Program

Presentations are (mostly) 75 minutes long and follow a seminar format.

Session 1  (July 18, Saturday, Morning) - Bubbles and (Mis)valuations

• 8am                  Greetings and Catered Breakfast

• 8:30-9:45am           "The Ghost in the Machine: Generating Beliefs with Large Language Models" - Leland Bybee (Chicago)

• 10-11:15am            "What Is a Currency Worth?" - Mirela Sandulescu (UNC)

• 11:30-12:15pm      "Beliefs on Government Debt Valuation and Sustainability" - Recardo Delao (USC)      

Catered Lunch and Campus Walk

Session 2  (July 18, Saturday, Afternoon) - Assessing Beliefs 

• 1:30-2:45pm          "Bounding Models of Expectations" - Sean Myers (Wharton)

• 3-4:15pm "A Model-Free Assessment of the Importance of Subjective Beliefs for Asset Pricing" - Paymon Khorami (Duke) 

Drinks and Conference Dinner

Session 3  (July 19, Sunday, Morning) - Pricing Stocks

• 8am                        Catered Breakfast

• 8:30-9:45am          "The Cross-Section of Dividend Discount Rates" - Xinwei Li (UT Dallas) 

• 10-11:15am           "Out-of-Sample Investor Alphas and the Survival of the Anomaly Zoo"  - Andrei Gonçalves (OSU)

Catered Lunch 

Session 4  (July 19, Sunday, Afternoon) - Firm Manager's Perspective

• 12-1:15pm             "A Marked-Based Cost of Capital" - Theis Jensen (Yale)

• 1:30-2:15pm          "Asset Prices from the Managerial Perspective" - Thummim Cho (Korea U)

World Cup Finals and Dinner

Organizers: Thummim Cho, Ricardo Delao, Andrei Gonçalves, Lukas Kremens, Sean Myers