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8th Miami Behavioral Finance Conference

December 16 - 17, 2017, School of Business Administration, University of Miami, Coral Gables, Florida 33124, USA

http://umbfc.bus.miami.edu

The School of Business Administration at the University of Miami is organizing its 8th Behavioral Finance Conference. The conference will be held in the Storer Auditorium at the University of Miami campus in Coral Gables (5250 University Dr., Coral Gables, FL 33146). The conference is sponsored by the Department of Finance at the University of Miami and the Review of Financial Studies (RFS).

KEYNOTE SPEAKER: Malcolm Baker, Robert G. Kirby Professor of Business Administration, Harvard University Program Committee Chair and Organizer: George Korniotis, University of Miami

Saturday, December 16, 2017

8:30 am - 9:10 am
Continental Breakfast: Storer Auditorium Lobby

9:10 am - 9:15 am
Welcome Remarks: Dean John Quelch, University of Miami

9:15 am - 9:25 am
Conference Program Overview: George Korniotis, University of Miami

Morning Session Chair: Stefanos Delikouras, University of Miami

9:25 am - 10:00 am
Short and Long Horizon Behavioral Factors, Kent Daniel, Columbia University, David Hirshleifer, University of California Irvine, Lin Sun, Florida State University
Presenter: David Hirshleifer
Discussant: Christian Lundblad, University of North Carolina

10:00 am - 10:35 am
Wisdom of the Employee Crowd: Employer Reviews and Stock Returns, T. Clifton Green, Emory University, Ruoyan Huang, Moody's Analytics, Quan Wen, Georgetown University, Dexin Zhou, Baruch College
Presenter: T. Clifton Green
Discussant: Kent Daniel, Columbia University

10:35 am - 11:00 am
Coffee Break: Storer Auditorium Lobby

11:00 am - 11:35 am
Making Sense of Soft Information: Interpretation Bias and Ex-post Lending Outcomes, Dennis Campbell, Harvard University, Maria Loumioti, Massachusetts Institute of Technology, Regina Wittenberg-Moerman, University of Southern California
Presenter: Maria Loumioti
Discussant: Gregor Matvos, University of Texas at Austin

11:35 am - 12:10 pm
Socioeconomic Status and Macroeconomic Expectations, Sreyoshi Das, University of Michigan, Camelia Kuhnen, University of North Carolina, Stefan Nagel, University of Chicago
Presenter: Camelia Kuhnen
Discussant: Geoffrey Tate, University of North Carolina

12:10 pm - 1:10 pm
Lunch: James W. McLamore Executive Dining room, 3rd Floor, University of Miami, School of Business

1:10 pm - 2:10 pm
Keynote Speech: Detecting Anomalies: The Relevance and Power of Standard Asset Pricing Tests, Malcolm Baker, Robert G. Kirby Professor of Business Administration, Harvard University
Location: Storer Auditorium, University of Miami

2:10 pm - 2:30 pm
Coffee Break: Storer Auditorium Lobby

Afternoon Session Chair: Henrik Cronqvist, University of Miami

2:30 pm - 3:05 pm
Skewness Seeking in a Dynamic Portfolio Choice Experiment, Isabelle Brocas, University of Southern California, Juan Carrillo, University of Southern California, Aleksandar Giga, University of Southern California, Fernando Zapatero, University of Southern California
Presenter: Fernando Zapatero
Discussant: Elena Asparouhova, University of Utah

3:05 pm - 3:40 pm
The Impact of Salience on Investor Behavior: Evidence from a Natural Experiment, Cary Frydman, University of Southern California, Baolian Wang, Fordham University
Presenter: Cary Frydman
Discussant: Alex Imas, University of Chicago

3:40 pm - 3:50 pm
Coffee Break: Storer Auditorium Lobby

3:50 pm - 4:35 pm
Doctoral Student Session
Idiosyncratic Shocks, Geographic Spillovers, and Asset Prices, Sima Jannati, University of Miami

Losers Buy Beta, Koustav De, University of Michigan

Pay Inequality and the SEC's Enforcement Activity, Joseph Kalmenovitz, New York University

5:30 pm - 8:30 pm
Dinner Cruise: Miamarina at Bayside

Sunday, December 17, 2017

9:00 am - 9:30 am
Continental Breakfast: Storer Auditorium Lobby

Morning Session Chair: Gennaro Bernile, University of Miami

9:30 am - 10:05 am
What Drives Anomaly Returns?, Lars Lochstoer, University of California Los Angeles, Paul Tetlock, Columbia University
Presenter: Paul Tetlock
Discussant: Leonid Kogan, Massachusetts Institute of Technology

10:05 am - 10:40 am
Spillovers in Asset Prices: The Curious Case of Haunted Houses, Utpal Bhattacharya, Hong Kong University of Science and Technology, Daisy Huang, Nanjing Audit University, Kasper Meisner Nielsen, Hong Kong University of Science and Technology
Presenter: Utpal Bhattacharya
Discussant: Ed Coulson, University of California Irvine

10:40 am - 11:10 am
Coffee Break: Storer Auditorium Lobby

11:10 am - 11:45 am
The Promises and Pitfalls of Robo-advising, Francesco D'Acunto, University of Maryland, Nagpurnanand Prabhala, University of Maryland, Alberto Rossi, University of Maryland
Presenter: Francesco D'Acunto
Discussant: Brad Barber, University of California Davis

11:45 am - 12:20 pm
Does Limited Investor Attention Explain Mutual Fund Flows? Evidence from Sector Funds, Indraneel Chakraborty, University of Miami, Alok Kumar, University of Miami, Tobias Muhlhofer, University of Miami, Ravi Sastry, University of Melbourne
Presenter: Indraneel Chakraborty
Discussant: Scott Yonker, Cornell University

12:20 pm - 1:20 pm
Lunch: Finker-Frenkel Family Promenade, University of Miami

Afternoon Session Chair: Ville Rantala, University of Miami

1:20 pm - 1:55 pm
IQ from IP: Simplifying Search in Portfolio Choice, Huaizhi Chen, Harvard University, Lauren Cohen, Harvard University, Umit Gurun, University of Texas at Dallas, Dong Lou, London School of Economics, Christopher Malloy, Harvard University
Presenter: Lauren Cohen
Discussant: Gurdip Bakshi, University of Maryland

1:55 pm - 2:30 pm
Optimism Propagation, Torsten Jochem, University of Amsterdam, Florian Peters, University of Amsterdam
Presenter: Florian Peters
Discussant: Boris Vallee, Harvard University

2:30 pm - 2:50 pm
Coffee Break: Storer Auditorium Lobby

2:50 pm - 3:25 pm
Borrowing to Save? The Impact of Automatic Enrollment on Debt, John Beshears, Harvard University, James Choi, Yale University, David Laibson, Harvard University, Brigitte Madrian, Harvard University, William Skimmyhorn, United States Military Academy
Presenter: James Choi
Discussant: Nick Roussanov, University of Pennsylvania

3:25 pm - 4:00 pm
Cognitive Reference Points, the Left-Digit Effect, and Clustering in Housing Markets, Sudheer Chava, Georgia Institute of Technology, Vincent Yao, Georgia State University
Presenter: Vincent Yao
Discussant: Felipe Severino, Dartmouth College

The program for last year's conference is available at http://bus.miami.edu/umbfc/2016-conference

REGISTRATION: If you are interested in participating, please register for the conference before December 1, 2017, at: http://umbfc.bus.miami.edu

ACCOMMODATIONS: We have negotiated special pricing for a block of rooms at the Hyatt Regency Coral Gables. Reservations can be made at https://aws.passkey.com/go/umfinance2017. The deadline to reserve a room at the special rate is November 15th.

For additional information about the conference, please email umbfc@miami.edu. You can also contact the conference organizer, George Korniotis, at gkorniotis@miami.edu or the conference fellow, William Bazley, at wbazley@bus.miami.edu

Posted: 6 Nov 2017