The summer school is intended to foster reflection on economic models of rational as well as bounded or irrational decision, focusing on their explanatory power as well as normative/policy implications. The school consists of lectures, presentations, and tutorials. The invited speakers lecture on the topics related to the school’s general theme. Students present their papers; each paper is discussed by another student, one faculty member, and the floor. During tutorials, a faculty member discusses with a student her/his paper in a one-to-one 45-minute discussion.