Miami Behavioral Finance Conference

2021 Program

Speakers and Panel Discussions

8:45 am - 9:00 am
Conference Program Overview: George Korniotis, University of Miami
Session Chair
Tim Burch
9:00 am - 9:35 am

Wealth and Insurance Choices: Evidence from US Households, Michael Gropper, University of North Carolina at Chapel Hill, Camelia M. Kuhnen, University of North Carolina at Chapel Hill
      Presenter: Michael Gropper, University of North Carolina at Chapel Hill
      Discussant: Justin Sydnor, University of Wisconsin

9:40 am - 10:15 am

Managing Mental Accounts: Payment Cards and Consumption Expenditures, Michael Gelman, University of Delaware, Nikolai Roussanov, University of Pennsylvania
      Presenter: Nikolai Roussanov, University of Pennsylvania
      Discussant: Michaela Pagel, Columbia University

10:20 am - 10:55 am

Human Frictions in the Transmission of Economic Policy, Francesco D’Acunto, Boston College, Daniel Hoang, Karlsruhe Institute of Technology, Maritta Paloviita, Bank of Finland, Michael Weber, University of Chicago
      Presenter: Michael Weber, University of Chicago
      Discussant: Peter Maxted, University of California at Berkeley

10:55 am - 11:30 am
Break
Session Chair
Indraneel Chakraborty
11:30 am - 12:05 pm

Discounting Less in Bad Times: Shining the Light on Cash Flow Expectations, Constantin Charles, University of Southern California, Cary Frydman, University of Southern California, Mete Kilic, University of Southern California
      Presenter: Mete Kilic, University of Southern California
      Discussant: Alex Chinco, City University of New York - Baruch College

12:10 pm - 12:45 pm

Grit, Loss Aversion, and Investor Behavior, William Bazley, University of Kansas, Sima Jannati, University of Missouri at Columbia, and George M. Korniotis, University of Miami
      Presenter: Sima Jannati, University of Missouri at Columbia
      Discussant: Francesco D'Acunto, Boston College

12:45 pm - 2:00 pm
Break
Session Chair
Ville Rantala
2:00 pm - 2:35 pm

Echo Chambers, J. Anthony Cookson, University of Colorado at Boulder, Joseph E. Engelberg, University of California at San Diego, William Mullins, University of California at San Diego
      Presenter: William Mullins, University of California at San Diego
      Discussant: Anastassia Fedyk, University of California at Berkeley

2:40 pm - 3:15 pm

The Distribution of Investor Beliefs, Stock Ownership and Stock Returns, Gikas Hardouvelis, University of Piraeus, Georgios Karalas, University Carlos III of Madrid, Dimitri Vayanos, London School of Economics
      Presenter: Georgios Karalas, University Carlos III of Madrid
      Discussant: Harrison Hong, Columbia University

3:15 pm - 3:40 pm
Break
Session Chair
Vidhi Chhaochharia
9:00 am - 9:35 am

Predictable Price Pressure, Samuel M. Hartzmark, University of Chicago, David H. Solomon, Boston College
      Presenter: Samuel M. Hartzmark, University of Chicago
      Discussant: Eric So, Massachusetts Institute of Technology

9:40 am - 10:15 am

Stock Market Stimulus, Robin Greenwood, Harvard University, Toomas Laarits, New York University, Jeffrey Wurgler, New York University
      Presenter: Jeffrey Wurgler, New York University
      Discussant: Jay Ritter, University of Florida

10:20 am - 10:55 am

Political Attitudes, Partisanship, and Merger Activity, Ran Duchin, Boston College, Abed El Karim Farroukh, University of Washington, Jarrad Harford, University of Washington, Tarun Patel, Southern Methodist University
      Presenter: Ran Duchin, Boston College
      Discussant: Petra Vokata, The Ohio State University

10:55 am - 11:30 am
Break
Session Chair
Gennaro Bernile
11:30 am - 12:05 pm

The Performance of Hedge Fund Performance Fees, Itzhak Ben-David, The Ohio State University, Justin Birru, The Ohio State University, Andrea Rossi, University of Arizona
      Presenter: Andrea Rossi, University of Arizona
      Discussant: Cristian Tiu, University at Buffalo

12:10 pm - 12:45 pm
Mutual Fund Revenue Sharing in 401(k) Plans, Veronika K. Pool, Vanderbilt University, Clemens Sialm, University of Texas at Austin, Irina Stefanescu, Board of Governors of the Federal Reserve System
      Presenter: Clemens Sialm, University of Texas at Austin
      Discussant: Nicole Boyson, Northeastern University
12:45 pm - 2:00 pm
Break
Session Chair
Stefanos Delikouras
2:00 pm - 2:35 pm
Model-free and Model-based Learning as Joint Drivers of Investor Behavior, Nicholas Barberis, Yale University, Lawrence Jin, California Institute of Technology
      Presenter: Lawrence Jin, California Institute of Technology
      Discussant: Chen Lian, University of California at Berkeley
2:40 pm - 3:15 pm
Resolving a Paradox: Retail Trades Positively Predict Returns but are Not Profitable, Brad M. Barber, University of California at Davis, Shengle Lin, San Francisco State University, Terrance Odean, University of California at Berkeley
      Presenter: Terrance Odean, University of California at Berkeley
      Discussant: Manasa Gopal, Georgia Institute of Technology
3:15 pm - 3:40 pm
Break
3:40 pm - 5:00 pm
Subjective Beliefs in Asset Pricing: Stefan Nagel, University of Chicago

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, Melina Murren Vosse at MMurren@bus.miami.edu and Claudio Rizzi at crizzi@miami.edu.