NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.



BEHAVIORAL ECONOMICS WORKING GROUP

Robert Shiller and Richard Thaler, Organizers



March 31, 2007

University of Chicago

Gleacher Center, GSB (Downtown Chicago)

Room 100

450 North Cityfront Plaza Drive

Chicago, IL 60611



PROGRAM



FRIDAY, MARCH 30:



6:00 PM Joint Reception/Dinner

University of Chicago

Gleacher Center

Room 621

450 North Cityfront Plaza Drive

Chicago, IL 60611



SATURDAY, MARCH 31:



8:30 AM Continental Breakfast



9:00 AM GEORGE A. AKERLOF, UC, Berkeley

The Missing Motivation in Macroeconomics



Discussant: STEVEN KAPLAN, University of Chicago and NBER



10:00 AM RONI MICHAELY and WILLIAM WELD, Cornell University

SHLOMO BENARTZI, UC, Los Angeles

RICHARD THALER, University of Chicago and NBER

A Nominal Stock Price Puzzle



Discussant: MARKUS BRUNNERMEIER, Princeton University and NBER



11:00 AM Break



11:15 AM HENRIK CRONQVIST, Ohio State University

ANGIE LOW, Ohio State University

MATTIAS NILLSON, Worcestor Polytechnic Institute

Does Corporate Culture Matter for Firm Policies?



Discussant: MALCOLM BAKER, Harvard University and NBER



12:15 PM Lunch-Room 621





Over, Please!



BEHAVIORAL ECONOMICS WORKING GROUP PROGRAM, PAGE 2:



1:15 PM SUMIT AGARWAL, Federal Reserve Bank of Chicago

JOHN DRISCOLL, Federal Reserve Board

XAVIER GABAIX, Princeton University

DAVID LAIBSON, Harvard University

The Age of Reason: Financial Decisions Over the Lifecycle



Discussant: ULRIKE MALMENDIER, UC, Berkeley and NBER



2:15 PM VALENTIN DIMITROV, Rutgers University

PREM JAIN, Georgetown University

SHERI TICE, Tulane University

Sell on the News: Differences of Opinion and Returns around Earnings Announcements



Discussant: CHARLES M.C. LEE, Barclay Global Investors



3:15 PM Break

3:30 PM ROBERT CHIRINKO, Emory University

HUNTLEY SCHALLER, Carleton University

Fundamentals, Misvaluation, and Investment: The Real Story

Discussant: JOSHUA RAUH, University of Chicago and NBER



4:30 PM Adjourn





3/20/07