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Vernon L. Smith BSEE, Ph.D.[Economics]

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002
Nobel co-recipient Daniel Kahneman

Electrical Engineer, Experimental Economist. Founder, International Foundation for Research in Experimental Economics; Founder Economic Science Institute at Chapman University.

"... If I am ever reborn, I hope to be a madman yet again ..."

Images

1927 Vernon Mom

1927 Vernon, Mom

1928 Vernon on piano bench

1928 Vernon on piano bench

1930 Dad

1930 Dad

Vernon on farm

1933 Vernon on farm, with house that Grandma Lomax built

1937 Grandpa Lomax (3rd from left) with crew of the MOP�s engine # 1478

1937 Grandpa Lomax (3rd from left) with crew of the MOP's engine # 1478

1938 Aileen

1938 Aileen

1940 Dad, Mom in costume for �Indian Love Call.�

1940 Dad, Mom in costume for "Indian Love Call."

1946 Grandma (McCurdy) and Grandpa Smith

1946 Grandma (McCurdy) and Grandpa Smith

1951 Joyce, Dad, Deborah, Mom, Eric in porch swing

1951 Joyce, Dad, Deborah, Mom, Eric in porch swing

1956 Marlene, Grandma (Moore) Lomax, Cindy, Billye, Mom.
Five generation picture with Marlene�s newborn daughter.
at Couples Coop, 1334 Ohio, Lawrence, Kansas.

1956 Marlene, Grandma (Moore) Lomax, Cindy, Billye, Mom. Five generation picture with Marlene's newborn daughter

1974 Carol, Vernon, Space needle photo coin booth.

1974 Carol, Vernon, Space needle photo coin booth.

1970s Pete Steel giving his interpretation of
pictographs on a Grand Gulch pack trip.

1970s Pete Steel giving his interpretation of pictographs on a Grand Gulch pack trip.

1981 Sophie, Lucy, Vernon, Josh. 1989

1981 Sophie, Lucy, Vernon, Josh. 1989

1989 Vernon at Purdue for Honorary degree ceremony.

1989 Vernon at Purdue for Honorary degree ceremony.

1995 Eric, Vernon, Deborah, Torrie, Josh.

1995 Eric, Vernon, Deborah, Torrie, Josh.

1996 Vernon at Caltech for commencement
and Distinguished Alumni award.

1996 Vernon at Caltech for commencement and Distinguished Alumni award.

2002 Vernon and King (Carl XVI Gustaf
of Sweden) at Nobel ceremony.

2002 Vernon and King (Carl XVI Gustaf of Sweden) at Nobel ceremony.

2002 Vernon�s Nobel Banquet toast affi rming the dignity of human kind.

2002 Vernon's Nobel Banquet toast affirming the dignity of human kind.

2002 Candace and Vernon at Nobel Festivities.

2002 Candace and Vernon at Nobel Festivities.

2003 Vernon and Candace, Sydney Australia 2003

2003 Vernon and Candace, Sydney Australia 2003

2004 Vernon and Candace, Quinahagak Allaska fi sh processing plant.

2004 Vernon and Candace, Quinahagak Alaska fish processing plant.

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Smith
Photo: Courtesy Dr. Vernon Smith. Painting Tim Tompkins - PaintHistory.com

Name: Vernon Lomax Smith
Birth: 1 January 1927, Wichita, KS, USA
Institution: George Mason University, Fairfax, VA, USA
Award: for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms.
Subject: economic psychology, experimental economics
Portion of cash: 1/2
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