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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Behavioral Economics Working Group
Behavioral Finance Meeting

Amit Seru and Amir Sufi, Organizers

April 12, 2014

University of Chicago
Gleacher Center, Booth School of Business (Downtown Chicago)
Room 100450 North Cityfront Plaza Drive
Chicago, IL

PROGRAM

 

Friday, April 11, 2014


6:00 pm


Joint Reception and Dinner
University of Chicago

Gleacher Center-Executive Dining Room 621
450 North Cityfront Drive
Chicago, IL

Saturday, April 12,  2014


8:00 am


Continental Breakfast


8:30 am


Kelly Shue, University of Chicago
Richard Townsend, Dartmouth College and NBER
Growth through Rigidity: An Explanation for the Rise in CEO Pay

 

Discussant: Ulrike Malmendier, University of California at Berkeley and NBER


9:20 am


Kenneth R. Ahern, University of Southern California
Denis Sosyura, University of Michigan
Rumor Has It: Sensationalism in Financial Media

 

Discussant: Matthew Gentzhow, University of Chicago and NBER


10:10 am


Break


10:40 am


Asaf Manela, Washington University in St. Louis
Alan Moreira, Yale University
News Implied Volatility and Disaster Concerns

 

Discussant: Bryan Kelly, University of Chicago and NBER


11:30 am


Cindy Soo, University of Michigan
Quantifying Animal Spirits: News Media and Sentiment in the Housing Market

Discussant: Joseph Engelberg, University of California at San Diego


12:20 pm


Lunch-Executive Dining Room 621


1:30 pm


Steve Foerster, University of Western Ontario
Juhani T. Linnainmaa, University of Chicago and NBER
Brian T. Melzer, Northwestern University
Alessandro Previtero, University of Western Ontario
The Costs and Benefits of Financial Advice

 

Discussant: Tal Gross, Columbia University and NBER


2:20 pm


Break


2:35 pm


Benjamin Keys, University of Chicago
Jialan Wang, Consumer Financial Protection Bureau
Perverse Nudges: Minimum Payments and Debt Paydown in Consumer Credit Cards

Discussant: Neale Mahoney, University of Chicago and NBER


3:25 pm


Break


3:40 pm


Alexander Ljungqvist, New York University and NBER
Wenlan Qian, National University of Singapore
How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation

Discussant: Lauren Cohen, Harvard University and NBER


4:30 pm


Adjourn

4/9/14