Institute for International Economic Policy

Advances in Behavioral Finance

Organized by
The Institute for International Economic Policy
The International Monetary Fund Institute

This will be an all day conference

May 26, 2011
The Elliott School of International Affairs
1957 E Street, NW, City View Room, 7th floor
Please click here to register

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

Upcoming Events

October 29 Wednesday
"The Role of Social Norms in Firm Tax Compliance: Experimental Evidence from Bangladesh"
Monica Singhal (Harvard Kennedy School)
» 12:30-2:00pm
» Monroe Hall, 2115 G St.
» Economic Seminar Room (321)
October 31 Friday
November 6/7 Thursday & Friday
BASIS AMA CRSP/I4 Index Insurance Innovation Initiative
» 11/6: 12:00-5:15pm,
Marvin Center 403+405

» 11/7: 8:00am-5:15pm,
Marvin Center 310+308
November 17 Monday
Human Rights and Internet Governance
Project on Trade Agreements and Internet Governance page
» 12:00pm

Please contact for more information.