Werner Güth (born 2 February 1944) is a German
economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
who, together with Rolf Schmittberger and Bernd Schwarze, first described the
ultimatum game
The ultimatum game is a popular experimental economics game in which two players interact to decide how to divide a sum of money, first described by Nobel laureate John Harsanyi in 1961. The first player, the proposer, proposes a division of the ...
. He is currently Emeritus Director at the
Max Planck Institute for Research on Collective Goods.
[Prof. em. Dr. Werner Güth](_blank)
'' Max Planck Institute for Research on Collective Goods''.
Biography
Güth was born on 2 February 1944 in
Rudolstadt, Thuringia, Germany. He obtained his MA in Economics and PhD from the
University of Münster
The University of Münster (, until 2023 , WWU) is a public research university located in the city of Münster, North Rhine-Westphalia in Germany.
With more than 43,000 students and over 120 fields of study in 15 departments, it is Germany's ...
in 1970 and 1972, respectively, and completed his
habilitation
Habilitation is the highest university degree, or the procedure by which it is achieved, in Germany, France, Italy, Poland and some other European and non-English-speaking countries. The candidate fulfills a university's set criteria of excelle ...
in 1976. He worked as Professor in Economic Theory at the
University of Cologne
The University of Cologne () is a university in Cologne, Germany. It was established in 1388. It closed in 1798 before being re-established in 1919. It is now one of the largest universities in Germany with around 45,187 students. The Universit ...
from 1977 to 1986, the
Goethe University Frankfurt
Goethe University Frankfurt () is a public research university located in Frankfurt am Main, Germany. It was founded in 1914 as a citizens' university, which means it was founded and funded by the wealthy and active liberal citizenry of Frankfurt ...
from 1986 to 1994 and the
Humboldt University of Berlin
The Humboldt University of Berlin (, abbreviated HU Berlin) is a public research university in the central borough of Mitte in Berlin, Germany.
The university was established by Frederick William III on the initiative of Wilhelm von Humbol ...
from 1994 to 2001 before becoming Director and Scientific Member of the
Max Planck Institute of Economics from 2001 to 2014 and an Emeritus Director at the
Max Planck Institute for Research on Collective Goods. He was President of the
International Association for Research in Economic Psychology
The International Association for Research in Economic Psychology, usually abbreviated IAREP, is an interdisciplinarity, interdisciplinary learned society concerned with all areas in which the disciplines of economics and psychology overlap, includ ...
(IAREP) from 1995 to 1997. Güth has also been Honorary Professor of Economics at the
University of Jena
The University of Jena, officially the Friedrich Schiller University Jena (, abbreviated FSU, shortened form ''Uni Jena''), is a public research university located in Jena, Thuringia, Germany.
The university was established in 1558 and is cou ...
since 2002 and received honorary doctorates from the
University of Tübingen
The University of Tübingen, officially the Eberhard Karl University of Tübingen (; ), is a public research university located in the city of Tübingen, Baden-Württemberg, Germany.
The University of Tübingen is one of eleven German Excellenc ...
and the
University of Karlsruhe
The Karlsruhe Institute of Technology (KIT; ) is both a German public university, public research university in Karlsruhe, Baden-Württemberg, and a research center of the Helmholtz Association.
KIT was created in 2009 when the University of Ka ...
in 2010.
Prof. Dr. Werner Güth Curriculum Vitae
''Max Planck Society
The Max Planck Society for the Advancement of Science (; abbreviated MPG) is a formally independent non-governmental and non-profit association of German research institutes. Founded in 1911 as the Kaiser Wilhelm Society, it was renamed to the M ...
''.experimental economics
Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic expe ...
, game theory
Game theory is the study of mathematical models of strategic interactions. It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. Initially, game theory addressed ...
, decision theory
Decision theory or the theory of rational choice is a branch of probability theory, probability, economics, and analytic philosophy that uses expected utility and probabilities, probability to model how individuals would behave Rationality, ratio ...
and behavioral economics
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economi ...
.Reinhard Selten
Reinhard Justus Reginald Selten (; 5 October 1930 – 23 August 2016) was a German economics, economist, who won the 1994 Nobel Memorial Prize in Economic Sciences (shared with John Harsanyi and John Forbes Nash, John Nash). He is also well ...
, Amnon Rapoport, Martin Kocher
Martin Georg Kocher (; born 13 September 1973) is an Austrian economist, academic, and politician who has been Minister of Labour since January 2021 and Ministry of Digital and Economic Affairs since 11 May 2022. He was a professor at the Uni ...
, Uri Gneezy
Uri Hezkia Gneezy (Hebrew language, Hebrew: אורי גניזי; born June 6, 1967) is an Israeli-American behavioral economist, known for his work on incentives. He currently holds the Epstein/Atkinson Endowed Chair in Behavioral Economics at th ...
, and Boris Maciejovsky.
Selected publications
* Güth, W.; Schmittberger, R. & B. Schwarze (1982). "An Experimental Analysis of Ultimatum Bargaining". '' Journal of Economic Behavior and Organization'', 3, pp. 367–388.
* Güth, W. & M. Yaari (1992). "An Evolutionary Approach to Explain Reciprocal Behavior in a Simple Strategic Game". In U. Witt. ''Explaining Process and Change – Approaches to Evolutionary Economics''. Ann Arbor. pp. 23–34.
* Güth, W. & H. Kliemt (2000). "Evolutionarily Stable Co-operative Commitments". '' Theory and Decision'', 49 (3), pp. 197–221.
Publications about Güth
* van Damme, E.; Binmore, K. G.; Roth, A. E.; Samuelson, L.; Winter, E.; Bolton, G. E.; Ockenfels, A.; Dufwenberg, M.; Kirchsteiger, G.; Gneezy, U.; Kocher, M. G.; Sutter, M.; Sanfey, A. G.; Kliemt, H.; Selten, R.; Nagel, R. & O. H. Azar (2014). "How Werner Güth's ultimatum game shaped our understanding of social behavior". ''Journal of Economic Behavior and Organization'', 108, pp. 292–318.
See also
* Ultimatum game
The ultimatum game is a popular experimental economics game in which two players interact to decide how to divide a sum of money, first described by Nobel laureate John Harsanyi in 1961. The first player, the proposer, proposes a division of the ...
References
External links
How Do Players Split an Amount of Money in the Ultimatum Game?
explanation by Güth on the ultimatum game
{{DEFAULTSORT:Güth, Werner
Living people
1944 births
People from Rudolstadt
21st-century German economists
University of Münster alumni
Max Planck Institute directors