Posted on 4 December 2020 by

Virtual seminar: Pandemic shocks, financial institutions, markets and behaviours

Tuesday, 15th December 2020 – From 5:00 pm to 7:30 pm CEST

With the support of

  • Intesa Sanpaolo
  • Allianz
  • Banca Aletti

The event will be held via Webex, in English.


The Seminar will try to analyze the macro, institutional and micro financial effects of pandemic shocks. Here are some of the main topics:

  • Insurance companies and pandemic uncertainties: Is it possible to ensure businesses and families for pandemic losses?
  • How to include periodic epidemic shocks in macroeconomic forecasting.
  • Social distancing and the shove to e-banking innovations and changes.
  • Investments behaviors in financial markets during pandemic turbulence.
  • Pandemic turbulence and financial stability.
  • Recovery fund or recovery bund for European growth.
  • Pandemic effect on philanthropy and social finance.
  • Changes of consumer behavior and credit during pandemic crisis.
  • Nudging to neutralize ambiguity and uncertainty aversion of financial investment during pandemic crisis.

Posted on 5 October 2020 by

International seminar: Financial education and risk literacy

Tuesday, 20th October 2020 – from 4:00 pm to 6:30 pm
Museum of Saving, Via San Francesco d’Assisi 8/A, Turin (IT)

This international seminar will represent the occasion for the presentation of the book published by Elgar entitled “Financial Education and Risk Literacy” forming part of BEFAIRLY – Behavioural Financial Regulation and Policy Series- an initiative started in 2017 by Herbert Simon Society in collaboration with the Bank of Italy and the Max Planck Institute for Human Development.

This innovative book explores the relationship between financial literacy, financial education and regulation, and risk literacy providing a broad range of different perspectives.

The seminar will debate on the social and cultural determinants of financial education, the role of the banking system in promoting financial literacy, how governments and regulatory authorities are dealing with financial education programmes in schools, the role of technology, and the effect of financial literacy and risk perception on investment choices.

Featuring interventions from different methodological backgrounds, the seminar will offer a rich and multifaceted debate exploring theory and empirical evidence, combining traditional approaches linked to the characteristics of financial markets with the insights drawn from behavioural research showing how this can create better financial education.

The seminar will include the interventions of international experts as keynote speakers such as Prof. Hersh Shefrin (University of Santa Clara) and Ralph Hertwig (Max Planck Institute).

A discussion will follow on the characteristics of behaviours that might affect the policy maker’s mix of financial education, choice architecture, and regulation as tools to help consumer financial behavior. Finally, conclusions will be provided by Prof. Elsa Fornero (University of Turin).

Posted on 18 May 2020 by

The Digital World, Cognition and Behaviour – Call for Papers

We invite contributions to a Special issue of

Guest editors of the Special Issue:

  • Gerd Gigerenzer (Harding Center for Risk Literacy,
    Max Planck Institute for Human Development, Berlin)
  • Konstantinos Katsikopoulos (University of Southampton)
  • Marco Fasoli (Università di Milano-Bicocca)


In recent years, digital technologies have become incredibly pervasive in our daily life. This process has brought about many advantages, but it has also changed numerous human cognitive practices in different ways, leading to the rise of new problems and challenges. For example, in the wake of an ever-growing presence of digital technologies we are constantly called to manage a staggering amount of information, communications and notifications (the so-called “information overload”) and we keep being interrupted, dividing our attention across several tasks at the same time. By providing new ways of storing and retrieving information, digital technologies have modified the function and the role of human memory. In general, digital technologies have changed the role of many cognitive abilities in our daily life, making some of them more necessary while rendering others seemingly obsolete. One of the crucial abilities required by the digital world is the ability to evaluate information and to discriminate between real and fake news online. 

Against this background, cognitive and behavioural scientists are called to help policy-makers understand how digital technologies are reshaping our minds. In this sense, it becomes necessary to understand which cognitive abilities would be required in the digital world to cope with information overload or to debunk fake news, and how we can facilitate the development of such abilities among internet users. Furthermore, there is the need to understand which heuristics and biases occur when we navigate the internet, as well as how our behaviour could be nudged through big data, for the purpose of establishing some safeguards for modern societies against any improper uses of such data.

Main Special Issue Topics     

  • Fake news, epistemic attitudes, and cognitive abilities.
  • Heuristics, ecological rationality and digital decision making.
  • Biases and heuristics in the digital world.
  • Big data and their cognitive, epistemic, and ethical implications.
  • The Behavioural sciences in E-Commerce and Advertising.
  • The digital nudging and Democracy.
  • Attention, task switching, and multitasking.
  • Reading and digital reading in the digital era.
  • Digital well-being: theoretical perspectives and empirical insights.
  • Cognitive artefacts, cognitive techniques, and digital technologies.
  • Cognitive affordances and cognitive properties of digital technologies.
  • Digital and cognitive persuasion in gamification: ethical issues.
  • Social networks, social comparison, and digital communication.
  • Digital stress and information overload.
  • Emotions and emotional intelligence in the digital world.
  • The design of addiction of digital technologies.
  • Fintech, Bot and Artificial Intelligence in Digital Financial Decision making.
  • Cybersecurity.

If your work coincides with our theme, please submit the paper sending it to the email for evaluation.

DEADLINE to complete papers, no more than 5000 words including references, is September 30, 2020.

Posted on 30 May 2019 by

Visiting at Tsinghua University, Beijing, China

Dear all,

we are pleased to show you the photos taken during the visit of Dr. Valeria Castoldi, the executive manager of HSS, at the prestigious Tsinghua University, Beijing.

Professor Qian from the School of Social Sciences, offered Dr. Castoldi the opportunity to give a talk about the study on the effect of nudging on blood donation, coordinated by Prof. Viale and Prof. Macchi at the Bicocca University-Milan.

It was possible also to have a meeting with Professor Luan from the Chinese Academy of Sciences – Beijing to discuss an agreement between HSS, University of Milan – Bicocca, Tsinghua University and the Chinese Academy of Sciences.  The intercultural collaboration could provide new hint on the research on Behavioral Sciences!

Thank again Prof. Qian and Prof. Luan for the significant experience!


Posted on 3 December 2017 by

Onorato Castellino Lecture “How to Engineer Our Future: Risk Literacy or Nudging?”

Turin (Italy), Collegio Carlo Alberto
7th December 2017, 6pm

Gerd Gigerenzer (Director of Harding Center for Risk Literacy at the Max Planck Institute
for Human Development, Berlin)

Introduction by Elsa Fornero (University of Turin and CeRP – Collegio Carlo Alberto)
and Riccardo Viale (University of Milan-Bicocca and Herbert Simon Society)

The event is jointly organized by the Collegio Carlo Alberto with CeRP and the Herbert Simon Society lecture-gerd- gigerenzer/

Posted on 3 December 2017 by

1st International Workshop: BeFiRP Behavioral Finance Revolution and The Financial Regulations and Policies

Rome (Italy), Bank of Italy
6th December 2017

With the support of
compagnia sanpaolo

and in collaboration with
Intesa Sanpaolo

Download programme

Posted on 3 December 2017 by

International Workshop: Uncertainty, Heuristics, and Finance

Madrid (Spain), Facultad de Psicología
4th December 2017, 11 am

Organized by
Spanish Journal of Psychology

Herbert Simon Society

with the support of 
compagnia sanpaolo

Download programme

Posted on 10 November 2016 by

Cognitive Unconscious and Human Rationality

“Cognitive Unconscious and Human Rationality”
by L. Macchi and R. Viale
University of Pennsylvania, 17th November 2016




Posted on 10 November 2016 by

Cognitive Unconscious and Human Rationality

“Cognitive Unconscious and Human Rationality”
by L. Macchi and R. Viale
University of New York, 15th November 2016

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