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
Cameron Peng, London School of Economics
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, Cornell University
Wei Xiong, Princeton University and NBER
Zhijiang Ye, Princeton University

Discussant:
Hui Chen, Massachusetts Institute of Technology and NBER

4:00 pm

Adjourn