Behavioral Finance.

• Position: Program and Working Group Meetings

Members of the NBER's Behavioral Finance Working Group met April 9 in Chicago and online. Working Group Director Nicholas C. Barberis of Yale University organized the meeting, which was supported by Fuller and Thaler Asset Management and Bracebridge Capital. These researchers' papers were presented and discussed:

* Sheridan Titman, University of Texas at Austin and NBER, and Lin Peng, Muhammed Yonac, and Dexin Zhou, Baruch College, "Social Ties and Predictable Returns"

* Pedro Bordalo, University of Oxford; Katherine B. Coffman, Harvard University; Nicola Gennaioli, Bocconi University; and Andrei Shleifer, Harvard University and NBER, "Imagining the Future: Memory, Simulation, and Beliefs about COVID"

* Taha Choukhmane, Massachusetts Institute of Technology and NBER, and Tim de Silva, Massachusetts Institute of Technology, "What Drives Investors' Portfolio Choices? Separating Risk...