International Summer School on Behavioral Economics and Psychology, Czech Republic

Publish Date: Jul 01, 2016

Deadline: Jan 31, 2017


Over the past 10 years we have been witnessing a significant increase in a number of scientific studies which analyze day-to-day decision-making by using psychological tools and experimental designs. The purpose of this new approach, often called behavioral economics, is to enrich traditional economic conceptions of human decision-making employed by the currently dominant theory of rational choice. This new approach is providing descriptively more fitting accounts of human behavior by showing, for example, that when trying to follow our decisions we, as humans, are constrained by limited will-power.

Most of us want to go to the gym more often, stop eating junk food, quit smoking, reduce drinking, and live “better” in general. And so often we fail because our will power is limited, once we focus on one target, we fail even more in others. Those knowing that, try to boost their motivation or limit failing by participating in Christmas clubs or using iPhone apps that will share embarrassing pictures of them with their friends in case they fail to eat healthy. Similar limitations can be observed with respect to our rational decision-making that is “rational” only sporadically. We give higher tips to smiling waitresses with short skirts even in pubs we will never ever visit again (there is really no “economic” reason for that) and we follow our do-not-cheat principles even though no one is watching and we cannot get fined for doing so. And of course, we are generally nice to each other as we are self-interested and in many cases even altruistic.

Recently, more and more studies present a variety of decision-making errors and biases under the umbrella of the trio of limited will power, limited self-interest and bounded rationality.


Insights obtained from behavioral economics research can be used to design new institutional settings that will help people avoid negative consequences of their systematic errors in decision making, yet maintain the possibility of freedom of choice for those who wish to diverge from the default. This “libertarian paternalistic” approach provides one of the most interesting and practical frameworks for creating incentive structures not only in public policy sphere, but also in management and marketing.

The aim of the program is therefore to provide students with a unique opportunity to gain or deepen their knowledge of decision-making and its errors, and behavioral economics implications for policy making and public institutional settings, as well as its practical implications for the realm of organizational management. In order to better understand scientific methods used in research, the participants will design their own experiments under the supervision of the lecturers, conduct them, and present their results to the other participants, who subject them to critical discussions.

The knowledge and analytical skills, which the students shall acquire, can be utilized in the areas of policymaking, management, marketing and advertising, consulting, as well as media. Visit ACADEMICS to find out more about the program.


The classes will be held at the Prague Summer Schools venue (Marianeum, Machova 7, Vinohrady, Prague 2, website). Accommodation will be provided to students in double rooms at the accommodation facilities in the venue or Hotel Ametyst which is located within a walking distance from the venue. Each room is equipped with a shower, WC, satellite TV, Internet connection and telephone. Meals provided by the organizer will include breakfasts served in the hotel and dinners in restaurant located nearby the Summer School venue. As the days are demanding there will be coffee, tea and small snack available free of charge during the breaks between lectures.

Application Procedure

Although there are application deadlines, students are accepted on rolling basis. In order to allow time to carefully review all student application materials, an e-mail notifying the application status to Prague Summer Schools will be sent to applicants approximately 14 days after the application is received. Applications received by the early bird application deadline of January 31st will receive preference in admission decisions. Late applications may be considered. However, late applicants run the risk of finding the program full. All students will be informed about admissions decisions by April 1. Participants will be selected according to the following three criteria:

  • Educational Background (Year, Grade Point Average and Area of Study)
  • Statement of Purpose
  • Level of English (if applicable)

Approximately 30 students will be admitted to every program of Prague Summer School. We intend to restrict the class size to ensure interactive courses and discussions. We aim to create a truly international student body. Students must be currently enrolled in a college or university or be recent graduates. The Prague Summer Schools admit both undergraduate and graduate level students. Priority will be given to students with at least some academic background related to the topics of Prague Summer Schools. Nevertheless, students of other academic backgrounds, but with strongly demonstrated interest in the Summer School topic, will be considered on an equal basis. Students admitted to Prague Summer Schools are expected to participate fully in the program by attending all classes, lectures and social events.

Program cost

The program fee for early-bird applications: 720 EUR

The program fee for students who submit their applications after January 31st: 790 EUR

The program fee covers:

  • Tuition and reading materials
  • Accommodation in double rooms for one week
  • Half board which includes breakfasts, dinners and coffee breaks
  • Prague public transportation tickets and maps
  • Site visits, social program, and cultural and special events (e.g. boat tour on the Moldau River, tours of Prague by a local homeless and farewell dinner).

Students are responsible for their travel to Prague, lunches and personal expenses. You can find more information about eating out in Prague here.

The individual deadlines for the receipt of payment will be stated in the official letter of acceptance. Payment plans can be arranged. The final deadline for receiving payments is 1 May.


Unfortunately, as a non-profit organization, SCHOLA EMPIRICA is not able to provide students with financial aid. Nonetheless, we do encourage students to explore funding opportunities available through their home universities, non-governmental organizations and government sources.

Who can apply?

PSS are open to students (both undergraduate and graduate level) and recent graduates who wish to deepen or broaden their knowledge in a specific field.

You need to apply through the online application which you can find in the homepage of the announcement.

For more information click "Further official information" below.

This opportunity has expired. It was originally published here:

Similar Opportunities



Eligible Countries


Host Countries

Czech Republic