Program 2019

Wednesday, April 10, 2019
19:00   Wine Reception at Börse Stuttgart
First Conference Day:
Thursday, April 11, 2019
 
8:30Welcome Coffee and Registration at Börse Stuttgart
9:30Welcome Address
Session 1:
Retail and Crypto
 
9:55Do individual investors consciously speculate on reversals? Evidence from leveraged warrant trading.
Miklós Farkas* (1), Kata Váradi (2)
(1): University of Bristol, United Kingdom
(2): Corvinus University of Budapest, Hungary
Discussant: Tobin Hanspal
10:30Who are the Bitcoin Investors? Evidence from Indirect Cryptocurrency Investments
Tobin Hanspal* (1), Dominique M. Lammer (1), Andreas Hackethal (1)
(1): Goethe University Frankfurt, Germany
Discussant: Miklós Farkas
11:05Break
Keynote  
11:25Keynote Presentation: The Fundamental Value of Bitcoins
Albert J. Menkveld
VU Amsterdam, Netherlends and Tinbergen Institute Amsterdam
12:30Lunch Break
Session 2:
Behavioral Finance
 
13:45Paying Attention
Matthias Pelster* (1), Marc Arnold (2), Marti Subrahmanyam (3)
(1): Paderborn University, Germany
(2): University of St. Gallen, Switzerland
(3): New York University, United States of America
Discussant: Fabian Brunner
14:20Being an Expert when there are no Experts: The Impact of Knowledge Illusion on Probability Weighting
Maren Baars* (1), Michael Goedde-Menke (1)
(1): University of Münster, Germany
Discussant: Matthias Pelster
14:55Reference-Dependent Return Chasing
Fabian Brunner* (1)
(1): University of Mannheim, Germany
Discussant: Maren Baars
15:30Break
Session 3:
Investment Decisions
 
16:00Learning from Noise: Evidence from India’s IPO Lotteries
Vimal Balasubramaniam* (1), Santosh Anagol (2), Tarun Ramadorai (3)
(1):University of Warwick, United Kingdom
(2):University of Pennsylvania, United States of America (3):Imperial College London, United Kingdom
Discussant: Stefan Ruenzi
16:35Daily Winners and Losers
Stefan Ruenzi* (1), Alok Kumar (2), Michael Ungeheuer (3)
(1): University of Mannheim, Germany (2): University of Miami, United States of America (3): Aalto University,
Finland
Discussant: Vimal Balasubramaniam
  
Gala Dinner  
19:00Reception at Weinstube Vetter
19:30Gala Dinner at Weinstube Vetter
  
Second Conference Day:
Friday, April 12, 2019
 
8:30Welcome Coffee and Registration at Börse Stuttgart
Session 4:
Fintech
 
9:00Algorithm Aversion in Financial Investing
Christoph Merkle* (1), Maximilian Germann (2)
(1): Kühne Logistics University, Germany (2): University of Mannheim, Germany University, United States of America
Discussant: Vesa Pursiainen
9:35Alternative Facts in Peer-to-Peer Loans? Borrower Misreporting Dynamics and Implications
Vesa Pursiainen* (1)
(1): Imperial College London, United Kingdom and
University of Hong Kong, Hong Kong
Discussant: Christoph Merkle
10:10Break
Session 5:
Asset Pricing
 
10:30Diseconomies of Scale, Information Processing and Hierarchy Costs: Evidence from Asset Management
Martin Rohleder* (1), Richard B. Evans (2), Hendrik Tentesch (1), Marco Wilkens (1)
(1): University of Augsburg, Germany
(2): University of Virginia, United States of America
Discussant: Esad Smajlbegovic
11:05Surprise in Short Interest
Esad Smajlbegovic* (1), Pavel Lesnevski (2)
(1): Erasmus University Rotterdam, Netherlands
(2): University of Mannheim, Germany
Discussant: Martin Rohleder
11:40Lunch Break
Session 6:
Household Finance
 
12:30Perceived Attractiveness of Structured Financial Products: The Role of Presentation Format and Reference Instruments
Martin Wallmeier* (1), Vladimir Anic (1)
(1): University of Fribourg, Switzerland
Discussant: Henning Cordes
13:05How the Provision of Inflation Information Affects Pension Contributions: A Field Experiment
Henning Cordes* (1), Thomas Langer (1)
(1): University of Münster, Germany
(2): University of Mannheim, Germany
Discussant: Martin Wallmeier
13:40End
*Presenting Author