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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Behavioral Economics Working Group
Behavioral Finance Meeting

Nicholas Barberis and Xavier Gabaix, Organizers

November 3, 2012

NBER
Martin Feldstein Conference Room, 2^nd Floor
1050 Massachusetts Avenue
Cambridge, MA 02138

PROGRAM

Friday, November 2, 2012
6:30 pm	Dinner Royal Sonesta Hotel 40 Edwin H. Land Boulevard Cambridge, MA 02142
Saturday, November 3, 2012
7:45 am 8:00 am	Shuttle Van Departs the Royal Sonesta Hotel for the NBER Shuttle Van Departs the Royal Sonesta Hotel for the NBER
8:00 am	Continental Breakfast
8:30 am	Robin Greenwood and Andrei Shleifer, Harvard University and NBER Expectations of Returns and Expected Returns Discussant: Jessica Wachter, University of Pennsylvania and NBER
9:30 am	Milo Bianchi, University Paris-Dauphine, Philippe Jehiel, Paris School of Economics and University College, London Financial Reporting and Market Efficiency with Extrapolative Investors Discussant: Brett Green, University of California, Berkeley
10:30 am	Break
11:00 am	Huaizhi Chen, London School of Economics Lauren Cohen, Harvard University and NBER Dong Lou, London School of Economics Industry Window Dressing Discussant: John Beshears, Stanford University and NBER
12:00 pm	Lunch
1:00 pm	Stefano Giglio, University of Chicago and NBER Kelly Shue, University of Chicago No News is News: Do Markets Underreact to Nothing? Discussant: Todd Pulvino, CNH Partners
2:00 pm	Markus Brunnermeier, Princeton University and NBER Alp Simsek, Harvard University and NBER Wei Xiong, Princeton University and NBER A Welfare Criterion for Models with Distorted Beliefs Discussant: Dimitri Vayanos, London School of Economics and NBER
3:00 pm	Break
3:30 pm	Harrison Hong, Princeton University and NBER David Sraer, Princeton University Speculative Betas Discussant: Kent Daniel, Columbia University and NBER
4:30 pm	Adjourn
11/1/12