Schedule

Sheraton Grand Chicago Riverwalk.
301 E. North Water St.
Chicago, IL 60611

Hear the keynote conversation between Anil Kashyap, The Stevens Distinguished Service Professor of Economics and Finance, and Paul Singer, founder, president, co-chief executive officer, and co-chief investment officer of Elliott Investment Management L.P.

Sheraton Grand Chicago Riverwalk
301 E. North Water St.
Chicago, IL 60611

Gleacher Center
450 N. Cityfront Plaza Dr.
Chicago, IL 

*Please note that breakout sessions are first-come, first-served. 

Perspectives on Private Capital

Moderator: Professor Steven Kaplan
Panelists: Martin Nesbitt, '89, Raymond Svider, '89, Greg Purcell, '94, Blair Jacobson, '99
Room: 621

Our panelists will discuss the current state of the private capital markets—private equity and private debt—and where they are headed.

The Behavior of High-Net-Worth Individuals in Financial Markets

Speaker: Professor Ralph Koijen
Room: 204 (overflow 206)

Using new data on high-net-worth households (including 439 billionaires) in the United States, we study their investment and rebalancing behavior in financial markets. The data cover both public and private markets. Using this unique data, we show how households across the wealth distribution navigate turbulent market environments, respond to the low-rate environment, and the subsequent high-inflation episode. We compare their behavior to that of institutions and ask whether high net-worth individuals stabilize or amplify fluctuations in financial markets. 

Value-Based Healthcare Delivery and Hospital Ratings

Speaker: Professor Dan Adelman
Room: 400 

The U.S. healthcare system is transitioning from pay-for-volume, to pay-for-performance through risk-based contracts, in which providers are taking on financial risk for patient outcomes. At the same time, hospitals are under increasing scrutiny through various hospital ratings systems, such CMS Stars and US News & World Report. In this session, we will discuss the forces that are transforming the delivery of healthcare in the US, their underlying challenges, and some proposed solutions. 

Breaking the Mold

Speaker: Professor Raghu Rajan
Room: 100

Rajan will speak about his new book, Breaking the Mold, which explains how India can follow a different development path than the manufacturing exports-led growth path followed traditionally by East Asian economies. He will explain why India needs to strengthen its democracy rather than weaken it if it wants to embark on this different path.

AI for Good or Evil? A Decision Making Perspective

Speaker: Professor Anna Costello
Room: 304 (overflow 306)

Amidst the wealth of content in the digital era, identifying information that is genuinely relevant is the most challenging task. This study builds a state-of-the-art large language model to uncover new, or surprising information in textual data. Specifically, we estimate an LLM that leverages data from the financial markets domain to model investors’ prior beliefs over narrative content and, thus, identify new information that a company communicates. Our models, which are tailored to each firm, allow us to determine when a sentence or a paragraph in a corporate filing contains a surprise. We also generate a summary measure of the amount of information released in each document, and we show that this measure explains a large portion of market response to disclosed information and predicts firms’ future profitability. In sum, our study highlights the importance of identifying new and salient information in today’s complex, data-driven landscape.

*These sessions and details are subject to change.

Gleacher Center
450 N. Cityfront Plaza Dr.
Chicago, IL 

*Please note that breakout sessions are first-come, first-served.

The Future of Asset Management

Moderator: Professor Lubos Pastor
Panelists: Stephanie Braming, '99, John Liew, '94, Kunal Kapoor, '04
Room: 621

What are the big issues facing asset managers in the coming years? Which of the recent trends will be durable and which of them will turn out to be fads? Join our esteemed panel for a discussion of these questions and others about the asset management industry. 

Rethinking AI

Speaker: Professor Sanjog Misra
Room: 400

The last few years have seen a rapid escalation in AI technologies, particularly the generative kind. In this talk, Professor Misra will outline the new AI landscape and highlight some recent research that demonstrates the value of AI in the development and implementation of scalable business decisions.

Are We in a Motivation Crisis? Evidence and Potential Solutions  

Speaker: Professor Ayelet Fishbach
Room: 204 (overflow 206)

Ayelet Fishbach, an expert on motivation and a TEDx speaker, will discuss the state of motivation at work and beyond, and potential interventions for increasing motivation based on recent field and lab studies. Note: This is an interactive session. Be ready to test your knowledge and intuition on how to motivate yourself and your employees.

Inflation Spirals, Good and Bad

Speaker: Professor Guido Lorenzoni
Room: 304 (overflow 306)

What have we learned about the causes of the inflation surge of 2021-2023? What happened to wages in different segments of the labor market? Should we worry about high nominal wage growth preventing us from going back to 2 percent?

Should Corporations Behave Morally?

Speaker: Professor Luigi Zingales
Room:100

The Supreme Court has established that corporations are people. Yet, people respond not only to legal norms but also to moral ones. Are corporations amoral people? If not, what morality should they adopt?

*These sessions and details are subject to change.