NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

BEHAVIORAL FINANCE PROGRAM MEETING

Robert Shiller and Richard Thaler, Organizers

April 1, 2006

University of Chicago

Graduate School of Business (Hyde Park Center)

Room 104 (A, B & C)

5807 S. Woodlawn

Chicago, IL 60637

PROGRAM

FRIDAY, MARCH 31:

6:30 PM Joint Dinner

University of Chicago

Gleacher Center

Room 621

450 North Cityfront Plaza Drive

Chicago, IL

SATURDAY, APRIL 1:

8:30 AM Continental Breakfast

9:00 AM ULRIKE MALMENDIER, Stanford University and NBER

ENRICO MORETTI, UC, Berkeley and NBER

Winning by Losing: Evidence on Overbidding in Mergers

Discussant: YIMING QIAN, University of Iowa

10:00 AM HARRISON HONG, Princeton University

JOSE SCHEINKMAN and WEI XIONG, Princeton University and NBER

Advisors and Asset Prices: A Model of the Origins of Bubbles</EM>

Discussant: PIETRO VERONESI, University of Chicago

11:00 AM Break

11:15 AM MALCOLM BAKER, Harvard University and NBER

STEFAN NAGEL, Stanford University and and NBER

JEFFREY WURGLER, New York University and NBER

The Effects of Dividends on Consumption

Discussant: ERIK HURST, University of Chicago and NBER

12:15 PM Lunch

BEHAVIORAL FINANCE PROGRAM, PAGE 2:

1:15 PM LAUREN COHEN, Yale University

ANDREA FRAZZINI, University of Chicago

Economic Links and Predictable Returns

Discussant: JOSEF LAKONISHOK, LSV and NBER

2:15 PM AMIL DASGUPTA, ANDREA PRAT, MICHELA VERARDO, London School of Economics

The Price of Conformism

Discussant: MARKUS BRUNNERMEIER, Princeton University

3:15 PM Break

3:30 PM NICHOLAS BARBERIS, Yale University and NBER

WEI XIONG, Princeton University

What Drives the Disposition and Momentum Effects?

An Analysis of a Recent Preference-Based Explanation

Discussant: BING HAN, Ohio State University

4:30 PM Adjourn

2/22/06