About Smith Economics Group
Stan V. Smith, Ph.D. is a University of Chicago educated economist and financial consultant. As an economic expert and consultant for plaintiff and defense attorneys representing clients in federal and state courts nationwide, he and his staff economists provide analysis, testimony, and litigation support services in evaluating damages.
Stan V. Smith Curriculum Vitae
Economic Analysis Models
Dr. Smith has developed state-of-the-art econometric analysis models to analyze economic and financial issues, including damages analysis for:
- Commercial damages of all types
- Lost earnings capacity
- Life care plan and other medical costs evaluations
- Household services, including housekeeping, guidance, and accompaniment
- Society & Relationship
- Loss of enjoyment of life - hedonic damages (an economic model illustrating the statistical value of life in death cases, as well as the reduction of the value to lead a normal life in wrongful injury cases)
- Personal consumption and fringe benefits
- Product liability
- Pension fund evaluation and withdrawal liability
- Structured settlement analysis
- Identity theft and other types of credit damages
Hedonic Damages
Dr. Smith's concept of "hedonic damages" is acknowledged by judges, attorneys, and legal journalists as one of the most innovative tort concepts in the last 30 years. He has been interviewed and published in dozens of respected professional journals. He consulted for firms such as Kirkland & Ellis; Jenner & Block; Schiff Hardin; and Wildman Harrold, in Chicago, as well as thousands of other prominent firms nationwide.
