14th January 2019 marked the commencement of the 3rd Edition of the TAPMI-MAX PLANK-SOTON Winter School on Bounded Rationality 2019. The program focuses on Heuristics of Finance this year. In congruence with the previous editions, TAPMI is hosting the Winter School 2019 program in collaboration with the MAX PLANK Institute for Human Development, Germany and Southampton Business School, United Kingdom. This program aims to foster a spirit of collaboration and cooperation among the participants in their common pursuit of research excellence. It also provides a platform wherein the research scholars from various institutes can learn from reputed academicians and industry stalwarts. This week-long program is sure to empower research scholars in their respective researches and enhance TAPMI’s stature in the global arena.
The inauguration ceremony had eminent panellists such as Professor Gerd Gigerenzer, Professor Konstantinos Katsikopoulos, Mr Vidhu Shekar (CFA Institute, India), Professor Madhu Veeraraghavan (Director, TAPMI) and Professor Kavitha Ranganathan (TAPMI). The program began with a short prayer sung by two students of TAPMI followed by the auspicious lamp lighting ceremony performed by the esteemed guests.
Prof. Kavitha Ranganathan provided an apt epilogue by elaborating the reason of TAPMI hosting this one-of-a-kind program year after year and the benefits of this program. She mentioned briefly about various persons who were a part of the earlier editions of Winter School and who have all been benefitted in some manner by attending this program.
Prof. Gerd then made the audience aware of some essential and minute nuances regarding heuristics. He stressed upon the fact that an interdisciplinary approach is needed to unearth true wisdom and satiate owns curiosity. He also mentioned that nowadays there are plenty of avenues for distraction but one needs to avoid them in their course of the pursuit of excellence in order to stroke creative thinking. Professor also mentioned that knowledge and courage are the two essential requirements for wisdom and enlightenment.
After Prof. Gerd, Prof. Vidhu Shekar emphasized the importance of leveraging such a platform and also mentioned the how CFA Institute functions. Subsequently, Prof. Konstantinos spoke about how they had ensured that interdisciplinary and diversity both aspects were satisfied while choosing the participants for this program.
Prof. Madhu Veeraraghavan wast the last speaker and he mentioned that the association between TAPMI and MAX PLANK Institute was not by chance and that it was the amalgamation of two institutes built by two visionary leaders, Dr TMA Pai and Max Planck. He highlighted the various existing thought camps in finance through a presentation. Lastly, he concluded his speech by extending a vote of thanks to the attending academicians and participating research scholars.