Workshop in Behavioral Finance
April 26, 1997

Robert J. Shiller and Richard Thaler, Organizers

Kent Daniel, Northwestern University; David Hirshleifer, University of Michigan and Avanidhar Subrahmanyam, UC, Los Angeles
"A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-reactions"
     Discussant: Werner De Bondt, University of Wisconsin

Nicholas Barberis, University of Chicago; Andrei Shleifer, Harvard University and NBER; and Robert Vishny, University of Chicago and NBER
"A Model of Investor Sentiment"
     Discussant: Drazen Prelec, MIT

F. Albert Wang, Columbia University
"Overconfidence, Delegated Fund Management, and Survival"
     Discussant: Terrance Odean, UC, Berkeley

Hersh Shefrin and Meir Statman, Santa Clara University
"Comparing Expectations About Stock Returns to Realized Returns"
     Discussant: Kenneth Froot, Harvard University and NBER

Charles M.C. Lee and Bhaskaran Swaminathan, Cornell University (Joint with James Meyers, University of Washington)
"What is the Intrinsic Value of the Dow?"
     Discussant: Robert Shiller, Yale University and NBER

François Degeorge, HEC School of Management; Jayendu Patel, Boston University; and Richard Zeckhauser, Harvard University and NBER
"Earnings Manipulation to Exceed Thresholds"
     Discussant: Shlomo Benartzi, UC, Los Angeles

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