Room 204

Chicago, IL 60611

FRIDAY, MARCH 31:

8:30 AM Continental Breakfast

9:00 AM LUCA BENZONI, University of Minnesota

ROBERT S. GOLDSTEIN, University of Minnesota and NBER

PIERRE COLLIN-DUFRENSNE, UC, Berkeley and NBER

Can Standard Preferences Explain the Prices of Out-of-the-money S&P 500 Put Options?

Discussant: GEORGE CONSTANTINIDES, University of Chicago and NBER

10:00 AM Break

10:15 AM RICCARDO COLACITO and MARIANO M. CROCE, New York University

Risk for the Long Run and the Real Exchange Rate

Discussant: ADRIEN VERDELHAN, Boston University

11:15 AM RAVI JAGANNATHAN, Northwestern University and NBER

ALEXEY MALAKHOV, University of North Carolina

DMITRY NOVIKOV, Goldman Sachs

Do Hot Hands Persist Among Hedge Fund Managers?

An Empirical Evaluation

Discussant: DAVID HSIEH, Duke University

12:15 PM Lunch- Room 621

1:15 PM STAVROS PANAGEAS and JIANGENG YU, University of Pennsylvania

Technological Growth, Asset Pricing, and Consumption Risk Over Long Horizons

Discussant: TANO SANTOS, Columbia University and NBER

ASSET PRICING, PROGRAM, PAGE 2:

2:15 PM TORBEN G. ANDERSEN, Northwestern University and NBER

LUCA BENZONI, University of Minnesota

Can Bonds Hedge Volatility Risk in the U.S. Treasury Market?

A Specification Test for Affine Term Structure Models

Discussant: JUN PAN, MIT and NBER

3:15 PM Break

3:30 PM BRAD BARBER, UC, Davis

TERRANCE ODEAN, UC, Berkeley

NING ZHU, UC, Davis

Do Noise Traders Move Markets?

Discussant: SHERIDAN TITMAN, University of Texas and NBER

4:30 PM Adjourn

6:30 PM Joint Dinner

University of Chicago

Gleacher Center

Room 621

450 North Cityfront Plaza Drive

Chicago, IL

2/14/06