Behavioral Finance Working Group Meeting
Organized by Nicholas C. Barberis
Supported by Bracebridge Capital and Fuller and Thaler Asset Management
November 11, 2022
Cambridge, MA and Zoom
Thursday, November 10
6:30 pm
Dinner, Royal Sonesta Hotel
Friday, November 11
8:30 am
Coffee and Pastries
9:00 am

The Coherence Side of Rationality: Rules of Thumb, Narrow Bracketing, and Managerial Incoherence in Corporate Forecasts

Pamela Giustinelli, Bocconi University
Stefano Rossi, Bocconi University

Discussant:
Kelly Shue, Yale University and NBER
9:50 am

Investor Memory and Biased Beliefs: Evidence from the Field

Zhengyang Jiang, Northwestern University and NBER
Hongqi Liu, The Chinese University of Hong Kong, Shenzhen (CUHK-SZ)
Cameron Peng, London School of Economics and Political Science (LSE)
Hongjun Yan, DePaul University

Discussant:
Michael J. Kahana, University of Pennsylvania
10:40 am
Break
11:10 am

Present Bias Unconstrained: Consumption, Welfare, and the Present-Bias Dilemma

Peter Maxted, University of California, Berkeley

Discussant:
Taha Choukhmane, Massachusetts Institute of Technology and NBER
12:00 pm
Lunch
1:00 pm

The Economics of Financial Stress (slides)

Dmitriy Sergeyev, Bocconi University
Chen Lian, University of California, Berkeley and NBER
Yuriy Gorodnichenko, University of California, Berkeley and NBER

Discussant:
Neil Thakral, Brown University
1:50 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:
Robert Battalio, University of Notre Dame
2:40 pm
Break
3:10 pm

Measuring Time-Varying Disaster Risk: An Empirical Analysis of Dark Matter in Asset Prices

Matthew Baron, Georgetown University
Wei Xiong, Princeton University and NBER
Zhijiang Ye, Princeton University

Discussant:
Hui Chen, Massachusetts Institute of Technology and NBER
4:00 pm
Adjourn