2014 CONFERENCE PROGRAM


Conference Program
Fifth Miami Behavioral Finance Conference
December 14-16, 2014
School of Business Administration, University of Miami
Coral Gables, Florida 33124, USA
http://bus.miami.edu/umbfc/
Download Conference Program 2014 Conference Brochure
Download Conference Program
 2014 List of Participants
Download Conference Program 2014 Info Sheet
Keynote Speaker: Matthew Rabin, Harvard University  2014 UMBFC Brochure
Program Committee Chair: Campbell Harvey, Duke University and University of Miami
Organizers: Jawad Addoum, Stefanos Delikouras, and George Korniotis, University of Miami
   
Sunday, December 14, 2014
6:00 pm – 8:00 pm Welcome Reception, Southwest Terrace, Biltmore Hotel
Monday, December 15, 2014
8:15 am – 8:45 am Continental Breakfast: Student Activities Center, University of Miami
8:45 am – 9:00 am Welcome Remarks: Eugene Anderson, Dean, University of Miami School of Business Administration
Conference Program Overview: Campbell Harvey, Program Committee Chair
Morning Session Chair: Stefanos Delikouras, University of Miami
9:00 am – 9:40 am Which Risk Factors Matter to Investors? Evidence From Mutual Fund Flows
Brad Barber, University of California, Davis, Xing Huang, Michigan State University, and Terrance Odean, University of California, Berkeley
Discussant: Amit Goyal, University of Lausanne
9:40 am – 10:20 am Distrust in Finance Lingers: Jewish Persecution and Households' Investments
Francesco D’Acunto, University of California, Berkeley, Marcel Prokopczuk, Zeppelin University, and Michael Weber, University of Chicago
Discussant: Rick Green, Carnegie Mellon University
10:20 am – 10:50 am Coffee Break
10:50 am – 11:30 am License to Spend: Consumption-Income Sensitivity and Portfolio Choice
Jawad Addoum, University of Miami, Stefanos Delikouras, University of Miami, and George Korniotis, University of Miami
Discussant: Luis Viceira, Harvard University
11:30 am – 12:10 pm Visibility Bias in the Transmission of Consumption Norms and Undersaving
Bing Han, University of Toronto, and David Hirshleifer, University of California, Irvine
Discussant: Theresa Kuchler, New York University
12:10 pm – 1:30 pm Lunch: Student Activities Center, University of Miami
Afternoon Session Chair: Sandro Andrade, University of Miami
1:30 pm – 2:30 pm Keynote Speech: Inferential Errors in Markets and Elsewhere
Matthew Rabin, Harvard University
2:30 pm – 3:10 pm Decision-Making under the Gambler's Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires
Daniel Chen, ETH Zurich, Tobias Moskowitz, University of Chicago, and Kelly Shue, University of Chicago
Discussant: John Beshears, Harvard University
3:10 pm – 3:30 pm Coffee Break
3:30 pm – 4:20 pm Ph.D. Student Papers
Taking a Beating on the Stock Market: Crime and Stock Returns
John Huck, University of Michigan, Ann Arbor
Discussant: Timothy Burch, University of Miami
  Identity, Overconfidence, and Investment Decisions
Francesco D’Acunto, University of California, Berkeley
Discussant: George Korniotis, University of Miami
5:30 pm – 9:00 pm Dinner Cruise: Bayside Marina
Tuesday, December 16, 2014
8:30 am – 9:00 am Continental Breakfast: Student Activities Center, University of Miami
Morning Session Chair: Rik Sen, HKUST and University of Miami
9:00 am – 9:40 am Learning Millennial-Style
Bruce Carlin, University of California, Los Angeles, Li Jiang, University of California, Los Angeles, and Stephen Spiller, University of California, Los Angeles
Discussant: Laura Veldkamp, New York University
9:40 am – 10:20 am Ambiguity Aversion, Disagreement, and the Theory of the Firm
David Dicks, University of North Carolina at Chapel Hill, and Paolo Fulghieri, University of North Carolina at Chapel Hill
Discussant: Christopher Hennessy, London Business School
10:20 am – 10:50 am Coffee Break
10:50 am – 11:30 am FORE! An Analysis of CEO Shirking
David Cicero, University of Alabama, Lee Biggerstaff, University of Tennessee, and Andy Puckett, University of Tennessee
Discussant: Justin Murfin, Yale University
11:30 am – 12:10 pm Rational and Heuristic-Driven Trading Panics in an Experimental Asset Market
Chad Kendall, University of Southern California
Discussant: Sophie Moinas, University of Toulouse
12:10 pm – 1:30 pm Lunch: Student Activities Center, University of Miami
Afternoon Session Chair: Vidhi Chhaochharia, University of Miami
1:30 pm – 2:10 pm Investor Behavior and Financial Innovation: Callable Bull/Bear Contracts
Avanidhar Subrahmanyam, University of California, Los Angeles, Xindan Li, Nanjing University, and Xuewei Yang, Nanjing University
Discussant: Turan Bali, Georgetown University
2:10 pm – 2:50 pm Household Wealth and Portfolio Choice When Tail Events Are Salient
Murray Carlson, University of British Columbia, and Ali Lazrak, University of British Columbia
Discussant: Daniel Gottlieb, University of Pennsylvania
2:50 pm – 3:20 pm Coffee Break
3:20 pm – 4:00 pm Time Will Tell: Information in the Timing of Scheduled Earnings News
Eric So, Massachusetts Institute of Technology
Discussant: Samuel Hartzmark, University of Chicago
     
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