Experimental Economics: Behavioral Lessons for Theory and Microeconomic Policy

Vernon L. Smith is Regents Professor of Economics and research director of the Economic Science Laboratory at the University of Arizona. He is author of more than 100 articles and books on capital theory, finance, natural resource economics, and the application of experimental methods in economic analysis, and has served on the board of editors of the American Economic Review, the Cato Journal, Journal of Economic Behavior and Organization, the Journal of Risk and Uncertainty, and Science.

Professor Smith is past president of the Public Choice Society, the Economic Science Association, and the Western Economic Association. His previous faculty appointments include Purdue University, Brown University, and the University of Massachusetts. He has been a Ford Foundation Faculty Research Fellow, Fellow of the Center for Advanced Study in the Behavioral Sciences, and a Sherman Fairchild Distinguished Scholar at the California Institute of Technology. Professor Smith was awarded numerous grants from the National Science Foundation and other organizations. He has received an honorary doctor of management degree from Purdue University and is a Fellow of the Econometric Society.

*This biography was taken from Frontiers of Research in Economic Theory: The Nancy L. Schwartz Memorial Lectures, 1983-1997