Economics of Asset Pricing - Research Papers 2015

Asset Pricing Theory (G1)


Presiding: JESSICA WACHTER (University of Pennsylvania)

Leisure Preferences, Long-Run Risks, and Human Capital Returns
ROBERT DITTMAR (University of Michigan)
FRANCISCO PALOMINO (University of Michigan)
WEI YANG (University of Indiana)
[View Abstract] [Download Preview]

New Entropy Restrictions and the Quest for Better Specified Asset Pricing Models
GURDIP BAKSHI (University of Maryland)
FOUSSENI CHABI-YO (Ohio State University)
[View Abstract] [Download Preview]

Asset Prices and Business Cycles with Financial Shocks
MAHDI NEZAFAT (Michigan State University)
CTIRAD SLAVIK (Goethe University Frankfurt)
[View Abstract]
Discussants:
STIJN VAN NIEUWERBURGH (New York University)
ADRIEN VERDELHAN (Massachusetts Institute of Technology)
ZHIGUO HE (University of Chicago)


Topics in Asset Pricing (G1)

Presiding: ROBERT HODRICK (Columbia University)

Quality Minus Junk
CLIFF ASNESS (AQR Capital)
ANDREA FRAZZINI (AQR Capital)
LASSE PEDERSEN (Copenhagen Business School)
[View Abstract] [Download Preview]

Stock Market Valuations Across U.S. States
GEERT BEKAERT (Columbia University)
CAMPBELL R. HARVEY (Duke University)
CHRISTIAN LUNDBLAD (University of North Carolina)
STEPHAN SIEGEL (University of Washington)
[View Abstract]

Horizon Effects in Average Returns: The Role of Slow Information Diffusion
OLIVER BOGUTH (Arizona State University)
MURRAY CARLSON (University of British Columbia)
ADLAI FISHER (University of British Columbia)
MIKHAIL SIMUTIN (University of Toronto)
[View Abstract] [Download Preview]

Option-Based Estimation of Co-Skewness and Co-Kurtosis Risk Premia
KRIS JACOBS (University of Houston)
PETER CHRISTOFFERSEN (University of Toronto)
MEHDI KAROUI (OMERS)
MATHIEU FOURNIER (HEC Montreal)
[View Abstract] [Download Preview]
Discussants:
JULES VAN BINSBERGEN (Stanford University)
RALPH KOIJEN (London Business School)
ZHONJIN LU (University of Georgia)
XIAOYAN ZHANG (Purdue University)


Asset Pricing under Heterogeneous Beliefs (G1)

Presiding: SULEYMAN BASAK (London Business School)

Value or Growth? Pricing of Idiosyncratic Cash Flow Risk with Heterogeneous Beliefs
HOGYU JHANG (Texas A&M University)
HWAGYUN KIM (Texas A&M University)
MICHAEL GALLMEYER (University of Virginia)
[View Abstract] [Download Preview]

Asset Prices and Portfolio Choice with Learning from Experience
PAUL EHLING (BI Norwegian Business School)
ALESSANDRO GRANIERO (London Business School)
CHRISTIAN HEYERDAHL-LARSEN (London Business School)
[View Abstract] [Download Preview]

Dynamic Equilibrium with Rare Events and Heterogeneous Epstein-Zin Investors
GEORGY CHABAKAURI (London School of Economics)
[View Abstract]

Dynamic Noisy Rational Expectations Equilibria with Anticipative Information
JEROME DETEMPLE (Boston University)
MARCEL RINDISBACHER (Boston University)
THU TRUONG (Boston University)
[View Abstract] [Download Preview]
Discussants:
HONGJUN YAN (Yale University)
NICOLAE GARLEANU (University of California-Berkeley)
ILARIA PIATTI (University of Oxford)
BRETT GREEN (University of California-Berkeley)


Empirical Asset Pricing: Long Run Risk and Funding Risk (G1)


Presiding: PIETRO VERONESI (University of Chicago)

Business-Cycle Consumption Risk and Asset Prices
FEDERICO BANDI (Johns Hopkins University)
ANDREA TAMONI (London School of Economics)
[View Abstract] [Download Preview]

Short-Run and Long-Run Consumption Risks, Dividend Processes and Asset Returns
JUN LI (University of Texas-Dallas)
HAROLD ZHANG (University of Texas-Dallas)
[View Abstract] [Download Preview]

Monetary Policy Risks in the Bond Markets and Macroeconomy
IVAN SHALIASTOVICH (University of Pennsylvania)
RAM YAMARTHY (University of Pennsylvania)
[View Abstract]

International Funding Liquidity
AYTEK MALKHOZOV (McGill University)
PHILIPPE MUELLER (London School of Economics)
ANDREA VEDOLIN (London School of Economics)
GYURI VENTER (Copenhagen Business School)
[View Abstract] [Download Preview]
Discussants:
STEFANO GIGLIO (University of Chicago)
AMIR YARON (University of Pennsylvania)
PIERLUIGI BALDUZZI (Boston College)
JEAN-SEBASTIEN FONTAINE (Bank of Canada)

https://www.aeaweb.org/aea/2015conference/program/preliminary.php

Economics of Household Decisions in Finance - Research Papers 2015

Retirement Savings and Household Decisions (E2)

Presiding: OLIVIA MITCHELL (University of Pennsylvania)

Liquidity in Retirement Savings Systems: An International Comparison
JOHN BESHEARS (Harvard Business School)
JAMES CHOI (Yale University)
CHRISTOPHER HARRIS (University of Cambridge)
DAVID LAIBSON (Harvard University)
BRIGITTE C. MADRIAN (Harvard University)
[View Abstract] [Download Preview]

The Composition Effect of Consumption Around Retirement: Evidence from Singapore
SUMIT AGARWAL (National University of Singapore)
JESSICA PAN (National University of Singapore)
WENLAN QIAN (National University of Singapore)
[View Abstract]

Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes
CLEMENS SIALM (University of Texas-Austin)
LAURA STARKS (University of Texas-Austin)
HANJIANG ZHANG (Nanyang Technological University)
[View Abstract] [Download Preview]

The Retirement Consumption Puzzle in China
HONGBIN LI (Tsinghua University)
XINZHENG SHI (Tsinghua University)
BINZHEN WU (Tsinghua University)
[View Abstract] [Download Preview]
Discussants:
CHRISTOPHER CARROLL (Johns Hopkins University)
JEFFREY R. BROWN (University of Illinois-Urbana-Champaign and NBER)
JEREMY TOBACMAN (University of Pennsylvania)
EUGENE AMROMIN (Federal Reserve Bank of Chicago)




Household Risk, Credit, and Insurance (E2)

Presiding: FELICIA IONESCU (Federal Reserve Board)
Risky, Lumpy Human Capital in Household Portfolios
KARTIK B. ATHREYA (Federal Reserve Bank of Richmond)
FELICIA IONESCU (Federal Reserve Board)
URVI NEELAKANTAN (Federal Reserve Bank of Richmond)
[View Abstract] [Download Preview]

No One Saw This Coming: Inferring Income and Wealth Risks from Consumption Choices during the Great Recession
MARNIX AMAND (Universite de Lausanne)
[View Abstract]

Modeling the Revolving Revolution: The Role of IT Reconsidered
LUKASZ DROZD (University of Pennsylvania)
RICARDO SERRANO-PADIAL (University of Wisconsin-Madison)
[View Abstract] [Download Preview]

Evaluating Long-Term-Care Policy Options, Taking the Family Seriously
DANIEL BARCZYK (McGill University)
MATTHIAS KREDLER (Universidad Carlos III Madrid)
[View Abstract] [Download Preview]


Insurance and Behavioral Economics: Policy Implications (D1, G2)

Presiding: HOWARD KUNREUTHER (University of Pennsylvania)


Procrastination, Present-Biased Preferences, and Financial Behaviors
JEFFREY R. BROWN (University of Illinois-Urbana-Champaign and NBER)
ALESSANDRO PREVITERO (University of Western Ontario)
[View Abstract] [Download Preview]

Experiments on the Role of Emotions in Insurance Decision Making: Implications for Behavioral Welfare Economics
HOWARD KUNREUTHER (University of Pennsylvania)
MARK PAULY (University of Pennsylvania)
[View Abstract] [Download Preview]

Deterrents to Insurance Purchases: Distrust and Zero Aversion
RICHARD J. ZECKHAUSER (Harvard University)
ALEXANDRA DE FILIPPO (Harvard University)
JIYOUNG HAN (Harvard University)
CLAUDIA NEWMAN-MARTIN (Harvard University)
TIMOTHY CHESTON (Harvard University)
[View Abstract] [Download Preview]
Discussants:
DAVID LAIBSON (Harvard University)
ROBERT SHILLER (Yale University)
MAUREEN CROPPER (University of Maryland)


https://www.aeaweb.org/aea/2015conference/program/preliminary.php

Economics of Natural Resource Use: Benefits, Costs and Policy Response - Research Papers 2015

Econometric Society

Natural Resource Use: Benefits, Costs and Policy Response (Q3)

Presiding: JUDITH CHEVALIER (Yale University)


The Short-Term Population Health Effects of Weather and Pollution: Implications of Climate Change
NICOLAS R. ZIEBARTH (Cornell University)
[View Abstract]

Winning the Oil Lottery: The Impact of Natural Resource Extraction on Growth
TIAGO V. CAVALCANTI (University of Cambridge)
DANIEL DA MATA (University of Cambridge)
FREDERIK GIANCARLO TOSCANI (University of Cambridge)
[View Abstract] [Download Preview]


Diesel Cars and Environmental Policy
ANDERS MUNK-NIELSEN (University of Copenhagen)
[View Abstract] [Download Preview]


Dynamic Natural Monopoly Regulation: Time Inconsistency, Asymmetric Information, and Political Environments
CLAIRE LIM (Cornell University)
ALI YURUKOGLU (Stanford University)
[View Abstract] [Download Preview]


https://www.aeaweb.org/aea/2015conference/program/preliminary.php

Economics of Labor & Employment Relations - Research Papers - 2015

LERA Papers I: Discrimination and Segregation: Measurement, Detection, and Litigation (J8)
Presiding: BARBARA LEE (Rutgers University)
The Disability Employment Puzzle: A Field Experiment on Employer Hiring Behavior
MASON AMERI (Rutgers University)
LISA SCHUR (Rutgers University)
MEERA ADYA (Syracuse University)
SCOTT BENTLEY (Rutgers University)
DOUGLAS L. KRUSE (Rutgers University)
[View Abstract] [Download Preview]
Occupational Gender Representation in Canada
SAMI BIBI (Independent Labor Researcher)
[View Abstract]
How Viable is Resolving Hispanic Employment Discrimination through Litigation?
HELEN LAVAN (DePaul University)
[View Abstract] [Download Preview]
Discussants:
BARBARA LEE (Rutgers University)
VALERIE WILSON (Economic Policy Institute)
WILLIAM RODGERS III (Rutgers University)



LERA/IAFFE Papers II: The Work-Family Interface (J1)
Presiding: MARLENE KIM (University of Massachusetts-Boston)
Availability of Family-Friendly Work Practices and Implicit Wage Costs: New Evidence from Canada
ALI FAKIH (Lebanese American University)
[View Abstract] [Download Preview]
The Effect of Paid Family Leave on Employment and Earnings Volatility: Evidence from California
MICHAEL CARR (University of Massachusetts-Boston)
EMILY WIEMERS (University of Massachusetts-Boston)
[View Abstract]
Bringing Home the Bacon: Unpacking the Relationship between Breadwinner Status and Salary
COLLEEN MANCHESTER (University of Minnesota)
LISA LESLIE (New York University)
PATRICIA CAULFIELD DAHM (University of Minnesota)
[View Abstract]
Discussants:
ALAN BENSON (University of Minnesota)
TONY FANG (Monash University)
JESSICA MILLI (Institute for Women's Policy Research)



LERA Papers III: Labor and the Macro and Regional Economies (J1)
Presiding: MARK PRICE (Keystone Research Center)
Economic Development in the Massachusetts Life Sciences Cluster: Shared Prosperity or a Big Tradeoff?
BRANDYN HOLGATE (University of Massachusetts-Boston)
[View Abstract]
CEO Compensation and Mortgage Origination in the Banking Industry
YUANYUAN SUN (University of Illinois-Urbana-Champaign)
[View Abstract]
Labor Relations in a Financialized Economy: Investigating the Effects of Corporate and Household Finance
BERT AZIZOGLU (New School)
[View Abstract]
Apprenticeship to Entrepreneurship: A Role for Business Schools
CIHAN BILGINSOY (University of Utah)
ZHAO JIN (University of Utah)
[View Abstract]
Discussants:
MARK PRICE (Keystone Research Center)


LERA Papers IV: Stakeholder and Shareholder Voice: Outcomes for Competitiveness, Development, and Social Responsibility (J4)
Presiding: BETTY BARRETT (Massachusetts Institute of Technology)
The Influence of Employee Unions on Corporate Social Performance
MUHAMMAD UMAR BOODOO (University of Toronto)
[View Abstract]
Work Organization and Problem Solving in Stakeholder and Shareholder Environments
HEIKE NOLTE (University of Applied Sciences Emden)
PETER DORMAN (Evergreen State College)
[View Abstract]
Discussants:
BETTY BARRETT (Massachusetts Institute of Technology)
ALAN BENSON (University of Minnesota)
JESSICA NEMBHARD (City University of New York)



LERA Papers V: Industry and Occupation Studies of Employment Relations (J1)
Presiding: DAVID LEWIN (University of California-Los Angeles)
The Impacts of Unionization and Occupational Regulation Coverage on Employee Compensation in Canada
TINGTING ZHANG (University of Toronto)
XIAOYU HUANG (University of Toronto)
[View Abstract]
How to Screen Miners' Skills: Recruiting in the Coal Mining in Early Twentieth Century Japan
MAYO SAKAI (University of Tokyo)
[View Abstract] [Download Preview]
Unionism and Productivity in West Virginia Coal Mining: A Longer View
WILLIAM BOAL (Drake University)
[View Abstract] [Download Preview]
Occupational and Industrial Mobility among U.S. Truck Drivers: Are Truckers Different from other Blue Collar Workers?
STEPHEN BURKS (University of Minnesota-Morris)
KRISTEN MONACO (U.S. Bureau of Labor Statistics)
[View Abstract] [Download Preview]
Discussants:
HOWARD WIAL (Brookings Institution)
PETER ORAZEM (Iowa State University)


Labor & Employment Relations Association
LERA Papers VI: Job Quality and Job Satisfaction (J4)
Presiding: FRANÇOISE CARRÉ (University of Massachusetts-Boston)
Union Membership and Job Satisfaction: First Evidence from French Linked Employer-Employee Data
PATRICE LAROCHE (Europe Business School-Paris)
[View Abstract] [Download Preview]
Within and between Firm Trends in Job Polarization: Role of Globalization and Technology
SARI PEKKALA KERR (Wellesley College)
TERHI MACZULSKIJ (University of Jyvaskyla)
MIKA MALIRANTA (ETLA)
[View Abstract]
The Union Wage Premium in Canada's Private Sector from 1997 to 2012
EYOB FISSUH (Human Resources and Skills Development Canada)
CRAIG ESCHUK (Employment and Social Development Canada)
[View Abstract]
The Effect of Market-Based Policy Change on Job Quality: Direct Care Work in a Context of Managed Care
ELIZABETH NISBET (Rutgers University)
[View Abstract]
Discussants:
PETER DORMAN (Evergreen State College)
EILEEN APPELBAUM (Center for Economic and Policy Research)



LERA Papers VII: Employment Relations and Organizational Performance (J5)
Presiding: PHANINDRA V. WUNNAVA (Middlebury College)
Empirical Evidence on Diversity and Performance in Teams: The Roles of Task Focus, Status and Tenure
AVNER BEN-NER (University of Minnesota)
JOHN-GABRIEL LICHT (University of Minnesota)
JIN PARK (University of Minnesota)
[View Abstract]
Positive Labor Relations as a Key Component of Seaport Competitiveness
JORDAN COWMAN (University of Texas-Dallas)
JERALD ZELLHOEFER (AFL-CIO)
[View Abstract] [Download Preview]
Assessing Union Activities and Its Influence on Performance of Unionized Firms in Ghana
GABRIEL DWOMOH (Kumasi Polytechnic)
KOFI KWARTENG (Takoradi Polytechnic)
[View Abstract] [Download Preview]
Relational Coordination: Reviewing the Theory and Evidence
JODY HOFFER GITTELL (Brandeis University)
CAROLINE LOGAN (Brandeis University)
[View Abstract]
Discussants:
PHANINDRA V. WUNNAVA (Middlebury College)
CHRISTINE BISHOP (Brandeis University)


LERA Papers VIII: Micro and Macro Effects of Employer-Provided Job Benefits (J3)
Presiding: JAMES BANG (St. Ambrose University)
Rethinking Employment Relations: The Social Bargain, Pensions, and Price Stability
AARON PACITTI (Siena College)
[View Abstract] [Download Preview]
Is There a Link between Employer-Provided Health Insurance and Job-Mobility? Evidence from Recent Micro Data
BENJAMIN CHUTE (Middlebury College)
PHANINDRA V. WUNNAVA (Middlebury College)
[View Abstract]
Exploring the Relationship of Employment Benefits to the Financial Burden and Health Outcomes of Certain Blood Cancer Patients
GREGORY A. ABEL (Dana-Farber Cancer Institute and Harvard University)
RANDY ALBELDA (University of Massachusetts-Boston)
DIANA SALAS CORONADO (University of Massachusetts-Boston)
[View Abstract]
Discussants:
JAMES BANG (St. Ambrose University)
FRANÇOISE CARRÉ (University of Massachusetts-Boston)
CRUZ BUENO (Siena College)

https://www.aeaweb.org/aea/2015conference/program/preliminary.php

Returns to Child and Education Interventions - Research Papers 2015

Jan 05, 2015 1:00 pm, Boston Marriott Copley, Tufts
Society of Government Economists

Returns to Child and Education Interventions (I2, D1)

Presiding: QUENTIN WODON (World Bank)

Returns to Schooling around the World
HARRY ANTHONY PATRINOS (World Bank)
CLAUDIO E. MONTENEGRO (University of Chile)
[View Abstract] [Download Preview]

Measuring the Economic Cost of Child Marriage
QUENTIN WODON (World Bank)
[View Abstract]
Demystifying the East Asian Education Tigers
ELIZABETH KING (World Bank)
HALSEY ROGERS (World Bank)
[View Abstract]

The Impact of Early Childhood Shocks on the Evolution of Cognitive and Non-cognitive Skills
JESSICA LEIGHT (Williams College)
PAUL GLEWWE (University of Minnesota)
ALBERT PARK (Hong Kong University of Science and Technology)
[View Abstract] [Download Preview]
Discussants:
ELIZABETH KING (World Bank)
QUENTIN WODON (World Bank)
PAUL GLEWWE (University of Minnesota)
HARRY ANTHONY PATRINOS (World Bank)

https://www.aeaweb.org/aea/2015conference/program/preliminary.php

Professor Robert Butler Wilson - Biography and Contribution

Date of Birth 16 May 1937

Economics

Professor Emeritus, Stanford Business School



BOOK
Nonlinear Pricing. New York: Oxford University Press, 1993. ISBN 0-19-506885-8.
Paperback edition 1997.
Reviewed by Richard Schmalensee, Journal of Political Economy, December
1994, 102(6): 1288-1291; and by John C. Panzar, Journal of Economic
Literature, September 1995, 33(3): 1339-1341. Selected by the editors of the
Journal of Business as the 1995 winner of the Leo Melamed Prize, awarded
biannually by the Graduate School of Business of the University of Chicago for
“outstanding scholarship by a business professor.”


Publications

"Investment Analysis under Uncertainty," Management Science, Vol. 15, No. 12
(August 1969), pp. B650-B664. Reprinted in Stochastic Optimization Models in
Finance, W. Ziemba and R. Vickson (eds.), Academic Press, 1975; republished by
World Scientific Publishing, 2006, ISBN 981-256-800-X.
"The Postulates of Game Theory," co-authored with Stefan Bloomfield, Journal of
Mathematical Sociology, Vol. 2 (1972), pp. 221-234.
"Computing Equilibria of Two-Person Games from the Extensive Form,"
Management Science, Vol. 18, No. 7 (March 1972), pp. 448-460.
"The Game-Theoretic Structure of Arrow's General Possibility Theorem," Journal of
Economic Theory, Vol. 5, No. 1 (August 1972) pp. 14-20.
doi:10.1016/0022-0531(72)90115-9



http://faculty-gsb.stanford.edu/wilson/CV/Wilson,Robert-CV-Chronological-January%202014.pdf

Behavioral Economics and Finance - Video Presentations

Behavioral economics - helping people make better decisions by avoiding mistakes committed to behavioral biases that are occurring more frequently.

2014
Nicholas Barberis - Master Class on Behavioral Finance
http://som.yale.edu/news/news/prof-nicholas-barberis-introduces-core-principles-behavioral-finance

2008 Lecture by Richard Thaler
on his book Nudge
__________________________

__________________________
Talks@Google

Laws of Capitalism

2014
Critic of Piketty's Second Law of Capitalism
http://www.businessweek.com/articles/2014-06-06/is-pikettys-second-law-of-capitalism-really-a-law#r=hpt-fs