Vernon L. Smith
Vernon Lomax Smith born January 1, 1927 is an American economist and professor of business economics as alive as law at Chapman University. He is formerly the professor of economics at the University of Arizona, professor of economics and law at George Mason University, and a board section of the Mercatus Center. Along with Daniel Kahneman, Smith divided up the 2002 Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and his cause in the field of experimental economics. He worked to instituting 'laboratory experiments as a tool in empirical economic analysis, particularly in the explore of pick market mechanisms'.
Smith is the founder and president of the International Foundation for Research in Experimental Economics, a section of the Board of Advisors for The self-employed adult Institute, a Senior Fellow at the Cato Institute in Washington D.C. In 2004 Smith was honored with an honorary doctoral measure at Universidad Francisco Marroquín, the institution that named the Vernon Smith Center for Experimental Economics Research after him. He was also a founding board member of the Center for Growth and opportunity at Utah State University.