Workshop in Behavioral Finance
May 14, 1993

Robert J. Shiller and Richard Thaler, Organizers

James N. Bodurtha, Jr., University of Michigan; and Dong-soon Kim, Ssang Yong Research Institute; and Charles M.C. Lee, University of Michigan
"Closed-end Country Funds and U.S. Market Sentiment"
     Discussant: Richard Zeckhauser, Harvard University and NBER

François Degeorge, Harvard University
"Fad Behavior in Initial Public Offerings: Evidence from IPOs Issued Before and After the Stock Market Crash"
     Discussant: Werner De Bondt, University of Wisconsin, Madison

Narasimhan Jegadeesh and Sheridan Titman, UC, Los Angeles
"Overreaction, Delayed Reaction, and Contrarian Profits"
     Discussant: Robert J. Shiller, Yale University and NBER

Andrei Shleifer, Harvard University and NBER and Robert Vishny, University of Chicago and NBER (Joint with Josef Lakonishok)
"Contrarian Investment, Extrapolation, and Risk"
     Discussant: Richard Thaler, Cornell University and NBER

Robert S. Chirinko, Federal Reserve Bank of Kansas City and Huntley Schaller, Carleton University
"Bubbles, Fundamentals, and Investments: a Multiple Equation Specification Testing Strategy"
     Discussant: David Scharfstein, MIT and NBER

Kaushik Amin and H. Nejat Seyhun, University of Michigan
"Is There Positive Feedback Trading in the Index Options Markets?"
     Discussant: Jeremy Stein, Harvard and NBER

Sponsored by:
Russell Sage Foundation and National Bureau of Economic Research