Conference On Behavioral Science

November 12-13, 2004
at Yale SOM, General Motors Room, 55 Hillhouse Avenue

Conference Organizers:
Nicholas Barberis, Christos Cabolis, Ravi Dhar, William Goetzmann & Robert Shiller

International Center for Finance,
Yale School of Management

We would like to thank the
Whitebox Advisors Grant for the Behavioral Finance
for making this conference possible

Friday, November 12th
Introduction to the Conference
8:50 - 9:00	Peter Salovey, Dean, Yale College
Session One: Behavioral Finance
Chair: Nicholas Barberis, Yale School of Management
9:00 - 10:00	Ulrike Malmendier, Stanford University, Superstar CEOs
	Discussant : Ray Fisman, Columbia University Click to listen to the presentations of the speaker and the discussant
10:00 - 10:15	Break
10:15 - 11:15	Jeremy Stein, Harvard University,The Only Game in Town: Stock-Price Consequences of Local Bias
	Discussant : Gur Huberman, Columbia University Click to listen to the presentations of the speaker and the discussant
11.15 - 11.20	Break
11.20 - 12.20	Stefano DellaVigna, University of California at Berkeley, Strategic Release of Information on Fridays: Evidence from Earnings Announcements
	Discussant: Owen Lamont, Yale SOM Click to listen to the presentations of the speaker and the discussant
Session two: Behavioral Economics
Chair: Robert Shiller, Yale University
2.00 - 3.00	John Leahy, New York University, The Absent-Minded Consumer
	Discussant : Hanming Fang, Yale University Click to listen to the presentations of the speaker and the discussant
3:00 - 3:15	Break
3:15 - 4:15	Roland Benabou, Princeton University, Incentives and Prosocial Behavioral
	Discussant :Truman Bewley, Yale Click to listen to the presentations of the speaker and the discussant
4.15 - 4.20	Break
4.20 - 5.20	Massimo Massa, INSEAD, Portfolio Diversification, Proximity Investment and City Agglomeration
	Discussant: Doug Rae, Yale SOM Click to listen to the presentations of the speaker and the discussant
Saturday, November 13th
Session three: Behavioral Decision Theory (Psychology and Marketing)
Chair: Ravi Dhar, Yale School of Management
8.30 - 9.30	Drazen Prelec , MIT, A Bayesian truth serum for subjective data
	Discussant : George Wu, University of Chicago Click to listen to the presentations of the speaker and the discussant
9.30 - 9.40	Break
9.40 - 10.40	Norbert Schwarz , University of Michigan, When thinking is Difficult: Metacognitive Experiences in Judgment and Decision Making
	Discussant : David Armor,Yale University Click to listen to the presentations of the speaker and the discussant
10.40 - 10.50	Break
10.50 - 11.50	George Loewenstein, Carnagie Mellon, The Ostrich Effect: Selective Exposure to Information about Investments
	Discussant: On Amir, Yale SOM Click to listen to the presentations of the speaker and the discussant
11.50 - noon	Break
noon - 1.00	David Schkade, University of California, San Diego, Loss Aversion in Predicted Utility
	Discussant: Nathan Novemsky, Yale SOM Click to listen to the presentations of the speaker and the discussant