Behavioral finance.

• Position: Program and Working Group Meetings - Brief article

The NBER's Working Group on Behavioral Finance met in Chicago on March 24-25. Working Group Director Nicholas C. Barberis of Yale University organized the meeting. These researchers' papers were presented and discussed:

* Juhani T. Linnainmaa, University of Southern California and NBER, and Michael R. Roberts, University of Pennsylvania and NBER, "The History of the Cross Section of Stock Returns" (NBER Working Paper No. 22894)

* Robin Greenwood and Andrei Shleifer, Harvard University and NBER, and Yang You, Harvard University, "Bubbles for Fama" (NBER Working Paper No. 23191)

* Ming Dong, York University (Toronto), and David Hirshleifer and Siew Hong Teoh, University of California, Irvine, "Stock Market Overvaluation, Moon Shots, and Corporate Innovation"

* Kent D...