What mutual fund investors do in bear markets will be the subject of a key session at a two-day seminar on investor behavior at the Harvard Faculty Club, Cambridge, Mass., May 16-17.
Pensions & Investments and The Cambridge Center for Behavioral Studies are co-sponsoring the seminar: Scientific Strategies for Financial Decision Making.
The forum will present the latest research into investor behavior under various market scenarios.
The panel on the behavior of mutual fund investors will feature as speakers: Henry Kaufman, president, Henry Kaufman & Co.; Avi Nachmany, research director, Strategic Insight; and Geoffrey Bobroff, president, Bobroff Consulting Inc.
Richard Zeckhauser, professor of political economy at the John F. Kennedy School of Government, Harvard University, will chair the seminar and will present his paper: "Indicators of Non-Rational Behavior in Financial Markets."
Other speakers will include John A. Nevin, professor of psychology, University of New Hampshire, on "Behavioral Momentum: Why Smart People Persist in Making Stupid Choices;" Richard Thaler, professor of economics, University of Chicago, on "Myopic Loss Aversion and the Equity Premium Puzzle;" and Daniel Kahneman, professor of psychology at Princeton University, on "Optimistic Forecasts and Timid Decision Rules."
For seminar information, please call (617) 491-9020.