Q:Facts: - contributions: combinatorial auction experimental economics - influences: leontief , hayek , mises - field: behavioral economics - school tradition: new classical economics - birth date: 1 january 1927 - repec prefix: e - name: vernon l. smith - color: indigo - nationality: united states - image: vernonsmith2.jpg - birth place: wichita , kansas Based on these bullet points, write a short biography describing the life of vernon l. smith .
A:
vernon lomax smith -lrb- born january 1 , 1927 -rrb- is professor of economics at chapman university 's argyros school of business and economics and school of law in orange , california , a research scholar at george mason university interdisciplinary center for economic science , and a fellow of the mercatus center , all in arlington , virginia .smith shared the 2002 nobel memorial prize in economic sciences with daniel kahneman .he is the founder and president of the international foundation for research in experimental economics , a member of the board of advisors for the independent institute , and a senior fellow at the cato institute in washington d.c. .in 2004 smith was honored with an honorary doctoral degree at universidad francisco marroquin , the institution that named the vernon smith center for experimental economics research after him .