHASKARAN SWAMINATHAN, Cornell University



11:00AM Break





11:15 AM MARKUS BRUNNERMEIER, Princeton University

(Joint with Christian Julliard)

Money Illusion and Housing Frenzies



Discussant: CHRISTOPHER MAYER, Columbia University and NBER



12:15 PM Lunch



1:15 PM YIMING QIAN and MATTHEW BILLETT, University of Iowa

Are Overconfident Managers Born or Made?

Evidence of Self-Attribution Bias from Frequent Acquirers



Discussant: ULRIKE MALMENDIER, Stanford University and NBER





BEHAVIORAL ECONOMICS WORKING GROUP PROGRAM, PAGE 2:



2:15 PM HARRISON HONG and MARCIN KACPERCZYK, Princeton University

The Price of Sin: The Effects of Social Norms on Markets



Discussant: OWEN LAMONT, Yale University and NBER

3:15 PM Break



3:30 PM PAOLA SAPIENZA, Northwestern University and NBER

LUIGI ZINGALES, Harvard University and NBER

(Joint with Luigi Guiso)

Trusting the Stock Market



Discussant: JOSHUA COVAL, Harvard University



5:00 PM Adjourn



11/2/05