Workshop 2025

Program

Date: 

April 2-3, 2025

Venue: 

Karlsruhe Institute of Technology - Institute for Finance - Blücherstr 17 - 76185 Karlsruhe - Germany

Program: (Presenters in italics)

April 2, 2025

13:30 Registration

13:45 Welcome

14:00 Session 1: Stealthy Shorts: Informed Liquidity Supply

by Amit Goyal (University of Lausanne), Adam Reed (University of North Carolina at Chapel Hill),  Esad Smajlbegovic (Erasmus University Rotterdam), and Amar Soebhag (Erasmus University Rotterdam)

Discussant: Stephan Jank (Deutsche Bundesbank Research Centre)

15:00 Session 2: A Joint Factor Model for Bonds, Stocks, and Options

by Turan G. Bali (Georgetown University), Heiner Beckmeyer (University of Muenster), and Amit Goyal (University of Lausanne)

Discussant: Fabian Hollstein (Saarland University)

16:00 Coffee break

16:30 Session 3: An Anatomy of Retail Option Trading

by Vincent Bogousslavsky (Boston College) and Dmitriy Muravyev (University of Illinois at Urbana-Champaign)

Discussant: Ryan Riordan (LMU Munich)

17:30 Session 4: How do Investors Trade Option Anomalies?

by Fabian Hollstein (Saarland University) and Chardin Wese Simen (University of Liverpool)

Discussant: Tobias Sichert (Stockholm School of Economics)

18:30 End of day 1

April 3, 2025

  9:30 Session 5: Why Does Volatility Demand Fall During Market Turmoil? A Market Maker Perspective

by Kris Jacobs (University of Houston), Anh Thu Mai (Purdue University Northwest), and Paola Pederzoli (University of Houston)

Discussant: Nicole Branger (University of Muenster)

10:30 Keynote: Demand-based Expected Returns

by Andrea Vedolin (Boston University)

12:00 Lunch

13:00 Session 6: Is Asset Demand Elasticity Set at the Household or Intermediary Level?

by Ehsan Azarmsa (University of Illinois Chicago) and Carter Davis (Kelley School of Business, Indiana University)

Discussant: Ruediger Weber (Goethe University Frankfurt)

14:00 Farewell