Director of the "Center for Adaptive Behavior and Cognition" and 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.


James L. Frank Professor of Accounting, Economics, and Finance



Konstantinos Katsikopoulos has studied applied mathematics, cognitive psychology, and operations research in Greece, Germany, and the US. He has been a visiting assistant professor at MIT. He now holds a W2 professorship at the Max Planck Institute for Human Development, and also is an associate professor at the Business School of the University of Southampton, UK. Konstantinos researches how standard decision theory and the simple rules of thumb people use can be integrated, and has worked with government and business on complex problems in economics, management, and health.


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.


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 medical 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.


Özgür Simsek received her Ph.D. in Computer Science from the University of Massachusetts Amherst in 2008. She subsequently joined the Center for Adaptive Behavior and Cognition at the Max Planck Institute for Human Development in Berlin, Germany. Her primary areas of research are machine learning and artificial intelligence. Her current interests include the rationality of decision heuristics and the role they can play in autonomous learning and development.



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.


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.