Prof. Dr. Klaus M. Schmidt

Klaus M. Schmidt (b. 1961) is full professor of economics at the Ludwig-Maximillian-University in Munich since 1995. He did his graduate studies in economics at the London School of Economics and the University of Bonn where he received his PhD in 1991. He was a visiting professor at the Massachusetts Institute of Technology, at Stanford, Yale, Berkeley, and Harvard.

His main fields of research are game theory and contract theory, behavioural and experimental economics, climate economics and political economy. In recent years the focus of his research has been on the modelling and the experimental analysis of behavioural biases and pro-social behaviour. His work has been published in top international journals, including the American Economic Review, Econometrica, the Quarterly Journal of Economics and the Review of Economic Studies.

Klaus Schmidt is a member (and former chairman) of the Scientific Advisory Board of the Federal Ministry of Economics in Germany, he is president of the German Economic Association, and he is the scientific co-organizer of the Lindau Nobel Laureate Meetings in Economics. He is a member of the Berlin-Brandenburg Academy of Sciences, a fellow of the Econometric Society and of the CESifo and CEPR research networks. He received the Gossen Price of the German Economic Association, the Research Price of the Berlin-Brandenburg Academy of Sciences, and the Cross of Merit, First Class, of the Federal Republic of Germany.