The Paul Woolley Centre for Capital Market Dysfunctionality (PWC) at UTS has been established to research dysfunctionality in financial markets, and the financial institutions that operate within these markets. A capital market is dysfunctional when it suffers from chronic and systemic malfunctioning; a condition which can have far-reaching economic and social consequences. The researchers at the centre analyse why inefficient outcomes arise, the impact that they have on the economy, and how adverse effects can be mitigated.

The PWC at UTS will be hosting a conference on Investing Strategies and Financial Market Inefficiency from the 31st of October to the 1st of November. Following is a list of presenters' papers:

Professor Bruno Biais Toulouse University
Equilibrium Discovery and Preplay Communication in an Experimental Market

Dr. Tony He, University of Technology, Sydney
Heterogeneity, Bounded Rationality, and Market Dysfunctionality

Dr. Steve Keen, University of Western Sydney
Developing a Monetary Model of Financial Instability

Professor Ron Bird, University of Technology, Sydney
The Impact of the Interaction of Managers and Investors on Market Prices

Professor Christopher Polk, London School of Economics
Growth and Glamour? Fundamental and Systematic Risk in Stock Returns

Dr. David Gallagher, University of New South Wales
To Herd or Not to Herd: Do Mimicking Traders Ignore Their Private Information?

Dr. Massimo Scotti, Bocconi University, Milan
Mutual Funds, Career Concerns and Trade Volume

Dr. David Michayluk, University of Technology, Sydney
Liquidity Dysfunctionality on the Australian Stock Market

Dr. David Goldbaum, University of Technology, Sydney
Learning and Adaptation as a Source of Market Failure

Dr. Gordon Menzies, University of Technology, Sydney
Inferential Expectations: A paradigm for dysfunctional markets

The Paul Woolley Centre at UTS has been made possible by a donation from Dr Paul Woolley.