Welcome Remarks
Erika James, Dean, The Wharton School (video welcome message)
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School
Craig MacKinlay, Joseph P. Wargrove Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Welcome Remarks – Bruce Jacobs
Can ChatGPT Forecast Stock Price Movements? Return Predictability and Large Language Models
Presenter:
Alejandro Lopez-Lira, Assistant Professor of Finance, University of Florida
Discussant:
Winston Wei Dou, Assistant Professor of Finance, The Wharton School
Paper | Lopez-Lira Slides | Dou Slides
Keynote Session: The State of the Economy and the Evolution of Markets
Introduction:
Joao Gomes, Senior Vice Dean of Research, Centers, and Academic Initiatives, The Wharton School
Keynote Speakers:
Robert Shiller, Sterling Professor Emeritus of Economics, Yale University (joining remotely)
Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance, The Wharton School
Moderator:
Jeremy Schwartz, Global Chief Investment Officer, WisdomTree Asset Management
Siegel Slides | Shiller Slides
Expected Returns and Large Language Models
Presenter:
Bryan Kelly, Frederick Frank ’54 and Mary C. Tanner Professor of Finance, Yale University and Head of Machine Learning, AQR Capital Management
Discussant:
Zhengzi (Sophia) Li, Associate Professor of Finance, Rutgers Business School
Paper | Kelly Slides | Li Slides
Panel Discussion: The Future of AI
Panelists:
Tim Levin, Partner, Morgan Lewis
Warren Pennington, Head of Investment Management Fintech Strategies, Vanguard
Dimitris Tsementzis, Managing Director and Head of Applied AI, Goldman Sachs
Moderator:
Sarah Hammer, Executive Director, The Wharton School
Presentation of the 2024 Jacobs Levy Center Research Paper Prizes
Officiants:
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School
Craig MacKinlay, Joseph P. Wargrove Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School
Bruce Jacobs, Principal and Co-Founder, Jacobs Levy Equity Management; Chair of the Advisory Board, Jacobs Levy Center
Ken Levy, Principal and Co-Founder, Jacobs Levy Equity Management
Research Paper Prizes Remarks – Bruce Jacobs and Ken Levy
Moving Targets
Presenter:
Lauren Cohen, L.E. Simmons Professor in the Finance & Entrepreneurial Management Units, Harvard Business School
Discussant:
Bradford Levy, Assistant Professor of Accounting, University of Chicago Booth School of Business
Paper | Cohen Slides | Levy Slides
Closing Remarks
Christopher Geczy, Adjunct Professor of Finance and Academic Director, Jacobs Levy Center, The Wharton School