Workshop in Behavioral Finance
February 3, 1995

Robert J. Shiller and Richard Thaler, Organizers

Rafael Laporta, Harvard University; Josef Lakonishok, University of Illinois; Andrei Shleifer, Harvard University and NBER; and Robert Vishny, University of Chicago and NBER
"Good News for Value Stocks: Further Evidence on Market Efficiency"

Kent Danie, University of Chicago and Sheridan Titman, Boston College
"Evidence on the Characteristics of Cross Sectional Variation in Stock Returns"
     Discussant: Kenneth French, Yale University and NBER

David Dreman, Dreman Foundation and Michael Berry, James Madison University
"Investor Overreaction and the Low P/E Effect"
     Discussant: Werner De Bondt, University of Wisconsin

Lawrence Ausubel, University of Maryland
"The Credit Card Market Revisited"
     Discussant: Stewart Myers, MIT and NBER

Hersh Shefrin and Meir Statman, Santa Clara University
"Behavioral Portfolio Theory"
     Discussant: Drazen Prelec, MIT

René Stulz, Ohio State University and NBER and Jun-koo Kang, University of Rhode Island
"Why is there a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan"
     Discussant: James Poterba, MIT and NBER

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