The Business Ethics Center of Corvinus University of Budapest organized the “Behavioral Business Ethics” CEMS PhD Seminar in Budapest in March 20-22, 2009. There were 10 participants including PhD students from London School of Economics, Norwegian School of Economics and Business Administration – Bergen, and Corvinus University of Budapest. The seminar introduced cutting-edge results and approaches in business ethics. Behaviorial economics and moral psychology were applied to arrive at more robust models of business ethics.