As last year, master's thesis defenses have been moved online at ICEF. Defending their papers were thirty-six majors in Financial Economics. The thesis by Varvara Ushakova, titled The Impact of Economic Incentives on Dishonesty, earned special mention of the board as unique among its kind in HSE’s history of thesis defenses. We asked the graduates how they chose their topics, what they learned from their research supervisors at ICEF, and where they see themselves applying their knowledge.