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from the dept. We would like to draw your attention to the 7th Summer Institute on Bounded Rationality in Psychology and Economics that will take place from July 8th to July 16th, 2008 at the Max Planck Institute for Human Development in Berlin. The objective of the Summer Institute is to introduce students from various fields to the study of bounded rationality. This year, the institute will focus on the topic of ecological rationality and will include Nobel Prize laureate Vernon Smith as a keynote speaker. The participants of the Summer Institute will be talented graduate students and postdoctoral fellows from around the world. We intend to provide stipends to all participants to cover part of their expenses for travel and accommodation. Interested students should apply by March 26th, 2008. For more details on the Summer Institute and the application process, please have a look at the attachment and visit the homepage: http://www.mpib-berlin.mpg.de/summerinstitute ANNOUNCEMENT The 7th Summer Institute on Bounded Rationality in Psychology and Economics will introduce graduate students and early career researchers from different disciplines to the study of bounded and ecological rationality. This novel approach to human decision making examines the simple processes and cognitive mechanisms that enable good decision making in specific environments. This perspective has seen rapid theoretical development over the last decade with psychologists and economists taking the lead in showing how the study of bounded rationality can provide a greater understanding of the human mind and adaptive decision making. Classical theories of decision making are largely based on a vision of rationality that is unrealistic. For example, "rational" humans are often imagined to be equipped with unlimited knowledge, time, and information-processing power. In contrast, to understand the way that people with limited resources actually make good decisions in everyday social and economic tasks, bounded rationality (which should not be confused with optimization under constraints or the heuristics and biases program) starts with a more psychologically plausible perspective: Humans are able to make good decisions by using simple heuristic processes that are adapted to particular task environments (i.e. ecological rationality). AIM The main objective of the Summer Institute is to introduce students from various fields to the study of bounded rationality. This year our specific focus will be on ecological rationality. The first goal will be to provide an overview of the main research areas in which ecological rationality has been studied. This will include an introduction to the specific research methods used through participation in experiments, observations, and simulations. As well, participants and faculty will discuss several key findings from economics and psychology. To insure active involvement of all participants, lectures will be balanced with small group workshops. As a second goal, the Summer Institute will also give participants the opportunity to present their own research in a poster session, in order to facilitate feedback, discussion and future research development. BOARD The interdisciplinary Summer Institute is directed by Gerd Gigerenzer (Max-Planck-Institute for Human Development, Berlin, Germany). This year’s keynote speaker will be Nobel laureate Vernon Smith. Other faculty will include members of the organizing institute, as well as several invited international speakers from a variety of disciplines. APPLICATION To ensure an excellent learning environment participation in the summer school is limited to approximately 35 talented graduate students and postdoctoral fellows from around the world. The summer institute provides stipends to all participants to cover part of their expenses for travel and accommodation. Precise information on the stipends will be announced to the applicants at a later point in time. Interested students should apply by March 26, 2008 with a brief application letter, CV, and one short letter of recommendation, preferably sent by email. CONTACT For more details on the Summer Institute and the application process, please visit our website: www.mpib-berlin.mpg.de/summerinstitute < Field Assistants Needed - Study Tadpole Behavior in Panama | Research Assistant Position >
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Summer Institute on Bounded Rationality 2008
