![\"br.jpg\"](\"http:\/\/www.decisionsciencenews.com\/wp-content\/uploads\/2008\/02\/br.jpg\")
<\/p>\n7TH MAX PLANCK SUMMER INSTITUTE ON BOUNDED RATIONALITY<\/p>\n
<\/p>\n
ANNOUNCEMENT
\nThe 7th Summer Institute on Bounded Rationality in Psychology and Economics will
\nintroduce graduate students and early career researchers from different disciplines to the
\nstudy of bounded and ecological rationality. This novel approach to human decision making
\nexamines the simple processes and cognitive mechanisms that enable good decision
\nmaking in specific environments. This perspective has seen rapid theoretical development
\nover the last decade with psychologists and economists taking the lead in showing how the
\nstudy of bounded rationality can provide a greater understanding of the human mind and
\nadaptive decision making.<\/p>\n
Classical theories of decision making are largely based on a vision of rationality that is
\nunrealistic. For example, “rational” humans are often imagined to be equipped with
\nunlimited knowledge, time, and information-processing power. In contrast, to understand
\nthe way that people with limited resources actually make good decisions in everyday social
\nand economic tasks, bounded rationality (which should not be confused with optimization
\nunder constraints or the heuristics and biases program) starts with a more psychologically
\nplausible perspective: Humans are able to make good decisions by using simple heuristic
\nprocesses that are adapted to particular task environments (i.e. ecological rationality).<\/p>\n
AIM
\nThe main objective of the Summer Institute is to introduce students from various fields to
\nthe study of bounded rationality. This year our specific focus will be on ecological
\nrationality. The first goal will be to provide an overview of the main research areas in
\nwhich ecological rationality has been studied. This will include an introduction to the
\nspecific research methods used through participation in experiments, observations, and
\nsimulations. As well, participants and faculty will discuss several key findings from
\neconomics and psychology. To insure active involvement of all participants, lectures will be
\nbalanced with small group workshops. As a second goal, the Summer Institute will also
\ngive participants the opportunity to present their own research in a poster session, in order
\nto facilitate feedback, discussion and future research development.<\/p>\n
BOARD
\nThe interdisciplinary Summer Institute is directed by Gerd Gigerenzer (Max-Planck-
\nInstitute for Human Development, Berlin, Germany). This year’s keynote speaker will be
\nNobel laureate Vernon Smith. Other faculty will include members of the organizing
\ninstitute, as well as several invited international speakers from a variety of disciplines.<\/p>\n
APPLICATION CONTACT 7TH MAX PLANCK SUMMER INSTITUTE ON BOUNDED RATIONALITY 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3,13,10],"tags":[],"class_list":["post-308","post","type-post","status-publish","format-standard","hentry","category-conferences","category-programs","category-sjdm"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4LKj-4Y","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=308"}],"version-history":[{"count":0,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/308\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nTo ensure an excellent learning environment participation in the summer school is limited
\nto approximately 35 talented graduate students and postdoctoral fellows from around the
\nworld. The summer institute provides stipends to all participants to cover part of their
\nexpenses for travel and accommodation. Precise information on the stipends will be
\nannounced to the applicants at a later point in time. Interested students should apply by
\nApril 7, 2008 <\/strong>with a brief application letter, CV, and one short letter of recommendation,
\npreferably sent by email.<\/p>\n
\nFor more details on the Summer Institute and the application process, please visit our
\nwebsite: www.mpib-berlin.mpg.de\/summerinstitute<\/p>\n","protected":false},"excerpt":{"rendered":"