The Summer Institute provides an interdisciplinary platform for sharing knowledge and discussing the importance and application of simple solutions to complex problems. Participants are introduced to research practices from different disciplines. Seminars, talks, panel discussions, workshops,...

The Summer Institute brings together talented young researchers and renowned scientists from around the globe and aims to spark a dialogue about decision making under the real world constraints of limited time, information, or computational power. The Summer Institute offers a forum for young...

The Summer Institute on Bounded Rationality 2012 will have a focus on decision making in the wild. Formal decision making theory is an abstact construct of great internal coherence which however often lacks correspondence to real world problems. In contrast, the study bounded rationality focuses...

The Summer School “Bounded Rationality – Foundations of an Interdisciplinary Decision Theory” will bring together young researchers across the social sciences to seek a common understanding of how Homo sapiens forms decisions. Bounded rationality is the key to understanding how people...

Throughout the course of evolution and personal experiences, biological beings acquire strategies to extract information from their environment in a fast and accurate way. This concept of rationality is opposed to the classical view of rationality, which provides the grounds­ for theories of...

The International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World (Uncertainty School) combines approaches from Economics, Law and Psychology to explain human decisions under uncertainty more effectively and to better design institutional responses.

The Summer Institute on bounded rationality in psychology and economics intends to provide a view of human rationality that is anchored in the psychological possibilities of actual humans rather than in the fictional construct of Homo economicus. The common view of economic theory and the...

The study of bounded rationality rests on multiple methods. Participants of the Summer Institute will be introduced to the sometimes surprisingly different research practices of two neighboring fields, psychology and economics, including theoretical modeling of heuristics (i.e., computational...