The Institute of Behavioral Finance advances the study of the impact of psychology on investor decision-making and market fluctuations. Through its major publication, The Journal of Behavioral Finance, and sponsored conferences the Institute is at the forefront of new research in Behavioral Finance. The Institute's research areas include heuristic biases, formation of bubbles, and over-and-under-reaction. The objective of the Institute is to address important new issues in Behavioral Finance by involving interested practitioners and academics in many fields, including economics, finance, psychology, sociology, and neuro-economics. By incorporating the work of leaders in varied disciplines the Institute seeks to find better explanations for investor decision-making and market anomalies that have been noted but not explained for several generations. The Journal of Behavioral Finance offers penetrating insights into the performance of today's financial markets and is an indispensable resource for academics and practitioners who want to utilize behavioral concepts to understand the "how, what, when and where" of investing. Volume 13, Number 3, 2012 Titles On David Dreman's Contrarian Investment Strategies: The Psychological Edge Tim Loughran – University of Notre Dame Social Learning Among Rational Analysts Manaswini Bhalla– Indian Institute of Management Impact of Heterogeneous Confidences on Investment Style Jianguo Xu – Beijing University The Impact and Source of Mental Frames in Socially Responsible Investing Katherina Glac – Opus College of Business Impact of Biased Pecking Order Preferences on Firm Success in Real Business Cycles Andreas Mueller – RWTH Aachen University Malte Brettel – RWTH Aachen University Disposition Effect Among Contrarian and Momentum Investors Elżbieta Kubińska – Cracow University of Economics Łukasz Markiewicz – Kozminski University Tadeusz Tyszka – Kozminski University Forward and Falsely Induced Reverse Information Cascades Michael J. Seiler – Old Dominion University

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