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Day 6: 'Information Representation: Improving Bayesian Reasoning'- Dr. Michelle McDowell, Research Scientist, Max Planck Institute of Human Development, Germany

The major takeaway from the lecture titled “Public Understanding of risk: An educational challenge” was that easy and transparent information saves lives. The talk focused on how to represent risks so that people can understand it and make rational decisions. 106 more words

Life@TAPMI

Atharva 2017: Day 2: Summary

Day 2 of Atharva 2017 continued to challenge the participants and pushed them beyond their boundaries. The B-plan competition, Sankalp, gave an unparalleled opportunity to receive guidance and assess business ideas before launching a new venture. 319 more words

Life@TAPMI

Day 2: Atharva 2017: Lecture on 'Overview of Security Markets' by Mr. Bharat Dave, Manager, BSE

In an informative session, Mr. Bharat Dave began by talking about the history of the 140-year-old Bombay Stock Exchange. He said it is India’s fastest exchange with 6 microsecond response time and highlighted the technology, products, and advantages of BSE. 184 more words

Life@TAPMI

Atharva 2017: Day 1: Summary

Atharva, provides a platform for young budding managers to showcase their talents. The contestants are rigorously evaluated by industry experts. This year, Atharva_30 launches its most awaited 30th edition of the national B-School fest. 303 more words

Life@TAPMI

Day 5: 'The Performing characteristics of fast & frugal trees'- Prof. Shenghua Luan, Cognitive Psychologist

The professor introduced fast and frugal trees (FFTs) as a specific and especially useful form of heuristic decision making. We saw that FFTs are fast, simple, and work quite well. 185 more words

Life@TAPMI

Day 5: 'Heuristics in Modelling choice' - Prof. Konstantinos Katsikopoulos, Max Planck Institute for Human Development, Germany

This lecture discussed the prescriptive approach for decision making through the techniques of fast & frugal trees. This was demonstrated through two cases in the lecture. 165 more words

Life@TAPMI

Bounded Rationality, Day-4: ‘The Role of Empathy in Altruistic Behaviour: Evidence from Sequential Dictator Games’ – Prof.Sujoy Chakravarty, Professor (Economics), Jawaharlal Nehru University

Prof. Sujoy Chakravarty, Professor of Economics at Jawaharlal Nehru University spoke about “The role of empathy in altruistic behaviour: Evidence from sequential dictator games.” He said that economics is a field that isn’t hijacked by crazy people, it is what we have. 312 more words

Life@TAPMI