Workshop in Behavioral Finance
November 10, 2000

Robert J. Shiller and Richard Thaler, Organizers

Nicholas Barberis, University of Chicago and NBER and Andrei Shleifer, Harvard University and NBER
"Style Investing"
     Discussant: Sanford Grossman, Quantitative Financial Strategies

Anna Scherbina, Northwestern University
"Stock Prices and Differences of Opinion: Empirical Evidence that Prices Reflect Optimism"
     Discussant: Richard Thaler, University of Chicago and NBER

Joseph Chen and Harrison Hong, Stanford University and Jeremy C. Stein, Harvard University and NBER
"Breadth of Ownership and Stock Returns"
     Discussant: Jeffrey Wurgler, Yale University

Brad Barber and Terrance Odean, UC, Davis and Lu Zheng, University of Michigan
"The Behavior of Mutual Fund Investors"
     Discussant: William Goetzmann, Yale University and NBER

Louis Chan, University of Illinios; Jason Karceski, University of Florida; and Josef Lakonishok, University of Illinios and NBER
"The Level and Persistene of Growth Rates"
     Discussant: Cliff Asness, AQR Capital Management LLC

Jeffrey Abarbanell, University of North Carolina and Reuven Lehavy, UC, Berkeley
"Biased Forecasts or Biased Earnings? The Role of Earnings Management in Explaining Apparent Optimism and Inefficiency in Analysts' Earnings Forecasts"
     Discussant: Jay Patel, Boston University

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