Program

See below for the program of the 5th European Retail Investment Conference. The main conference takes place from April 11-12, 2019 at Börse Stuttgart, Germany. Presentations last 20 minutes, followed by 10 minutes discussion, and 5 minutes open questions.

To download a PDF version of the conference program please click here

 

Wednesday, April 10, 2019

 
 

19:00   

Wine Reception at Börse Stuttgart

  
 

First Conference Day: Thursday, April 11, 2019

 
 

8:30

Welcome Coffee and Registration at Börse Stuttgart  
 

9:30

Welcome Address  
 

Session 1: Retail and Crypto

 
 

9:55

Do 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
  
 

10:30

Who 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
  
 

11:05

Break 
 

Keynote

 
 

11:25

Keynote Presentation: The Fundamental Value of Bitcoins
Albert J. Menkveld
VU Amsterdam, Netherlends and Tinbergen Institute Amsterdam
 
 

12:30

Lunch Break 
 

Session 2: Behavioral Finance

 
 

13:45

Paying 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
 
 

14:20

Being 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
 
 

14:55

Reference-Dependent Return Chasing
Fabian Brunner* (1)
(1): University of Mannheim, Germany
Discussant: Maren Baars
 
 

15:30

Break 
 

Session 3: Investment Decisions

 
 

16:00

Learning 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
 
 

16:35

Daily 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

 
 

19:00

Reception at Weinstube Vetter 
 

19:30

Gala Dinner at Weinstube Vetter 
     
 

Second Conference Day: Friday, April 12, 2019

 
 

8:30

Welcome Coffee and Registration at Börse Stuttgart 
 

Session 4: Fintech

 
 

9:00

Algorithm 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
 
 

9:35

Alternative 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
 
 

10:10

Break 
 

Session 5: Asset Pricing

 
 

10:30

Diseconomies 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
 
 

11:05

Surprise in Short Interest
Esad Smajlbegovic* (1), Pavel Lesnevski (2)
(1): Erasmus University Rotterdam, Netherlands (2): University of Mannheim, Germany
Discussant: Martin Rohleder
 
 

11:40

Lunch Break 
 

Session 6: Household Finance

 
 

12:30

Perceived 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
 
 

13:05

How 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
 
 

13:40

End

 
 

*Presenting Author

 
 
 
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