Behavioral Finance.

• Position: Program and Working Group Meetings - Conference news - Brief article

The NBER's Working Group on Behavioral Finance met in Cambridge on November 5. Director Nicholas C. Barberis of Yale University organized the meeting. These researchers' papers were presented and discussed:

* Ulrike Malmendier, University of California, Berkeley, and NBER; Demian Pouzo, University of California, Berkeley; and Victoria Vanasco, Stanford University, "A Theory of Experience Effects"

* Chen Lian, MIT, and Yueran Ma and Carmen Y. Wang, Harvard University, "Low Interest Rates and Risk Taking: Evidence from Individual Investment Decisions"

* Anthony A. DeFusco and Charles G. Nathanson, Northwestern University, and Eric Zwick, University of Chicago and NBER, "Speculative Dynamics of Prices and Volume"

* Antonio Gargano, University of Melbourne, and Alberto G. Rossi, University of Maryland, "Does it Pay to Pay...