Max Planck Institute of Economics

The Max Planck Institute of Economics, based in Germany, is a research facility dedicated to studying economic behavior and systems. It conducts comprehensive research to understand how markets, industries, and individual decision-making work, often using interdisciplinary approaches like psychology, sociology, and mathematics. The institute aims to improve economic theories and inform better policy decisions by exploring patterns, innovations, and the impact of economic dynamics globally. It is part of the Max Planck Society, renowned for advancing scientific knowledge and fostering collaboration among scholars worldwide.