Apr 30 - May 1, 2010

New York University
Stern School of Business
New York, NY

Organizers: Viral Acharya (NYU) and Adriano Rampini (Duke University)

2nd Members Meeting of the Finance Theory Group


Friday, April 30, 2010
 7:00pm − 9:00pm Dinner
(NYU’s Torch Club, 18 Waverly Place, New York, NY, 212-998-6724)
Saturday, May 1, 2010
8:00am − 9:00am Breakfast
(Gardner Commons, Shimkin Lobby)
9:00am − 10:00am Commitment Contracts
by Philip Bond and Gustav Sigurdsson
10:00am − 11:00am Rewarding Trading Skills Without Inducing Gambling
by Igor Makarov and Guillaume Plantin
11:00am − 11:30am Break
11:30am − 12:30pm Market-Timing, Investment, and Risk Management
by Patrick Bolton, Hui Chen, and Neng Wang
12:30pm − 2:00pm Lunch and discussion about future meetings
(Gardner Commons, Shimkin Lobby)
2:00pm − 3:00pm Rating Agencies in the Face of Regulation: Rating Inflation and Rating Arbitrage
by Christian Opp, Marcus Opp, and Milton Harris
3:00pm − 3:30pm Break
3:30pm − 4:30pm Risk and the CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
by Alex Edmans and Xavier Gabaix
4:30pm Adjourn