Paper #1: The Market for Financial Adviser Misconduct
            --Mark Egan (Minnesota), Gregor Matvos (Chicago), Amit Seru (Stanford)
Discussant: Bruce Carlin (UCLA)

Paper #2: Corporate Culture: Evidence from the Field
            -- Jillian Popadak(Duke),Campbell Harvey(Duke) John Graham(Duke) Shivaram Rajgopal (Columbia)
Discussant: Luigi Zingales (Chicago)

SESSION #2 (Thursday 5:45-7:30 pm MST): Financial Markets
Session Chair: Shimon Kogan (IDC)

Paper #1: Size Discovery
               --Darrell Duffie (Stanford), Haoxiang Zhu (MIT)
Discussant: Kerry Back (Rice)

Paper #2: A Dynamic Theory of Mutual Fund Runs and Liquidity Management
               -- Yao Zeng (Washington)
Discussant: Konstantin Milbrandt (Northwestern)

Dinner
When: Thursday 7:30-9:30 pm, dinner served at 8:00 pm
Location: Golden Cliff/Eagles Nest

SESSION #3 (Friday 7:30-9:15 am MST): Investors' Preferences and Expectations
Session Chair: Lubos Pastor (Chicago)

Paper #1: Risk Preferences and the Macro Announcement Premium
               -- Hengjie Ai (Minnesota), Ravi Bansal (Duke)
Discussant: John Heaton (Chicago)


Paper #2: Harnessing the Wisdom of Crowds
              -- Zhi Da (Notre Dame), Xing Huang (Michigan State)
Discussant: Ken Ahern (USC)


SESSION #4 (Friday 5:45-7:30 pm MST): Uncertainty
Session Chair: Peter Demarzo (Stanford)

Paper #1: Embrace or Fear Uncertainty: Growth Options, Limited Risk Sharing, and Asset Prices
              --Winston Wei Dou (Wharton)
Discussant: Dimitris Papanikolaou (Northwestern)

Paper #2: The Finance-Uncertainty Multiplier
              -- Ivan Alfaro (Ohio State), Nicholas Bloom (Stanford), Xiaoji Lin (Ohio State)
Discussant: Toni Whited (Michigan)

Dinner
When: Friday 7:30-9:30 pm, dinner served at 8:00 pm
Location: Golden Cliff/Eagles Nest

SESSION #5 (Saturday 7:30-9:15 am MST): Real Estate
Session Chair: David Feldman (UNSW)

Paper #1: Asset-level Risk and Return in Real Estate Investments
               -- Jacob Sagi (North Carolina)
Discussant: Richard Stanton (Berkeley)

Paper #2: Identifying the Benefits from Home Ownership
               -- Paolo Sodini (Stockholm School of Econ), Stijn Van Nieuwerburgh (NYU), Roine Vestman
                     (Swedish House of Finance)