Vernon L. Smith

Vernon L. Smith
Smith in January 2011
Born
Vernon Lomax Smith

(1927-01-01) January 1, 1927 (age 97)
NationalityAmerican
EducationCalifornia Institute of Technology (BS)
University of Kansas (MA)
Harvard University (PhD)
Academic career
FieldExperimental economics
School or
tradition
New classical economics
Doctoral
advisor
Wassily Leontief
InfluencesFriedrich von Hayek, Richard S. Howey
ContributionsCombinatorial auction
Experimental economics
AwardsNobel Memorial Prize in Economic Sciences (2002)
Information at IDEAS / RePEc

Vernon Lomax Smith (born January 1, 1927) is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics at the University of Arizona, professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith shared the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics. He worked to establish 'laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms'.[1][2]

Smith is the founder and president of the International Foundation for Research in Experimental Economics, a Member of the Board of Advisors for The Independent Institute, a Senior Fellow at the Cato Institute in Washington D.C. In 2004 Smith was honored with an honorary doctoral degree at Universidad Francisco Marroquín,[3] the institution that named the Vernon Smith Center for Experimental Economics Research after him.[4] He was also a founding board member of the Center for Growth and Opportunity at Utah State University.[5][6][7] As of 2023, Smith also sits on the Advisory Board for Florida Atlantic University's Madden Center for Value Creation.[8]

  1. ^ "Nobel Prize 2002". Archived from the original on 2020-10-26. Retrieved 2020-11-25.
  2. ^ Cite error: The named reference bio was invoked but never defined (see the help page).
  3. ^ "Honorary Doctoral Degrees at Universidad Francisco Marroquín". Archived from the original on 2011-05-01.
  4. ^ "El Centro Vernon Smith de Economía Experimental". Universidad Francisco Marroquín. Archived from the original on 2017-07-08. Retrieved 2017-10-21.
  5. ^ "Board Members – Center for Growth and Opportunity". Archived from the original on 2018-05-18. Retrieved 2018-05-17.
  6. ^ "Vernon Smith: Board Member". Mercatus Center. 2008-08-15. Archived from the original on 2017-10-22. Retrieved 2017-10-21.
  7. ^ Cite error: The named reference cv was invoked but never defined (see the help page).
  8. ^ "Madden Center for Value Creation | FAU Business". business.fau.edu. Retrieved 2023-06-13.

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