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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.
BEHAVIORAL ECONOMICS WORKING GROUP
Andrea Frazzini and Kent Daniel, Organizers
November 21, 2009
Royal Sonesta Hotel
40 Edwin H. Land Boulevard
Parkview Room
Cambridge, Massachusetts
PROGRAM
FRIDAY, NOVEMBER 20, 2009
6:30 pm	Dinner
	Legal Sea Foods
	5 Cambridge Center (Kendall Square)
	Cambridge, MA
SATURDAY, NOVEMBER 21, 2009
8:15 am	Continental Breakfast
8:45 am	VICTOR STANGO, University of California, Davis
	JONATHAN ZINMAN, Dartmouth College
	Limited and Varying Consumer Attention: Evidence from Shocks to the Salience of Penalty Fees
	Discussant: ULRIKE MALMENDIER, UC, Berkeley and NBER
9:45 am	NICOLAE GARLEANU, UC, Berkeley and NBER
	LASSE PEDERSEN, New York University and NBER
	Margin-Based Asset Pricing and the Law of One Price
	Discussant: ANDREI SHLEIFER, Harvard University and NBER
10:45 am	Break
11:00 am	MARK GRINBLATT, UC, Los Angeles
	MATTI KELOHARJU, Helsinki School of Economics
	JUHANI LINNAINMAA, University of Chicago
	Do Smart Investors Outperform Dumb Investors?
	Discussant: OWEN LAMONT, Yale University
12:00 pm	Lunch-Charles
1:00 pm	ROBIN GREENWOOD, Harvard University and NBER
	SAMUEL HANSON, Harvard University
	Catering to Characteristics
	Discussant: JONATHAN LEWELLEN, Dartmouth College and NBER
2:00 pm	CHRISTOPHER PARSONS, University of North Carolina
	JOSEPH ENGELBERG, University of North Carolina
	The Causal Impact of Media in Financial Markets
	Discussant: PAUL TETLOCK, Columbia University
3:00 pm	Break
3:15 pm	MALCOLM BAKER, Harvard University and NBER
	XIN PAN, Harvard University
	JEFFREY WURGLER, New York University and NBER
	A Reference Point Theory of Mergers and Acquisitions
	Discussant: PAVEL SAVOR, University of Pennsylvania
5:00 pm	Adjourn
11/13/09