? Session 4: Empirical Asset Pricing 2
? Time-Varying Price Discovery in Spot, Futures and Options Markets: Evidence from China
Kwangwon Ahn (KAIST)
Yingyao Bi (China Merchants Securities)
Sungbin Sohn (Peking Univ.)

? Biases in Variance of Decomposed Portfolio Returns
Vitali Alexeev (Univ. of Technology Sydney)
Katja Ignatieva (Univ. of New South Wales)

? The Role of Psychological Barriers in Lottery-Related Anomalies
Suk-Joon Byun (KAIST)
Jihoon Goh (KAIST)

? Session 5: Volatility
? Hyperbolic Normal Stochastic Volatility Model
Jaehyuk Choi (Peking Univ.)
Chenru Liu (Peking Univ.)
Byoung Ki Seo (UNIST)

? Bad Volatility Is Not Always Bad: Evidence from Commodity Markets
Yahua Xu (Auckland Univ. of Technology)
Tai-yong Roh (Auckland Univ. of Technology)

? Market and Non-market Variance Risk in Individual Stock Returns
Sungjune Pyun (National Univ. of Singapore)

? Session 6: Hedge Funds and Methodology
? Can Hedge Funds Correct Mispricing and Provide Liquidity? Evidence from Reg SHO
Liang Zhang (Georgia State Univ.)

? Do Hedge Funds Time the Market Tail Risk? Evidence from Option-Implied Tail Risk
Jungsoon Shin (Ewha Womans Univ.)
Minki Kim (KAIST)
Dongjun Oh (Mirae Asset Global Investments)
Tong Suk Kim (KAIST)

? Conditional Importance Sampling for Event Counting Processes
Baeho Kim (Korea Univ.)
Alexander Shkolnik (Univ. of California, Berkeley)