Asset Pricing Program Meeting
Organized by Arvind Krishnamurthy and Monika Piazzesi
April 8, 2022
Chicago and on Zoom
Friday, April 8
Format: 20 minutes for authors, 20 minutes for discussants and 20 minutes for Q&A
8:30 am
Continental Breakfast
9:00 am

The Real Channel for Nominal Bond-Stock Puzzles

Mikhail Chernov, University of California, Los Angeles and NBER
Lars A. Lochstoer, University of California, Los Angeles and NBER
Dongho Song, Johns Hopkins University

Discussant:
Pietro Veronesi, University of Chicago and NBER
10:00 am
Break
10:15 am

Dissecting Green Returns

Lubos Pastor, University of Chicago and NBER
Robert F. Stambaugh, University of Pennsylvania and NBER
Lucian A. Taylor, University of Pennsylvania and NBER

Discussant:
Stefano Giglio, Yale University and NBER
11:15 am
Break
11:30 am
Panel: Investor Psychology
Chair: George Loewenstein, Carnegie Mellon University
Panelists:
Alex Imas, University of Chicago and NBER
Nicholas Barberis, Yale University and NBER
Colin Camerer, California Institute of Technology
12:30 pm
Lunch - King Arthur Court, 3rd floor
1:30 pm

What Drives Variation in Investor Portfolios? Evidence from Retirement Plans

Mark L. Egan, Harvard University and NBER
Alexander MacKay, University of Virginia
Hanbin Yang, London Business School

Discussant:
Motohiro Yogo, Princeton University and NBER
2:30 pm
Break
2:45 pm

Retail Trading in Options and the Rise of the Big Three Wholesalers

Svetlana Bryzgalova, London Business School
Anna Pavlova, London Business School
Taisiya Sikorskaya, University of Chicago

Discussant:
Chester S. Spatt, Carnegie Mellon University and NBER
3:45 pm
Break
4:00 pm

Discount Rates: Measurement and Implications for Investment

Niels Joachim Gormsen, University of Chicago and NBER
Kilian Huber, University of Chicago and NBER

Discussant:
Janice C. Eberly, Northwestern University and NBER
5:00 pm
Adjourn