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ORCID: 0000-0002-2736-9583
ResearcherID: J-5701-2015
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Emiliano Catonini

  • Emiliano Catonini has been at HSE University since 2013.

Education and Degrees

  • 2013

    PhD in Economics
    Bocconi University

  • 2007

    Master's in Industrial Engineering and Management
    Polytechnic University of Milan

  • 2005

    Bachelor's in Industrial Engineering and Management
    Polytechnic University of Milan

Awards and Accomplishments

Best Teacher – 2019, 2018

Services and other activities

Chair of Student Research and Placement Sub-Committee

Student Term / Thesis Papers

Full list of of student term / thesis papers

Courses (2020/2021)

Courses (2019/2020)

Courses (2018/2019)



  • Local Dominance (with Jingyi Xue), December 2020 pdf
  • Path agreements and off-path uncertainty (with Pierpaolo Battigalli), November 2020 pdf
  • A simple solution to the Hotelling problem, October 2020 pdf, supplemental appendix: pdf
  • The Epistemic Spirit of Divinity (with Pierpaolo Battigalli), January 2021 pdf 
  • Reputation and Information Aggregation (with Sergey Stepanov), April 2020: pdf, supplemental appendix: pdf
  • Independent versus collective expertise (with Sergey Stepanov and Andrey Kurbatov), February 2020 pdf supplemental appendix: pdf
  • Disagreement under almost common knowledge of rationality (joint with Tatiana Mayskaya), February 2020 pdf
  • Ambiguity Attitudes and Self-Confirming Equilibrium in Sequential Games (with P. Battigalli, G. Lanzani, and M. Marinacci), working paper version .pdf
  • Cautious Belief and Iterated Admissibility (with Nicodemo De Vito), March 2018 .pdf
  • The overlap between extensive-form rationalizability and subgame perfection, January 2017 .pdf
  • A comment on Admissibility and Assumption (with Nicodemo De Vito), December 2017  pdf
  • Hierarchies of Lexicographic Beliefs (with Nicodemo De Vito), June 2016  pdf
  • Old version of Cautious Belief and Iterated Admissibility, September 2012 .pdf

Research Interests:

  • Economic Theory
  • Game Theory
  • Applied Microeconomic Theory

Timetable for today

Full timetable

HSE University Ranks 115th in RePEc World Ranking  

The RePEc rating (Research Papers in Economics) is based on publication activity data in the field of economics and related disciplines. In recent years, HSE University has consistently ranked first among Russian universities, and it continues to steadily climb the global ranking, overtaking well-known, centuries-old foreign universities. In the latest European ranking, HSE University took 46th place. In the world ranking, the university has ranked 115th (an increase of 4 places in the space of one month).

ICEF Academia has welcomed its new class

It’s a fact that ICEF students are awarded two degrees when they graduate. There is, however, a third school many of them attend along with HSE and The University of London – ICEF Academia. Offering a programme of advanced courses, research opportunities, discussion venues and academic career guidance, ICEF Academia traditionally hosts welcome meetings and the year 2020 was not an exception. This year’s event was held online and here is how it went.

Publication in The Review of Economic Studies

An article by ICEF Associate Professor Emiliano Catonini "Self-enforcing agreements and forward induction reasoning" is published in The Review of Economic Studies - one of the top 5 journals in economics. Professor Catonini became the first HSE researcher, whose work was published there

'Every Researcher Needs a Department That Keeps Believing in Them'

Hundreds of scholars from all over the world teach and conduct research at HSE University. At the International College of Economics and Finance (ICEF) alone there are more than 30 researchers who hold PhDs from universities outside Russia. One of them is Emiliano Catonini, who completed his second research project this year and is now preparing it for publication. He spoke with the HSE News Service about getting students to put their phones away during lecture, surviving academia, trading energy for economics, and falling in love with Moscow winters.

‘Scholars Are Humans, and You Shouldn’t Be Afraid of Them’

ICEF not only trains professionals in economics and finance, but also provides a perfect start for an academic career. Daniil Esaulov, lecturer, coordinator of student research work at ICEF and manager of ICEF Academia project, talked to us about how ICEF develops research skills, what students do at ICEF Academia, and why one shouldn’t be afraid of authorities in research.

'A crisis situation can land macroeconomists a big break'

A 2017 graduate of Master’s Programme Financial Economics, Nurdaulet Abilov has stepped up to the position of Kazakhstan’s lead quantitative macroeconomic analyst and is in charge of Nazarbayev University’s Economic Modelling Development Center. In this interview, Nurdaulet reveals why Southern Europe makes a perfect place for studying econometrics, how one can develop a passion for economics by lending money to family, and what anti-crisis strategies are being currently developed by Nazarbayev University.

'HSE ICEF Has a Diverse Team of Enthusiastic People'

As described by one of the original ICEF team members, Oleg Zamkov, ICEF Deputy Director and Academic Head of HSE and University of London Double Degree Programme in Economics, the success of ICEF was in choosing the right moment for the start and finding the right people, both academics and administrators. It would also be unimaginable without the advice and support from London School of Economics and Political Science (LSE), especially Richard Layard, who helped design several key elements of the curriculum for double degree programme, Richard Jackmanand Amos Witztum who made a significant contribution to ICEF idea implementation.

People of ICEF

Today, ICEF is proud to be academic home to over 20 international researchers with PhD degrees in economics, finance and social sciences, representing different countries and continents: Russia, Germany, France, Italy, Greece, Ukraine, Argentina, Australia, and India. ICEF faculty members share their stories of joining the team for The HSE Look readers.

ICEF Academia: for Curious and Brilliant Minds 

In addition to the already intense studies, ICEF offers students a chance to gain even deeper knowledge of Economics and Finance. ICEF faculty members tell about ICEF Academia - a special programme aimed at students who excel at their studies and who want to acquire additional skills and knowledge. 

‘It's Striking How Prejudices about Moscow Are All Incredibly False’

HSE Open Talks, at HSE Day in Gorky Park this year featured a wide range of lectures in English showcasing the ever increasing numbers of international professors and researchers at the university. Among them was Emiliano Catonini, Assistant Professor at the International College of Economics and Finance. He gave a lecture To the Heart of Decision-Making on rationality and irrationality in economic choices. HSE English News asked him to share his impressions of living and working in Russia.

HSE Day Offers Something for Everyone

Russian students and teachers were not the only ones to actively participate in HSE Day on September 9; many foreigners who study or work at the university took part as well. Numerous activities enriching the celebration could be enjoyed without any knowledge of Russian — for example, Speed ​​Dating, Dance Battle, and a variety of sporting events. However, some sites during the festival had a special English-language programme.


lectures will be delivered by HSE scholars at Gorky Park as part of HSE Day. Lectures will be delivered in both Russian and English. 

‘I Like the City as a Whole, Its Architecture and Its Strong Character’

Dr. Emiliano Catonini, Assistant Professor at the International College of Economics and Finance of the HSE  shares his experience on the academic year 2013-2014 in an interview for The HSE LooK.