Loyola University Chicago

Institute For Investor Protection

School of Law

The Annual Institute for Investor Protection Symposium


Nobel Prize Winner Daniel Kahneman
Leads an Exploration of How Behavioral Economics Research
Might Shape Securities Fraud Prohibitions and Remedies

Symposium Program

OCTOBER 5, 2012


The Loyola University Chicago School Of Law
Corboy Law Center

Co-Sponsored By:
The Loyola University Chicago Institute For Investor Protection
The Institute For Law and Economic Policy

To RSVP, email LawInvestorProtection@luc.edu




8:30 am - 9:00 am
9:00 am
Welcome from Loyola University Chicago School of Law
9:10 am

Special Address: Daniel Kahneman, Winner of the Nobel Prize for Economics, Best Selling Author of “Thinking, Fast and Slow,” and Founder of Behavioral Economics.

Reflections upon Daniel Kahneman’s address and research by:

  • Russell Korobkin, Professor of Law, UCLA School of Law [paper]
  • Charles Murdock, Professor of Law, Loyola University Chicago School of Law (Moderator)  
  • Judge Richard Posner, United States Court of Appeals for the Seventh Circuit
  • Hersh Shefrin, Mario L. Belotti Professor of Finance, Santa Clara University Leavey School of Business 
  • Thomas Ulen, Swanlund Chair, Professor of Law, Emeritus, University of Illinois College of Law  
10:45 am
11:00 am - 12:30 pm


Behavioral Economics and State of Mind: Pleading and Proving Scienter in Securities Fraud Cases

  • Carol Gilden, Cohen Milstein Sellers & Toll PLLC (Moderator and Commentator)
  • Donald C. Langevoort, Thomas Aquinas Reynolds Professor of Law, Georgetown University Law Center [paper]
  • Ann M. Olazabal, Vice Dean and Professor of Business Law, University of Miami School of Business Administration [paper]  
  • Judge Jed Rakoff, United States District Court, Southern District of New York (Commentator)
  • Professor Geoffrey C. Rapp, Harold A. Anderson Professor of Law and Values, University of Toledo College of Law [paper]
12:30 pm

Luncheon and Luncheon Panel

Behavioral Economics and Market Efficiency 

  • James E. Barz, Robbins, Geller, Rudman & Dowd LLP (Commentator)
  • Barbara Black, Charles Hartsock Professor of Law and Director of Corporate Law Center, University of Cincinnati College of Law
  • Jill E. Fisch, Perry Golkin Professor of Law, Co-Director, Institute for Law and Economics, University of Pennsylvania Law School [paper]
  • Chris McDonald, Labaton Sucharow LLP (Moderator)
  • Howard S. Suskin, Jenner & Block (Commentator)
2:00 pm - 3:30 pm

Behavioral Economics Applied: Expert Witnesses, Event Studies, Loss Causation, and Damages Calculations

  • Dan Fischel, Compass Lexecon
  • Marc Gross, Pomerantz Haudek Grossman & Gross, LLP (Moderator and Commentator) 
  • Judge William T. Hart, United States District Court, Northern District of Illinois (Commentator)
  • Robert A. Prentice, Professor of Business Government and Society, University of Texas McCombs School of Business
  • David Tabak, Senior Vice President, National Economic Research Associates, Inc.
3:30 pm