Friday, April 12
6:00 pm
Joint Reception and Dinner at Gleacher Center, Room 621
Saturday, April 13
8:00 am
Continental Breakfast
8:30 am

Expected Returns and Cash-Flow Growth

Niels Joachim Gormsen, University of Chicago and NBER
Eben Lazarus, University of California, Berkeley

Discussant:
Tobias J. Moskowitz, Yale University and NBER
9:30 am

Five Facts About Beliefs and Portfolios

Stefano Giglio, Yale University and NBER
Matteo Maggiori, Stanford University and NBER
Johannes Stroebel, New York University and NBER
Stephen Utkus, University of Pennsylvania

Discussant:
Lars P. Hansen, University of Chicago and NBER
10:30 am
Break
11:00 am

Post-FOMC Announcement Drift in U.S. Bond Markets (slides)

Jordan Brooks, AQR Capital Management
Michael Katz, AQR Capital Management
Hanno Lustig, Stanford University and NBER

Discussant:
Anna Cieslak, Duke University and NBER
12:00 pm
Lunch- Executive Dining Room
1:00 pm

Volatility, Valuation Ratios, and Bubbles: An Empirical Measure of Market Sentiment

Can Gao, University of St. Gallen
Ian Martin, London School of Economics

Discussant:
Alan Moreira, University of Rochester and NBER
2:00 pm

Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors

Klakow Akepanidtaworn, University of Chicago
Rick Di Mascio, Inalytics Ltd
Alex Imas, University of Chicago and NBER
Lawrence Schmidt, Massachusetts Institute of Technology

Discussant:
Bronson Argyle, Brigham Young University
3:00 pm
Break
3:15 pm

A Retrieved-Context Theory of Financial Decisions

Jessica Wachter, University of Pennsylvania and NBER
Michael J. Kahana, University of Pennsylvania

Discussant:
Cary Frydman, University of Southern California
4:15 pm
Adjourn