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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002
Daniel Kahneman, Vernon L. Smith

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Vernon L. Smith - Facts

Vernon L. Smith

Vernon L. Smith

Born: 1 January 1927, Wichita, KS, USA

Affiliation at the time of the award: George Mason University, Fairfax, VA, USA

Prize motivation: "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms"

Field: economic psychology, experimental economics

Contribution: Developed methods for laboratory experiments in economics, which has helped our understanding of economic behavior.

Prize share: 1/2

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This Prize was established in memory of Alfred Nobel.