Friday, November 12
10:00 am

The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View

Gabriel Chodorow-Reich, Harvard University and NBER
Adam Guren, Boston University and NBER
Timothy McQuade, University of California, Berkeley and NBER

Discussant:
Tim Landvoigt, University of Pennsylvania and NBER
10:45 am

The Role of Beliefs in Asset Prices: Evidence from Exchange Rates

Joao Paulo Valente, Yale University
Kaushik Vasudevan, Purdue University
Tianhao Wu, Yale University

Discussant:
Adrien Verdelhan, Massachusetts Institute of Technology and NBER
11:30 am
Break
12:00 pm

Do Teams Alleviate or Exacerbate Behavioral Biases? Evidence from Extrapolation Bias in Mutual Funds

Ricardo Barahona, Banco de España
Stefano Cassella, Tilburg University
Kristy A.E. Jansen, University of Southern California

Discussant:
Anastassia Fedyk, University of California at Berkeley
12:45 pm
Break
1:30 pm

The Inference-Forecast Gap in Belief Updating

Tony Qiaofeng Fan, Stanford University
Yucheng Liang, Carnegie Mellon University
Cameron Peng, London School of Economics

Discussant:
Daniel J. Benjamin, University of California, Los Angeles and NBER
2:15 pm

Dynamics of Subjective Risk Premia

Stefan Nagel, University of Chicago and NBER
Zhengyang Xu, City University of Hong Kong

Discussant:
Monika Piazzesi, Stanford University and NBER
3:00 pm
Break
3:30 pm

Model-free and Model-based Learning as Joint Drivers of Investor Behavior

Nicholas C. Barberis, Yale University and NBER
Lawrence J. Jin, Cornell University and NBER

Discussant:
Alex Chinco, Baruch College
4:15 pm
Adjourn