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Vernon L. Smith, also known as Vernon Lomax Smith, is an economist born on January 1, 1927, in Wichita, Kansas. He is a citizen of the United States. Smith is known for his work in combinatorial auctions and experimental economics.
Smith's education includes studying at several institutions such as Wichita North High School, Friends University, University of Kansas, Kansas State University, University of Massachusetts Amherst, California Institute of Technology, and Harvard University. His doctoral advisor at Harvard University was Wassily Leontief. Among Smith's doctoral students is Paul Beach.
Vernon L. Smith's academic disciplines include economics and experimental economics. In 2002, Smith was awarded the Nobel Memorial Prize in Economic Sciences.