Program for the 9th Helsinki Finance Summit

Sunday August 18, 2019

Venue: GLO Hotel Kluuvi, Kluuvikatu 4, 2nd floor


Opening words by the Head of the Department of Finance, Professor Vesa Puttonen, Aalto University School of Business.

Food and drinks will be served. The conference room is located on the 2nd floor.

Monday August 19, 2019

Venue: Hotel Kämp, Pohjoisesplanadi 29, Meeting room Peilisali, 2nd floor

09:00 - 09:20 COFFEE
09:20 - 10:40 Session 1: Retirement Savings
  Chair: Petri Jylhä (Aalto University)
  Retirement Savings Adequacy in U.S. Defined Contribution Plans
  Enrichetta Ravina (Kellogg School of Management), Francisco Gomes (London Business School), Kenton Hoyem (Edelman Financial Engine) and Wei Hu (Edelman Financial Engine)
  Discussant: Markku Kaustia (Aalto University)
  Default Options and Retirement Saving Dynamics
  Taha Choukhmane (Yale University)
  Discussant: Anthony Cookson (University of Colorado at Boulder)
10:40 - 11:00 BREAK
11:00 - 12:20 Session 2: Heuristics and Biases
  Chair: Matti Suominen (Aalto University)
  Peak-Bust Rental Spreads
  Marco Giacoletti (USC Marshall School of Business) and Christopher Parsons (University of Washington)
  Discussant: Zhi Da (University of Notre Dame)
  Revealed Heuristics: Evidence from Investment Consultants' Search Behavior
  Soohun Kim (Georgia Institute of Technology), Sudheer Chava (Georgia Institute of Technology) and Daniel Weagley (Georgia Institute of Technology)
  Discussant: Samuli Knüpfer (BI Norwegian Business School)
12:20 - 13:40 LUNCH
Foyer lobby on the 2nd floor
13:40 - 15:40 Session 3: Experiments
  Chair: Sami Torstila (Aalto University)
  Investor Memory
  Katrin Gödker (Maastricht University), Peiran Jiao (Maastricht University) and Paul Smeets (Maastricht University)
  Discussant: Theresa Spickers (Aalto University)
  Household Portfolio Underdiversification and Probability Weighting: Evidence from the Field
  Kim Peijnenburg (EDHEC Business School and CEPR), Stephen Dimmock (Nanyang Technological University), Roy Kouwenberg (Mahidol University and Erasmus University Rotterdam) and Olivia Mitchell (University of Pennsylvania and NBER)
  Discussant: Peter Bossaerts (University of Melbourne)
  Learning without Trading
  Nic Schaub (WHU - Otto Beisheim School of Management), Markku Kaustia (Aalto University) and Markus Schmid (Swiss Institute of Banking and Finance, University of St. Gallen)
  Discussant: Clifton Green (Emory University)
15:40 - 16:00 BREAK
16:00 - 17:00 KEYNOTE SPEECH
  Towards Behavioral and Biological Foundations of Decisions with Uncertainty: A Mission Incomplete
  Peter Bossaerts (University of Melbourne)
Restaurant & Brewery Bryggeri Helsinki
  Sofiankatu 2, Helsinki


Tuesday August 20, 2019

Venue: Hotel Kämp, Pohjoisesplanadi 29, Meeting room Peilisali, 2nd floor

09:00 - 09:20 COFFEE
09:20 - 10:40 Session 4: Crime and Prejudice
  Chair: Matti Keloharju (Aalto University)
  Do Financial Misconduct Experiences Spur White-Collar Crime?
Tobin Hanspal (Research Center SAFE, Goethe University Frankfurt), Steffen Andersen (Copenhagen Business School and CEPR ) and Kasper Meisner Nielsen (Copenhagen Business School)
  Discussant: Ville Rantala (University of Miami)
  Unsuccessful Teams
  Renée Adams (University of Oxford) and Min Kim (University of Texas at Austin)
  Discussant: Matti Sarvimäki (Aalto University)
10:40 - 11:00 BREAK
11:00 - 13:00 Session 5: Friends and benefits
  Chair: Matthijs Lof (Aalto University)
  Friends with Bankruptcy Protection Benefits
Noah Stoffman (Indiana University), Kristoph Kleiner (Indiana University and FDIC) and Scott Yonker (Cornell University)
Discussant: Elias Rantapuska (Aalto University)
  Crowdsourcing Financial Information to Change Spending Behavior
  Alberto Rossi (Georgetown University), Francesco D'Acunto (Boston College) and Michael Weber (University of Chicago and NBER)
  Discussant: Michael Ungeheuer (Aalto University)
  Shale Shocked: The Long-Run Effect of Wealth on Household Debt
  Anthony Cookson (University of Colorado at Boulder), Erik Gilje (University of Pennsylvania and NBER) and Rawley Heimer (Boston College)
  Discussant: Mikael Paaso (Rotterdam School of Management)
13:00 - 13:05 CLOSING WORDS
13:05 - LUNCH
Foyer lobby on the 2nd floor


Venue: Presented in the conference room throughout the conference

  The Dynamic Impact of Anonymity on Unsophisticated Liquidity under Changing Information Asymmetry
  Yijie Li (Aalto University)
  Bad News from Other Industries: Overgeneralization and Analyst Belifes
  Rex Wang Renjie (Erasmus University Rotterdam)
  When Investors Call for Climate Responsibility, How Do Mutual Funds Fespond?
  Marco Ceccarelli (University of Zurich and Swiss Finance Institute), Stefano Ramelli (University of Zurich) and Alexander Wagner (University of Zurich, CEPR, ECGI and Swiss Finance Institute)
  Information Frictions in New Venture Finance: Evidence from Product Hunt Rankings
  Ruiqing Cao (Harvard University)



See also the programs for previous Summits:

Program for HFS 2018

Program for HFS 2017

Program for HFS 2016

Program for HFS 2015

Program for HFS 2014

Program for HFS 2013

Program for HFS 2012

Program for HFS 2011