Nobel Winner Draws KU Alumni Into Mock Auctions
Nobel laureate and KU alum is urging students to join simulated auctions with varied rules to study market efficiency. His wind tunnel style tests explore deregulation and privatization impacts, linking to Australia New Zealand government work and California water markets. EU economist Mohamed El-Hadiri notes Smith’s theories permeate classrooms, while acknowledging limits on experimentation in economies.
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Ing
Australia
New Zealand
California
Mohamed El-Hadiri
EU Economics
Smith
Vernon L. Smith Wins Nobel Prize in Economics for Experimental Research
Vernon L. Smith, Kansas University alumnus and economist, was named a Nobel Prize winner for economics for his work in establishing experimental methods in economic analysis. Born in Wichita and educated at Caltech, Smith studied at KU before earning a PhD from Harvard in 1955. He has taught at multiple universities and founded the International Foundation for Research in Experimental Economics, planning to donate prize money. The Koch Foundation aided his move to George Mason University in 2001, and he has returned to KU for seminars and model development.
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Vernon Smith
Purdue University
Smith
Kansas University
International Foundation For Research In Experimental Economics
Wichita
California Institute of Technology
Lawrence
Richard Howe
Cal Tech
Harvard University
Brown University
University of Massachusetts
University of Southern
Nia
University of Arizona
Koch Foundation
George Mason University
Charles Koch
Koch Industries
George Mason
Mercatus Center
Royal Swedish Academy of Sciences
Stockholm Academy
Nobel Foundation
Nobel day pairs Kahneman economics prize with chemistry winners
Nobel Day honors Karl Kahneman sharing the 2002 Economics Prize for integrating psychology with economics and decision making under uncertainty. Chemistry laureates John Fenn, Koichi Tanaka, and Kurt Wuethrich are cited for mass spectrometry and nuclear magnetic resonance advances that enable protein identification and three dimensional imaging for drug discovery and cancer diagnostics.
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Stockholm
Sweden
Daniel Kahneman
U.S
Princeton University
New Jersey
Kahneman
Royal Swedish Academy of Sciences
Academy
John B. Fenn
United States
Koichi Tanaka
Japan
Kurt
Wuethrich
Switzerland
Fenn
Virginia Commonwealth University
Richmond
Tanaka
Shimadzu Corp
Kyoto
Federal Institute of Technology
Zurich
Scripps Research Institute
San Diego
Kansas higher ed grades slip in most categories
A state report shows Kansas scoring lower in participation completion and benefits while preparation stays at a B and affordability rises slightly. Participation falls from A to A minus, completion from B to B minus, and benefits from B to C plus, with affordability scoring up but not keeping pace with others.
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Kansas
California
Wilcox
Topeka
Dick Carter
Kansas Board of Regents
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