Inaugural Miami Finance Conference
Behavioral Finance
December 16-18, 2010
School of Business Administration, University of Miami
Coral Gables, Florida 33124
http://www.bus.miami.edu/bfc2010
Keynote Speaker: William Goetzmann, Yale University
Program Committee Chair: Campbell Harvey, Duke University and University of Miami
Organizer: Alok Kumar, University of Miami and University of Texas at Austin
Download a PDF version of the conference program. The names of presenters are indicated with bold font.
Behavioral Conference Participants
Thursday, December 16, 2010
6:30-9:00 pm
Reception, Biltmore Hotel
Friday, December 17, 2010
7:30-8:00 am
Continental Breakfast: Outside Storer Auditorium, School of Business Administration, University of Miami
8:00-8:15
Welcome Remarks: Barbara Kahn, Dean, School of Business Administration, University of Miami
Conference Program Overview: Campbell Harvey, Program Committee Chair
8:15-9:00
How Wise Are Crowds? Insights from Retail Orders and Stock Returns
Eric Kelley (University of Arizona) and Paul Tetlock (Columbia University)
Discussant: Scott Weisbenner, University of Illinois
9:00-9:45
Does Stock Ownership Breadth Measure Short-Sales Constraints or Sentiment?
James Choi (Yale University), Li Jin (Harvard University), and Hongjun Yan (Yale University)
Discussant: Warren Bailey, Cornell University
9:45-10:15
Coffee Break
10:15-11:00
Trading Complex Assets
Bruce Carlin (University of California at Los Angeles) and Shimon Kogan (University of Texas at Austin)
Discussant: Jeffrey Hales, Georgia Institute of Technology
11:00-11:45
Realization Utility and Regret Signals in the Brain are Associated with Suboptimal Stock-Market Transactions
Cary Frydman (California Institute of Technology), Nicholas Barberis (Yale University), Colin Camerer (CalTech), Peter Bossaerts (CalTech), and Antonio Rangel (CalTech)
Discussant: Lin Peng, Baruch College
PDF version of the paper is not available. Hard copies will be available at the conference.
11:45-12:30
Different Affective Learning Systems Contribute to the Accumulation of Assets and Debt
Brian Knutson (Stanford University), Camelia Kuhnen (Northwestern University), and Gregory Samanez-Larkin (Vanderbilt University)
Discussant: Nick Barberis, Yale University
12:30-2:00
Lunch
Keynote Speech: William Goetzmann, Yale University
2:00-2:45
Local Investors, Price Discovery and Market Efficiency
Sophie Shive, University of Notre Dame
Discussant: Chris Parsons, University of North Carolina at Chapel Hill
2:45-3:30
Institutional Investors’ Investment Durations and Stock Return Anomalies: Momentum, Reversal, Accruals, Share Issuance and R&D Increases
Martijn Cremers (Yale University) and Ankur Pareek (Rutgers University)
Discussant: Anna Scherbina, University of California at Davis
4:00-7:00
Optional Activity: Biscayne Bay Sunset Cruise, Dinner Key Marina or 9-Hole Golf, Hotel Biltmore
7:00-9:30
Dinner: Chart House Restaurant, Dinner Key Marina
Saturday, December 18, 2010
7:45-8:15 am
Continental Breakfast: Outside Storer Auditorium, School of Business Administration, University of Miami
8:15-9:00
Does Information Dissemination Mitigate Bubbles?
Sandro Andrade (University of Miami), Jiangze Bian (University of International Business and Economics), and Tim Burch (University of Miami)
Discussant: Utpal Bhattacharya, Indiana University
9:00-9:45
Index Investment and Financialization of Commodities
Ke Tang (Renmin University) and Wei Xiong (Princeton University)
Discussant: Jialin Yu, Columbia University
9:45-10:15
Coffee Break
10:15-11:00
Acquisitions as Lotteries: Do Gambling Attitudes Influence Takeover Decisions?
Christoph Schneider (University of Mannheim) and Oliver Spalt (Tilburg University)
Discussant: Gennaro Bernile, University of Miami
11:00-11:45
Complicated Firms
Lauren Cohen (Harvard Business School) and Dong Lou (London School of Economics)
Discussant: Kewei Hou, Ohio State University
11:45-1:00
Lunch
1:00-1:45
Probability Weighting Functions Implied by Options Prices
Valery Polkovnichenko (University of Texas at Dallas) and Feng Zhao (University of Texas at Dallas)
Discussant: George Korniotis, University of Miami
1:45-2:30
The Origins of Savings Behavior
Henrik Cronqvist (Claremont McKenna College) and Stephan Siegel (University of Washington)
Discussant: Jim Weston, Rice University
