Born 1944 in Rudolstadt. Study of economics at the University of Münster, MA in economics (1970), doctorate (1972) and German Habilitation (1976), Professor for Economic Theory of the University of Cologne (1977–1986), the University of Frankfurt (Main) (1986–1994) and Humboldt University of Berlin (1994–2001),  Director of the Strategic Interaction Group of the Max Planck Institute for Research into Economic Systems (since 2005 Max Planck Institute of Economics) in Jena (2001–2014), (Emeritus), Honorary Professor of Economics at Friedrich Schiller University, Jena (since 2002) and at LUISS University Rome (since 2021). Initiator (with Christoph Engel) of the International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World (2006–2018). In 2010, Werner Güth received honorary doctorates from the Universities of Tübingen and Karlsruhe. Senior Professor at the Frankfurt School of Finance & Management (since 2015), Professor (fama clara) for economics at LUISS University Rome (2015–2020), Research Professor Middlesex University London (2021–2023), Emeritus director at the Max-Planck Institute for Research on Collective Goods, Bonn, (2015–present).