Program for HFS 2015

Sunday August 16, 2015

18:00 - 20:00 WELCOME RECEPTION at the Hotel Haven Terrace
Opening words by Aalto University School of Business Department of Finance Chair. Food and drink will be served.

Monday August 17, 2015

08:30 – 09:00 COFFEE
09:00 – 10:30 Session 1: EXPERIENCE
Chair: Maya Shaton (Federal Reserve Board of Governors)

The Effects of Experience on Investor Behavior: Evidence from India's IPO Lotteries
Vimal Balasubramaniam, Santosh Anagoly, Tarun Ramadorai

Discussant: Markku Kaustia (Aalto University School of Business)

Ephemeral Experiences, Long Lived Impact : Disasters and Portfolio Choice
Sreedhar T. Bharath, DuckKi Cho

Discussant: Kaveh Majlesi (Lund University)

10:30 – 11:00 BREAK
11:00 – 12:30 Session 2: ATTENTION
Chair: Sami Torstila (Aalto University School of Business)

Is Investor Attention for Sale? The Role of Advertising in Financial Markets
Joshua Madsen, Marina Niessner

Discussant: Maya Shaton (Federal Reserve Board of Governors)

The Display of Information and Household Investment Behavior
Maya Shaton (Federal Reserve Board of Governors)

Discussant: Alessandro Previtero (Ivey Business School, Western University)

12:30 – 14:00 LUNCH
2nd floor foyer / lobby
14:00 – 15:30 Session 3: RISK TAKING
Chair: Juhani Linnainmaa (University of Chicago Booth School of Business)

Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets
Sandra E. Black, Paul J. Devereux, Petter Lundborg and Kaveh Majlesi

Discussant: Matti Sarvimäki (Aalto University and VATT Institute for Economic Research)

When Saving is Gambling
Anthony Cookson (Leeds School of Business, University of Colorado at Boulder)

Discussant: Petri Jylhä (Imperial College London)

15:30 – 16:00 BREAK
16:00 – 17:00 KEYNOTE SPEECH
Individual investor behavior: What do we know and does it matter?

Professor Brad Barber (Gallagher Professor of Finance, Graduate School of Management, UC Davis)
Restaurant Havis, connected to Hotel Haven. Address: Unioninkatu 17.

Tuesday August 18, 2015

09:00 – 09:30 COFFEE
09:30 – 11:00 Session 4: FINANCIAL PRODUCTS
Chair: Kaveh Majlesi (Lund University)

Financial Advice and Bank Profits
Daniel Hoechle, Stefan Ruenzi, Nic Schaub and Markus Schmid

Discussant: Discussant: Petra Vokatá (Aalto University School of Business)

Procrastination, Present-Biased Preferences, and Financial Behaviors
Jeffrey R. Brown and Alessandro Previtero

Discussant: Cary Frydman (Marshall School of Business, University of Southern California)

11:00 – 11:15 BREAK
11:15 – 12:45 Session 5: CO-ORDINATION
Chair: Maya Shaton (Federal Reserve Board of Governors)

What Drives Peer Effects in Financial Decision-Making? Neural and Behavioral Evidence
Cary Frydman (Marshall School of Business, University of Southern California)

Discussant: Marja-Liisa Halko (Aalto University School of Business)

Dash for Cash: Month-End Liquidity Needs and the Predictability of Stock Returns
Kalle Rinne, Matti Suominen, Lauri Vaittinen and Erkko Etula

Discussant: Marina Niessner (Yale School of Management) of Kansas City

12:45 – 12:50 CLOSING WORDS
12:50 - LUNCH
2nd floor foyer / lobby

Program for HFS 2014

Program for HFS 2013

Program for HFS 2012

Program for HFS 2011