Section Menu


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.

Hersh Shefrin holds the Mario Belotti Chair in the Department of Finance at Santa Clara University’s Leavey School of Business. Professor Shefrin is a pioneer of behavioral finance. He has published widely in the area and writes for both academics and practitioners. Professor Shefrin regularly teaches behavioral finance to both undergraduates and graduates. He often speaks on the subject to portfolio managers, security analysts, and financial planners both in the U.S. and abroad. In 2001 CFO Magazine listed Professor Shefrin among the “Academic Stars of Finance.” A 2003 article appearing in The American Economic Review, by Pierre-Andre Chiappori and Steven Levitt, included Professor Shefrin among the top 15 theorists to have influenced empirical work in microeonomics. Professor Shefrin’s latest book Behavioral Risk Management was published in December 2015. In addition, he is frequently interviewed by the media on financial matters, writes occasional blogs for Forbes and the Huffington Post, and can be followed on Twitter at @HershShefrin.


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 Luan is the principal investigator of the Risk And Uncertainty Management (RAUM) lab at the Institute of Psychology, Chinese Academy of Sciences (CAS). The start fund of the lab comes from a “Pioneer 100 Talents Program, Category A (Academic Leaders)” grant awarded to Shenghua by the CAS. Shenghua is a cognitive psychologist who has a wide range of interests in judgment and decision-making research, including heuristics in judgment and decision making, group decision processes, wisdom of the crowds, organizational and managerial decision-making, human cooperative behavior, risk communications, and sports and business forecasting. In his research, Shenghua combines the descriptive approach (i.e., how do people make judgments and decisions?) with a prescriptive one (i.e., how can we help people improve their judgments and decisions?) and applies a variety of methods for investigation (e.g., human experiments, cognitive modeling, computer simulations, and analysis of archival data). Findings of Shenghua’s previous research have been published in top-tier journals, including Psychological Review, Organizational Behavior and Human Decision Processes, and Journal of Behavioral Decision Making.


Dr. Shyam Sunder is the James L. Frank Professor of Accounting, Economics, and Finance at the Yale School of Management and Professor in the Department of Economics. He is a renowned accounting theorist and experimental economist. His research contributions include financial reporting, information in security markets, statistical theory of valuation, and design of electronic markets. He is a pioneer in the fields of experimental finance and experimental macroeconomics. Dr. Sunder has won many awards for his research that includes ten books and more than 200 articles in the leading journals of accounting, economics and finance, as well as in popular media. Dr. Sunder’s current research includes the problem of structuring U.S. and international accounting and auditing institutions to obtain a judicious and efficient balance between regulatory oversight and market competition. He is a past president of the American Accounting Association, former director of the Millstein Center for Corporate Governance and Performance at Yale, honorary research director of Great Lakes Institute of Management in Chennai, and distinguished fellow of the Center for Study of Science and Technology Policy in Bengaluru.

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.

Sumitava Mukherjee studies cognitive aspects of human judgment and decision making. His previous work has looked at the role of attentional mechanisms in different kinds of decisions which were published in international journals like Judgment and Decision Making, Journal of Consumer Marketing, Cognitive Processing, Consciousness and Cognition among others. He also has been involved with multi-country based studies on judgments and decisions. His current interest is in understanding how people use information in real life to make decisions. Sumitava is a member of the Society for Judgment and Decision Making (USA), Association for Psychological Science (USA), Indian Science Congress, National Academy of Psychology (India). Currently, he is an Assistant Professor of Psychology at Department of Humanities and Social Sciences, Indian Institute of Technology Delhi. 

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.

more to update…