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Prof. Gerd Gigerenzer is the Director of the “Harding Center for Risk Literacy” at the Max Planck Institute of Human Development (MPIB), Berlin, Germany. In addition, he is founder and partner of “Simply Rational – The Institute for Decisions”, which was set up in 2015. He is former Professor of Psychology at the University of Chicago and John M. Olin Distinguished Visiting Professor, School of Law at the University of Virginia. He is also Batten Fellow at the Darden Business School, University of Virginia, and Fellow of the Berlin-Brandenburg Academy of Sciences and the German Academy of Sciences. Awards for his work include the AAAS Prize for the best article in the behavioral sciences and the Association of American Publishers Prize for the best book in the social and behavioral sciences. His award-winning popular books Calculated Risks: How To Know When Numbers Deceive You, and Gut Feelings: The Intelligence of the Unconscious were translated into 18 languages. His academic books include Simply Rational: Decision Making in the Real World, Simple Heuristics That Make Us Smart and Bounded Rationality: The Adaptive Toolbox (with Reinhard Selten, a Nobel Laureate in economics). In Better Doctors, Better Patients, Better Decisions (with Sir Muir Gray), he shows how better informed doctors and patients can improve healthcare while reducing the costs. Gigerenzer has trained U.S. federal judges, German physicians, and top managers in decision making and understanding risks and uncertainties.

Shyam Sunder is James L. Frank Professor of Accounting, Economics and Finance at Yale School of Management, and a pioneer in experimental economics. His research on information in financial markets and macroeconomics has appeared in over 200 articles in prestigious accounting, economics and finance journals. His inquiry (with D. Gode) into structural properties of markets using zero- or minimally intelligent agents was a seminal innovation whose applications have spread to computer science, engineering, finance, artificial intelligence, e-commerce, and other disciplines. His tenth book, Risky Curves: On the Empirical Failure of Expected Utility, co-authored with Dan Friedman, Mark Isaac and Duncan James, was published in 2014.


Dr Konstantinos Katsikopoulos is currently associate professor at the Southampton Business School. Previously, Konstantinos was a visiting assistant professor at MIT and deputy director at the Max Planck Institute for Human Development. He works on integrating standard decision theory with the simple rules of thumb people actually use. He has engaged with government and businesses on problems, characterized by complexity and uncertainty, in economics, management, and health. Konstantinos’s work has been funded by organizations such as the German Science Foundation and the European Network for Excellence, published in journals such as Psychological Review and the European Journal of Operational Research, and covered by newspapers and magazines such as the Tageszeitung and Science News. He serves on the editorial board of the journal Judgment and Decision Making.

Sanjay Kallapur is Professor of Accounting at the Indian School of Business (ISB). He was a tenured Associate Professor at the Krannert School of Management, Purdue University, prior to joining ISB. He conducts empirical research in financial and managerial accounting, auditing, and corporate governance, and recently on the economics of the auditing profession. He has published in top accounting and finance journals such as The Accounting Review, Contemporary Accounting Research, Journal of Accounting and Economics, and Journal of Accounting Research, and more. From 2008 to 2011 he was an Editor of The Accounting Review. Professor Kallapur obtained BCom and MBA degrees from the University of Mumbai, and a PhD in Business Economics from Harvard University.

Shenghua is a cognitive psychologist who studies various topics in judgment and decision-making, including simple heuristics, managerial decisions, moral decisions, wisdom of the crowds, and sports forecasting. In his research, Shenghua combines descriptive approaches (i.e., how do people make decisions?) with prescriptive ones (i.e., how can we help people improve their decisions?), and prefers using real-world data to study real-world phenomena. He is currently Associate Professor (with tenure), Department of Psychology, Tsinghua University, China; and Visiting Researcher, Centre for Adaptive Rationality, Max Planck Institute for Human Development, Germany.

Michelle McDowell is a research scientist at the Max Planck Institute for Human Development and the Harding Center for Risk Literacy. Her research focuses on promoting balanced and transparent risk communication formats to facilitate decision making. Her recent focus has been on determining how best to summarise medical evidence to support understanding, and to address challenges to the translation of evidence for use in decision tools. She is interested in improving the visual communication of information, and designing more ecological presentation formats that improve comprehension. She is also interested in understanding what people know about the risks they face in the digital world.

Kavitha Ranganathan is Assistant Professor in the area of Finance and Strategy, at TAPMI. Her research interests are in bounded rationality, with application to portfolio decisions, and behavioral corporate finance, with specific focus on mergers and acquisitions. She has prior work experience at the National Institute of Securities Market, and been part of the research team for the Financial Sector Legislative Reforms Commission (FSLRC), commissioned by Govt. of India. Her research article, Satisficing measures of risk, won the best doctoral research paper award at the Academy of Behavioral Economics and Finance conference held at New York University, 2012.

Özgür Simsek is a Senior Lecturer in Machine Learning at the Department of Computer Science at the University of Bath, UK. Her research areas include machine learning, artificial intelligence, network science, and bounded rationality. She received her Ph.D. in Computer Science from the University of Massachusetts Amherst in 2008. Before joining the University of Bath, she was a Research Scientist at the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development in Berlin, Germany. Her current research interests include the rationality of decision heuristics and the role they can play in autonomous learning and development.

Leonidas Spiliopoulos is currently a Research Fellow (and formerly Alexander von Humboldt fellow) at the Max Planck Institute for Human Development (Center for Adaptive Rationality), and previously held a Vice-Chancellor’s Postdoctoral Research Fellowship at the University of New South Wales. His work focuses on how economics, game theory, cognitive psychology/neuroscience, and artificial intelligence can inform models of decision making and learning. Leonidas has published widely in economics and cognitive psychology/neuroscience journals such as Games and Economic Behavior, Experimental Economics, Brain, and Psychological Methods. He holds a B.A. (cum laude) in Economics from Yale University, an M.Sc. from the Athens University of Economics and Business, and a Ph.D. in Economics from the University of Sydney.

Professor Veeraraghavan has published over 50 papers in international journals. His papers have appeared in The Accounting Review, Journal of Financial and Quantitative Analysis, Contemporary Accounting Research, Journal of Banking and Finance, Auditing: A Journal of Practice and Theory, Journal of Macroeconomics, Journal of Empirical Finance, Pacific Basin Finance Journal etc. He has presented his work in top accounting and finance conferences. He was the recipient of the Vice-Chancellor’s Gold Medal (Monash University) for Teaching Excellence. His paper titled “Executive Equity Risk-Taking Incentive and Audit Service Pricing was awarded the 2013 MIT Sloan Asia Conference in Accounting Best Paper Award.

Biju is the CEO and Co-founder of Final Mile Consulting, a Chicago and Mumbai based consulting firm. Final Mile is the first firm in the world to use learning from Cognitive Neuroscience and Behavioural Economics to understand and influence human behaviour. FinalMile has used their unique approach to influencing human behaviour to reduce road accidents, mitigate teenage pregnancy, increase use of toilets, mitigate girl trafficking etc. He has delivered lectures at London School of Economics, Chicago Booth School of Business, University College London, various IIMs and Industry forums. The author of a fortnightly column in the Mint newspaper on behavioral underpinnings of societal problems, Biju has been quoted in BBC, CNBC, France 24, Boston Globe, Business Week, Forbes India etc. Mint newspaper profiled him as a member of “The new think tank” of India.