Vernon L. Smith
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Vernon L. Smith
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2002
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."
Contribution: Developed methods for laboratory experiments in economics, which has helped our understanding of economic behavior.
Prize share: 1/2
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Nobel Prizes 2020
Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind.
Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.
See them all presented here.
Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.
See them all presented here.
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