Vernon L. Smith
✓ Source-basedstableAmerican economist
Vernon Lomax Smith is an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent's Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center.
Also inDeutsch
Photos 1
In their own words 10
In the Autumn semester, 1955, I taught Principles of Economics, and found it a challenge to convey basic microeconomic theory to students.
Vernon L. Smith (2002) in: "Vernon L. Smith - Biographical". Nobelprize.org. Nobel Media AB 2013. Web. 13 Jun 2014.
Three precepts are offered to constitute a foundation for the use of laboratory experimental methods in testing hypotheses about the behavior of allocation mechanisms.
p. 346.
Nonsatiation (Smith, 1976a).
p. 346.
Awards 5
Nearby in academics 6
About this person
Vernon Lomax Smith is an American economist who is currently a professor of economics and law at Chapman University. He was formerly the McLellan/Regent's Professor of Economics at the University of Arizona, a professor of economics and law at George Mason University, and a board member of the Mercatus Center. Along with Daniel Kahneman, Smith won the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his work in the field of experimental economics, which helped establish "laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
United StatesFame.am measures public visibility signals. It does not measure human value, talent, morality, or credibility.