The JOIM Conference Series showcases high quality presentations and a platform for interactive discussions of current topics in the investment management arena. Prevalent throughout both activities is the highest quality material suitable for academics and practitioners.
March 11 – 13, 2018 / UCLA Campus, CA
The science of Behavioral Finance is evolving and making significant strides in establishing a foundation for a better understanding of investment decision making. Our Conference will focus on new developments in this area. Starting with a keynote address by Professor Andrew Lo who is the author of the new book, Adaptive Markets, we will also have presentations by some of the pioneers of this discipline including the physiological and psychological basis for decision making.
Sunday, March 11, 2018 – Reception/Dinner
UCLA Luskin Conference Center and Hotel, Ballroom
425 Westwood Plaza, Los Angeles
Andrew Lo, Massachusetts Institute of Technology, Keynote Speaker
Monday, March 12, 2018
UCLA Conference Center – Carnesale Commons – Palisades Room, 3rd Floor
251 Charles E Young Drive West, Los Angeles
Meir Statman, Santa Clara University
A Second Generation Behavioral Finance
The second generation, presented in Statman’s Finance for Normal People (Oxford University Press, 2017), describes people as “normal,” neither “rational” nor “irrational.” Normal people are people like you and me. Each of us has wants - hope for riches, freedom from poverty, nurturing children and families, being true to values, gaining high social status, playing games and winning, and more. We apply knowledge and cognitive and emotional shortcuts as we pursue our wants. Sometimes, however, we are diverted from our wants by ignorance and cognitive and emotional errors. Our wants, even more than our knowledge, ignorance, and cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including portfolio construction, saving and spending, asset pricing, and market efficiency.
Hersh Shefrin, Santa Clara University
Analysts’ Fundamental Error in the Computation of Fundamental Value
Juhani Linnainmaa, University of Southern California
Financial Advisors and Risk-Taking
Vineer Bhansali, LongTail Alpha
Everybody’s Doing It: Short Volatility Strategies and Shadow Financial Insurers
Tuesday, March 13, 2018
Avanidhar Subrahmanyam (Subra), UCLA Anderson School of Management Keynote Speaker
A Protocol for Factor Identification
Colin Camerer, Caltech
Neural foundations of Experimental Trading and Bubbles
Brett Trueman, UCLA Anderson School of Management
Overnight Returns and Firm-Specific Investor Sentiment
Jason Hsu, Rayliant Global Advisors
Anomalies in Chinese A-Shares
This event is co-sponsored with the
Master of Financial Engineering Program (MFE) UCLA Anderson School of Management.
September 30 – October 2 , 2018/ Cambridge, MA
It became apparent from last year’s JOIM FinTech Conference that there is widespread interest as well as extensive topics associated with this theme. We are pleased to follow-up with Fintech II which will focus on areas such as cybercurrencies, blockchain technology and robo investing. These all have high potential disruptive impacts. We are pleased to enlist speakers from academia as well as practitioners who will share not only educational content but insights on the practical significance of these emerging technologies.
Risk Managers, Portfolio Managers, Pension Managers, Senior Executives of Financial Firms, Plan Sponsors, Endowments, Finance Professors and Students would all benefit from attending these conferences. Attendance is limited. We are accepting annual memberships on a first come, first served basis with guest attendance on an as available basis.