Vernon Smith was awarded Nobel Prize 2002 in Economic Sciences "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
Nationality United States
Institution George Mason University, Department of Economics
Award 2002
Discipline Economic Sciences
Co-recipients Daniel Kahneman
MotivationAwarded with Nobel Prize 2002 in Economic Sciences "for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
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Further Information on the Official Web Site of the Nobel Prize
