Werner Güth is the Director of the Strategic Interaction Group at the Max Planck Institute of Economics, in Jena. Previously, Güth was professor at the Humboldt-University, Berlin. His specific take on economics, particularly game theory, experimental economics and microeconomics, is shaped by a strong interest in the social sciences, such as psychology and philosophy. In the field of game theory, Güth traces back one of the most famous economic experiments, following the psychological decision making processes of two game players. His research is set to account for different outcomes of the game, when it is modified.
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