Program

June 10

8.30 – 9.00 am. WELCOME and COFFEE 

Session 1.   9.00 – 10.30 am.  Chair:  Tania Babina (UMD)

9.00 - 9.45 am. "AI-Powered (Finance) Scholarship"

Presenter: Robert Novy-Marx (Rochester) (joint with Mihail Velikov)

Discussant: Andrew Chen (Federal Reserve)

9.45 - 10.30 am. "Can Large Language Models Trade? AI Agents Competing in Stock Markets"

Presenter: Alejandro Lopez-Lira (University of Florida) 

Discussant: Leland Bybee (Chicago)

10.30 - 11.00 am. COFFEE BREAK

Session 2.   11.00 – 12.30 pm. Chair:  Gregor Schubert (UCLA)

11.00 - 11.45 am.   "Heterogeneity and Optimal Loan Pricing" 

Presenter: Deniz Aydin (WashU) (joint with Janis Skrastins and David Sraer)

Discussant: Paul Goldsmith-Pinkham (Yale)

11.45 - 12.30 pm.  "Robo-Advising Meets Large Language Models: Educating Investors on Alpha and Beta of Mutual Funds and Stocks"

Presenter: Fangzhou Lu (University of Hong Kong) 

Discussant: Nagpurnanand Prabhala (Johns Hopkins)

12.30 – 1.30 pm.  LUNCH

Session 3.   1.30 – 3.00 pm.  Chair:  Albert "Pete" Kyle (UMD)

1.30 - 2.15 pm.  "AI (ChatGPT) Democratization, Return Predictability, and Trading Inequality"

Presenter: Xi Dong (Baruch College) (joint with Anne Chang, Xiumin Martin, Changyun Zhou)

Discussant: Toomas Laarits (NYU)

2.15 - 3.00 pm.  "Generative AI and Asset Management"

Presenter: Jinfei Sheng (UC Irvine) (joint with Zheng Sun, Baozhong Yang, Alan Zhang)

Discussant: Xiaofei Zhao (Georgetown)

Session 4.   3.15 – 4.45 pm.  Chair:  Mark Chen (Georgia State)

3.15 - 4.00 pm.   "AI and the Labor Market"

Presenter: Bryan Seegmiller (Northwestern) (joint with Menaka Hampole, Dimitris Papanikolaou, Lawrence Schmidt)

Discussant: Wei Jiang (Emory)

4.00 - 4.45 pm.   "AI and the Extended Workday: Productivity, Contracting Efficiency, and Distribution of Rents"

Presenter: Rachel Xiao (Fordham) (joint with Wei Jiang, Junyoung Park, Shen Zhang)

Discussant: Miao Ben Zhang (USC)

5.00 – 7.00 pm. COCKTAIL RECEPTION

7.00 – 9.00 pm. DINNER