Advances in Behavioral Finance
Thu, 26 May, 2011
8:15am - 6:00pm
Thursday, May 26, 2011
Elliott School of International Affairs
City View Room 7th Floor
1957 E Street NW
Washington, DC 20052
Keynote speaker: Prof. George Akerlof (UC-Berkeley and IMF)
8:15 a.m.-8:45 a.m. Breakfast
8:45 a.m.-9:00 a.m. Opening Remarks IIEP Director Stephen C. Smith and IMF Institute Deputy Director Eric Clifton
9:00 a.m.-10:30 a.m. Session 1
Prof. William Goetzmann (Yale University): “The First Stock Market Bubble (and Crash!)”
Prof. Robert Stambaugh (University of Pennsylvania): “The Short of It: Investor Sentiment and Anomalies”
10:30 a.m.-10:50 a.m. Coffee Break
10:50 a.m.-12:20 p.m. Session 2
Prof. Avanidhar Subrahmanyam (UCLA): “Funding Constraints and Market Efficiency”
Prof. Russ Wermers (University of Maryland): “Seasonal Asset Allocation: Evidence from Mutual Fund Flows”
12:20 p.m.-1:30 p.m. Lunch Break
1:30 p.m.-3:00 p.m. Session 3
Prof. Robert Bloomfield (Cornell University): “The Synthetic Economy Research Environment (SERE): A Platform for Experiments in Policy and Practice”
Prof. Bill Zame (UCLA): “Ambiguity and Asset Pricing: Learning from the Knowledge of Others” – Paper 1 and Paper 2
3:00 p.m.-3:20 p.m. Coffee Break
3:20 p.m.-4:50 p.m. Session 4
Prof. Valery Polkovnichenko (University of Texas at Dallas): “Probability Weighting Functions Implied in Options Prices”
Prof. Jeffrey Wurgler (NYU): “Dividends as Reference Points: A Behavioral Signaling Model”
4:50 p.m.-5:00 p.m. Coffee Break
5:00 p.m.-6:00 p.m. Keynote Address and Open Floor Discussion:
Prof. George Akerlof (UC-Berkeley and IMF): “Blind Faith: Misplaced Trust and Economic Crisis”
Organizing Commmittee:
Marco Cipriani, International Monetary Fund
Ana Fostel, George Washington University
Jorge Roldos, International Monetary Fund
Anna Scherbina, UC Davis and International Monetary Fund
Stephen C. Smith, George Washington University
Organized by
The Institute for International Economic Policy
and
The International Monetary Fund Institute
(Note: This will be an all day conference)