FRIDAY, APRIL 8:

6:30 PM Dinner

Davio's

5 Cambridge Parkway

Cambridge, MA 02142

SATURDAY, APRIL 9:

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 ANDREA FRAZZINI, Yale University

OWEN LAMONT, Yale University and NBER

Dumb Money: Mutual Fund Flows and the Cross Section of Stock Returns

DISCUSSANT: DAVID MUSTO, University of Pennsylvania

10:00 AM ALOK KUMAR, University of Notre Dame

Who Gambles in the Stock Market?

DISCUSSANT: STEFAN NAGEL, Stanford University

11:00 AM Break

11:15 AM LAUREN COHEN, University of Chicago

KARL B. DIETHER, Ohio State University

CHRISTOPHER J. MALLOY, London Business School

Supply and Demand Shifts in the Shorting Market

DISCUSSANT: JEREMY STEIN, Harvard University and NBER

12:15 PM Lunch

Behavioral Finance Working Group Program, Page 2:

1:15 PM HARRISON HONG, Princeton University

JIALIN YU, Columbia University

Gone Fishin: Seasonality in Speculative Trading and Asset Prices

DISCUSSANT: NARASIMHAN JEGADEESH, Emory University

2:15 PM NICOLAE GARLEANU, University of Pennsylvania

LASSE PEDERSEN, New York University and NBER

ALLEN M. POTESHMAN, University of Illinois

Demand-Based Option Pricing

DISCUSSANT: OLEG BONDARENKO, University of Illinois

3:15 PM Break

3:30 PM PEDRO SANTA-CLARA, UC, Los Angeles and NBER

ALESSIO SARETTO, UC, Los Angeles

Option Strategies: Good Deals and Margin Calls

DISCUSSANT: STEPHEN FIGLEWSKI, New York University

4:30 PM Adjourn

3/28/05