Miami Behavioral Finance Conference

2022 Program

Speakers and Panel Discussions

8:00 am – 8:45 am

Continental Breakfast: Storer Auditorium Lobby

8:45 am – 9:05 am
Welcome Remarks: Dean John Quelch,  University of Miami
Conference Program Overview: George Korniotis, University of Miami, CEPR

 

Morning Session Chair
Stefanos Delikouras, University of Miami
9:05 am – 9:45 am

Asset Pricing in a World of Imperfect Foresight, Peter Bossaerts, University of Cambridge and the University of Melbourne; Felix Fattinger, Vienna University of Economics and Business; Frans van den Bogaerde, IFM Investors; Wenhao Yang, Chinese University of Hong Kong (Shenzhen).

Presenter: Peter Bossaerts, University of Cambridge and the University of Melbourne
Discussant: Chad Kendall, University of Southern California and NBER

9:45 am – 10:25 am

Crash Narratives, William N. Goetzmann, Yale University and NBER; Dasol Kim, Office of Financial Research; Robert J. Shiller, Yale University and NBER.

Presenter: Dasol Kim, Office of Financial Research
Discussant: Jessica Wachter, University of Pennsylvania

10:25 am – 10:55 am
Coffee Break: Storer Auditorium Lobby
10:55 am – 11:35 am

The Political Polarization of Corporate America, Vyacheslav Fos, Boston College, ECGI, and CEPR; Elisabeth Kempf, Harvard Business School, CEPR, and NBER; Margarita Tsoutsoura, Washington University in St. Louis, CEPR, ECGI, and NBER.

Presenter: Elisabeth Kempf, Harvard Business School, CEPR, and NBER
Discussant: Pat Akey, University of Toronto

11:35 am – 12:15 pm

Who Do You Vote For? Same Race Preferences in Shareholder Voting, Johan Sulaeman, National University of Singapore; Qiaozhi Ye, National University of Singapore.

Presenter: Johan Sulaeman, National University of Singapore
Discussant: Michelle Lowry, Drexel University

12:15 pm – 2:20 pm
Lunch: Executive Dining Room, Aresty 3rd Floor
Afternoon Session Chair
Indraneel Chakraborty, University of Miami
2:20 pm – 3:00 pm

Artificially Intelligent Forecasts, Analysts Sentiment, and Market Behavior, Vidhi Chhaochharia, University of Miami; Alok Kumar, University of Miami; Ville Rantala, University of Miami; Alan Zhang, Florida International University.

Presenter: Vidhi Chhaochharia, University of Miami
Discussant: Zoran Ivkovich, Michigan State University

3:00 pm – 3:40 pm

Retail Investors and Momentum, Jun Du, Peking University; Dashan Huang,Singapore Management University; Yu-Jane Liu, Peking University; Yushui Shi, Monash University; Avanidhar Subrahmanyam, University of California, Los Angeles; Huacheng Zhang, University of Nottingham.

Presenter: Avanidhar Subrahmanyam, University of California, Los Angeles
Discussant: Christopher Polk, London School of Economics and CEPR

3:40 pm – 4:00 pm
Coffee Break: Storer Auditorium Lobb
4:00 pm – 5:30 pm
Keynote Address: “New Investors and Anomalies in an Emerging Stock Market,” Wei Xiong, Princeton University and NBER
6:30 pm – 9:00 pm
Conference Dinner: THēsis Hotel Miami, 1350 S Dixie Hwy, Coral Gables, FL 33146
9:00 am – 9:30 am
Continental Breakfast: Storer Auditorium Lobby
Morning Session Chair:
Vidhi Chhaochharia, University of Miami
9:30 am – 10:10 am

The Coherence Side of Rationality: Rules of Thumb, Narrow Bracketing, and Managerial Incoherence in Corporate Forecasts, Pamela Giustinelli, Bocconi University; Stefano Rossi, Bocconi University.

Presenter: Stefano Rossi, Bocconi University
Discussant: Vincenzo Pezone, Tilburg University

10:10 am – 10:50 am

Memory Moves Markets, Constantin Charles, University of Southern California.

Presenter: Constantin Charles, University of Southern California
Discussant: Daniel Schmidt, HEC Paris

10:50 am – 11:10 am
Coffee Break: Storer Auditorium Lobby
11:10 am – 11:50 am

Retail Trading in Options and the Rise of the Big Three Wholesalers, Svetlana Bryzgalova, London Business School and CEPR; Anna Pavlova, London Business School and CEPR; Taisiya Sikorskaya, London Business School.

Presenter: Anna Pavlova, London Business School and CEPR
Discussant: Alessandro Previtero, Indiana University and NBER

11:50 am – 12:30 pm

Losing is Optional: Retail Option Trading and Earnings Announcement Volatility, Tim de Silva, Massachusetts Institute of Technology; Eric C. So, Massachusetts Institute of Technology; Kevin Smith, Stanford University.

Presenter: Eric C. So, Massachusetts Institute of Technology
Discussant: David Solomon, Boston College

12:30 pm – 2:20 pm
Lunch: Executive Dining Room, Aresty 3rd Floor
Afternoon Session Chair:
Ville Rantala, University of Miami
2:00 pm – 2:40 pm

Motivated Beliefs in Macroeconomic Expectations, Stefano Cassella, Tilburg University; Benjamin Golez, University of Notre Dame; Huseyin Gulen, Purdue University; Peter Kelly, University of Notre Dame.

Presenter: Peter Kelly, University of Notre Dame
Discussant: Olivier Coibion, University of Texas Austin, NBER, and CEPR

2:40 pm – 3:20 pm

The Economics of Financial Stress, Dmitriy Sergeyev, Bocconi University; Chen Lian, University of California Berkeley and NBER; Yuriy Gorodnichenko, University of California Berkeley and NBER.

Presenter: Chen Lian, University of California Berkeley and NBER
Discussant: Gonzalo Maturana, Emory University

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 fellows,  Claudio Rizzi at crizzi@miami.edu  and Shiyi Zhang at szhang@bus.miami.edu