Vernon Smith Receives Nobel Prize Today

Posted: December 10, 2002 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

By Daniel Walsch

Vernon Smith, professor of law and economics at George Mason, will formally be awarded the 2002 Nobel Prize in Economic Sciences in ceremonies today at Stockholm University. The ceremony can been seen at 10:30 a.m. (4:30 p.m. in Stockholm) at

On Dec. 8 in Stockholm, he gave a special lecture on his groundbreaking work in experimental economics before an audience of several hundred scholars that also included nearly 40 family members, friends, and colleagues from George Mason and the University of Arizona.

Smith pioneered the field of experimental economics nearly 50 years ago and currently leads a team of economists at George Mason’s Interdisciplinary Center for Economic Science. He is a faculty member in the School of Law and Department of Economics and a fellow of the Mercatus Center.

Smith shares the honor, which was announced nearly two months ago, with Princeton University professor Daniel Kahneman.

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