Workshop in Behavioral Finance
February 21, 1992

Robert J. Shiller and Richard Thaler, Organizers

Andrei Shleifer, Harvard University and NBER (Joint with Josef Lakonishok and Robert Vishny)
"The Structure and Performance of the Money Management Industry"
     Discussant: Jeremy Stein, MIT and NBER

Charles M.C. Lee, University of Michigan (Joint with Mark Ready and Paul Seguin)
"Volume, Volatility, and NYSE Trading Halts"
     Discussant: David Cutler, Harvard University and NBER

Karl Case, Wellesley College, and Robert Shiller, Yale University and NBER (Joint with Allan Weiss)
Index-Based Futures and Options Markets in Real Estate"
     Discussant: James Poterba, MIT and NBER

J. Bradford De Long, Harvard University and NBER (Joint with Marco Becht)
"'Excess Volatility' and the Gennan Stock Market, 1876-1990"
     Discussant: Werner De Bondt, University of Wisconsin, Madison

Drazen Prelec, MIT (Joint with George Loewenstein)
"Preferences for Sequences of Outcome"
     Discussant: John Pratt, Harvard University

Peter Diamond, MIT and NBER, and Drazen Prelec, MIT (Joint with Eldar Shafir and Amos Tversky)
"On Money Illusion"
     Discussant: Richard Thaler, Cornell University and NBER

Sponsored by
Russell Sage Foundation and National Bureau of Economic Research