Vernon L. Smith

Vernon L. Smith, a Nobel-prize winning economist and emeritus professor at Chapman University, dives into the intersection of human behavior and economics. He highlights how Adam Smith's lesser-known theories on moral sentiments offer insights into behavioral economics. The discussion points to the psychological dynamics in asset trading, emphasizing the cycles of overconfidence and regret. Smith advocates for a collaborative academic approach and reinterprets Smith's classic works to enrich modern economic understanding.