Economic Science Institute

In January 1956, Professor Vernon L. Smith conducted his first experiment with an introductory economics class because he believed there had to be a better way to teach economics. That experiment led him to develop a new way to teach and research economics, and it became the contribution for which the Chapman University professor was awarded a share of the 2002 Nobel Prize in Economic Science. In 2008, Prof. Smith and his colleagues Profs. John Dickhaut, David Porter, Stephen Rassenti, and Bart Wilson founded the Economic Science Institute (ESI) at Chapman.

So, what is ESI and experimental Economics? Learn more...