<P ><FONT size=3><FONT face="Times New Roman">HARRISON HONG, <st1:place><st1:PlaceName>Princeton</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> <p></p></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman">JEREMY STEIN, <st1:place><st1:PlaceName>Harvard</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> and NBER<p></p></FONT></FONT></P>
<P ><B><FONT size=3><FONT face="Times New Roman">Simple Forecasts and Paradigm Shifts <p></p></FONT></FONT></B></P>
<P ><FONT size=3><FONT face="Times New Roman">Discussant: PIETRO VERONESI, <st1:place><st1:PlaceType>University</st1:PlaceType> of <st1:PlaceName>Chicago</st1:PlaceName></st1:place> and NBER <p></p></FONT></FONT></P>
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<P ><FONT size=3><FONT face="Times New Roman">ALOK KUMAR, <st1:place><st1:PlaceType>University</st1:PlaceType> of <st1:PlaceName>Norte</st1:PlaceName></st1:place> Dame<p></p></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman">CHARLES M.K. LEE, <st1:place><st1:PlaceName>Cornell</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place><p></p></FONT></FONT></P>
<P ><B><FONT size=3><FONT face="Times New Roman">Mass Psychology and Returns Comovements: The Case of Retail Trades<p></p></FONT></FONT></B></P>
<P ><FONT size=3><FONT face="Times New Roman">Discussant: JEFFREY WURGLER, <st1:place><st1:PlaceName>New York</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> and NBER <p></p></FONT></FONT></P>
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<P ><FONT size=3><FONT face="Times New Roman">DAVID HIRSHLEIFER, KEWEI HOU, SIEW HONG TEOH, and YINGLEI ZHANG,<p></p></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman"><st1:place><st1:PlaceName><B>Ohio</B></st1:PlaceName><B> </B><st1:PlaceType><B>State</B></st1:PlaceType><B> </B><st1:PlaceType><B>University</B></st1:PlaceType></st1:place><B> Do Investors Overvalue Firms with Bloated Balance Sheets?<p></p></B></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman">Discussant: KENT DANIEL, Northwestern University and NBER <p></p></FONT></FONT></P>
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<P ><FONT size=3><FONT face="Times New Roman">ROBIN <st1:City><st1:place>GREENWOOD</st1:place></st1:City>, <st1:place><st1:PlaceName>Harvard</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place><p></p></FONT></FONT></P>
<P ><B><FONT size=3><FONT face="Times New Roman">Aggregate Corporate Liquidity and Stock Returns<p></p></FONT></FONT></B></P>
<P ><FONT size=3><FONT face="Times New Roman">Discussant: OWEN LAMONT, <st1:place><st1:PlaceName>Yale</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> and NBER <p></p></FONT></FONT></P>
<P ><p><FONT face="Times New Roman" size=3> </FONT></p></P>
<P ><FONT size=3><FONT face="Times New Roman">ANNA SCHERBINA, <st1:place><st1:PlaceName>Harvard</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> <p></p></FONT></FONT></P>
<P ><B><FONT size=3><FONT face="Times New Roman">Analyst Disagreement, Forecast Bias and Stock Returns<p></p></FONT></FONT></B></P>
<P ><FONT size=3><FONT face="Times New Roman">Discussant: NARASIMHAN JEGADEESH, <st1:place><st1:PlaceName>Emory</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place><p></p></FONT></FONT></P>
<P ><p><FONT face="Times New Roman" size=3> </FONT></p></P>
<P ><FONT size=3><FONT face="Times New Roman">DANIEL BERGSTRESSER, <st1:place><st1:PlaceName>Harvard</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place><p></p></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman">MIHIR DESAI, <st1:place><st1:PlaceName>Harvard</st1:PlaceName> <st1:PlaceType>University</st1:PlaceType></st1:place> and NBER <p></p></FONT></FONT></P>
<P ><FONT size=3><FONT face="Times New Roman">JOSHUA RAUH, MIT<p></p></FONT></FONT></P>
<P ><B><FONT size=3><FONT face="Times New Roman">Earnings Manipulation: Evidence from Pension Decision Making <p></p></FONT></FONT></B></P>
<P>Discussant: SHLOMO BENARTZI, UC, <st1:City><st1:place>Los Angeles</st1:place></st1:City></P>
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