Vernon L. Smith
| Vernon L. Smith | |
|---|---|
 |
|
| Born |
Vernon Lomax Smith January 1, 1927 Wichita, Kansas |
| Nationality | American |
| Field | Experimental economics |
| School or tradition |
New classical economics |
| Alma mater |
California Institute of Technology (BA) University of Kansas (MA) Harvard University (PhD) |
| Influences | Hayek, Richard S. Howey |
| Contributions |
Combinatorial auction Experimental economics |
| Awards | Nobel Memorial Prize in Economic Sciences (2002) |
| Information at IDEAS / RePEc | |
Vernon Lomax Smith (born January 1, 1927) is an American professor of economics at Chapman University's Argyros School of Business and Economics and School of Law in Orange, California, formerly a research scholar at George Mason University Interdisciplinary Center for Economic Science, and a Fellow of the Mercatus Center, all in Arlington, Virginia. Smith shared the 2002 Nobel Memorial Prize in Economic Sciences with Daniel Kahneman. He 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, and 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, the institution that named the Vernon Smith Center for Experimental Economics Research after him.
Smith was born in Wichita, Kansas, where he attended Wichita North High School and Friends University. He received his bachelor's degree in electrical engineering from Caltech in 1949, an M.A. in economics from the University of Kansas in 1952, and his Ph.D. in economics from Harvard University in 1955.
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