Behavioral Finance.

• Position: Program and Working Group Meetings

The NBER's Working Group on Behavioral Finance met in Cambridge on November 3. Working Group Director Nicholas Barberis of Yale University organized the meeting. These researchers' papers were presented and discussed:

* Augustin Landier, Toulouse School of Economics; Yueran Ma, Harvard University; and David Thesmar, MIT, "New Experimental Evidence on Expectations Formation"

* Lawrence J. Jin and Pengfei Sui, California Institute of Technology, "Asset Pricing with Return Extrapolation"

* Ned Augenblick, University of California, Berkeley, and Eben Lazarus, Harvard University, "Restrictions on Asset-Price Movements under Rational Expectations: Theory and Evidence"

* Christian Leuz, University of Chicago and NBER; Steffen Meier and Andreas Hackethal, Goethe University; Maximilian Muhn, Humboldt University; and Eugene F. Soltes, Harvard...