Stan V. Smith, Ph.D.
Curriculum Vitae

Smith Economics Group, Ltd. — Consultants and Experts in Economics and Finance. President, 11/85 to present. Assisted in the successful resolution of thousands of lawsuits on behalf of clients that include many dozens of the nation’s largest law firms, the U.S. Department of Justice, as well as thousands of other prominent plaintiff and defense law firms in almost every state. Firm provides economic and financial consulting and economic legal analysis in federal and state courts on damages of every sort: Business Damages including antitrust damages, patent valuation, breach of contract losses, and other commercial losses; Business Valuations; Personal Injury and Wrongful Death losses including lost wages, benefits, services, and other injury losses; Hedonic Damages; Wrongful Discharge, defamation and employment discrimination; Identity Theft and other credit damages; Product Liability; Pension Fund Evaluation and Withdrawal Liability, Security Losses.

DePaul University. — Adjunct Professor, College of Law, 1990 to 1994. Taught a full three-credit course in Advanced Remedies – Analysis of Economic Damages in Litigation, based on my textbook on Forensic Economics; delivered lectures to other courses in subsequent years. This was the first course taught nationwide in the area of Forensic Economics.

Ibbotson Associates, Inc. — Economic and Financial Consultants. Principal and Managing Director; Originator of SBBI Subscription Services, 11/81 to 11/85. Firm provides consulting to hundreds of the nation’s most prominent money managers, law firms, brokerage firms, and pension funds.

Seaquest International, Inc. — Founder and President, 7/77 to 11/81. Developed and financed sophisticated research, search, and recovery technologies for ancient underwater artifacts.

The December Group, Ltd. — Investment Banking Consultants. Associate Economic Analyst 12/74 to 7/77. Firm specialized in mergers and acquisitions, leveraged buy-outs, divestitures and financing specialized start-ups with venture capital.

JPMorgan Chase Bank – Chicago. — Staff Economist, 3/74 to 12/74. Analyzed bank credit and service pricing policies.

Federal Reserve System — Staff Economist at Board of Governors, Washington, D.C. 9/73 to 2/74.

University of Chicago. — Lecturer in Public Policy Economics, 3/73 to 6/73. Research Assistant in Economics, 3/70 to 6/73.

Midlothian Manufacturing Co. — Vice President, 9/68 to 3/73. Responsible for marketing to retail and industrial clients; responsible for production control.

Educational Background

University of Chicago, Chicago IL. Ph.D. in Economics, 1997; Support Areas in Finance and Econometrics. Honors: Allied Chemical Scholar and Federal Reserve Internship.  The University of Chicago is recognized as a world preeminent institution for the study of Economics and the home of the Law and Economics movement.  Prof. Gary Becker, Nobel 1992, Thesis Advisor; Research Assistant to Prof. Eugene Fama, Nobel 2013.

University of Chicago, Chicago, IL. Master’s Degree, 1972, Graduate School of Business; Field of Concentration in Economics.

Cornell University, Ithaca, NY. Bachelor of Science, Operations Research, 1968; Field of Concentration in Statistics, Computer Science and Industrial Engineering, Honors: John McMullen Scholar.

Professional Activities

  • American Academy of Economic & Financial Experts, Journal of Legal Economics, Manuscript Referee, 199x-2008.
  • American Arbitration Association, Arbitrator, 1994 to 1996;
  • American Board of Disability Analysts, Professional Advisory Council, 2002 to present, Member & Diplomat, 2001 to present;
  • American College of Forensic Examiners, Fellow, Diplomate and Board Certified Forensic Examiner, 1996 to present;
  • American Economic Association, Member, 1985 to present;
  • American Finance Association, Member, 1985 to present;
  • Collegium of Pecuniary Damages Experts, Charter Member, 2008-2011;
  • Journal of the American Rehabilitation Economics Association: The Earnings Analyst, Manuscript Referee, 1998 to 2002;
  • Journal of Forensic Economics, Board of Editors, 1990 to 2001;
  • Journal of Forensic Economics, Manuscript Referee, 1990 to 2003;
  • National Academy of Economic Arbitrators, Founder and Charter Member, 1989 to 2005;
  • National Association of Forensic Economics, Vice President, 2000 to 2003, Board of Editors, 1990 to 2000, Member, 1988 to present;
  • National Futures Association’s Panel of Arbitrators, Arbitrator, 1994 to present;

Publications

  • Author, “Historical Returns on Investment Instruments,” Handbook of Modern Finance 1985, with Roger Ibbotson and Larry Siegel; Dennis Logue, ed., Warren, Gorham & Lamont, New York.
  • Author, 1988 Supp. to Vol 13, Am Jur Proof of Facts 2d on Hedonic Damages.
  • Author, “Economist Proposes Relief From Present Value Ruling,” Chicago Daily Law Bulletin, June 8, 1988. Download PDF
  • Author, “Hedonic Damages” Illinois Tort Report, June, 1988. 569 Download PDF
  • Author, “Hedonic Damages in Wrongful Death Cases,” the ABA Journal, Sept, 1988. Download PDF
  • Author, “Hedonic Damages,” The Audio Lawyer, Vol. 6 No. 8, ALI-ABA, February, 1989.
  • Author, “The Hedonic Value of Life: Economic Expert Witness Testimony in Injury and Wrongful Death,” Expert Evidence Reporter, Vol. 1, No. 1, September 1989, Shepard’s McGraw-Hill. Download PDF
  • Co-author: Economic/Hedonic Damages: A Practice Book for Plaintiff and Defense Attorneys, with M. L. Brookshire, Anderson Publishing Co., Cinn., Ohio, 1990.
  • Co-author, “Hedonic Damages and Personal Injury: A Conceptual Approach,” Journal of Forensic Economics, 3(1), 1990, pp. 1-8. Download PDF
  • Author, “Hedonic Damages in the Courtroom Setting – A Bridge Over Troubled Waters,” Journal of Forensic Economics, 3(3), 1990, pp. 41-49. Download PDF
  • Author, “Admissibility of Hedonic Damages Testimony,” The Audio Litigator, Vol. 1, No. 1, April, 1990, ALI-ABA.
  • Author, “Hedonic Damages,” with G. Magnarini, Wisconsin Lawyer, Vol. 64, No. 2, February 1991. Download PDF
  • Author, “Hedonic Damages: Assessing the Loss of Enjoyment of Life,” California State Bar Bulletin, Vol. 1, No. 8, June 1991. Download PDF
  • Co-author, “Hedonic Damages and Personal Injury: A Conceptual Approach,” Journal of Forensic Economics, 3(1), 1990, pp. 1-8; Reprinted in A Hedonics Primer for Economists and Attorneys, Compiled and Edited by John O. Ward, Lawyers & Judges Publishing Co., Chapter 7, pp. 121-129, 1992. Download PDF MISSING
  • Co-author: 1991/1992 Cumulative Supplement to Economic/Hedonic Damages: A Practice Book for Plaintiff and Defense Attorneys, with M. L. Brookshire, Anderson Publishing Co., Cinn., Ohio, 1992.
  • Author, “Hedonic Damages in the Courtroom Setting – A Bridge Over Troubled Waters,,” Journal of Forensic Economics, 3(3), 1990, pp. 41-49; Reprinted in A Hedonics Primer for Economists and Attorneys, Compiled and Edited by John O. Ward, Lawyers & Judges Publishing Co., Chapter 6, pp. 111-120, 1992. Download PDF MISSING
  • Author, “Spotting Bias in Plaintiffs’ Economic Loss Reports: A Primer for both Sides,” Illinois Bar Journal, Vol 80, No. 12, December, 1992, pp. 635-638. Download PDF
  • Author, “Life Values: Measuring the Loss of Enjoyment of Life – Economic Analysis whose time has come,” The Brief, Summer 1993, Vol. 22, No. 4 pp. 24-27, 62-63, The American Bar Association. Download PDF
  • Co-author: 1992/1993 Cumulative Supplement to Economic/Hedonic Damages: A Practice Book for Plaintiff and Defense Attorneys, with M. L. Brookshire and Charles W. de Seve, Anderson Publishing Co., Cinn., Ohio, 1993.
  • Author, “Evaluating the Loss of Enjoyment of Life – Hedonic Damages,” in Charles N. Simkins, ed., Analysis, Understanding and Presentation of Cases Involving Traumatic Brain Injury, National Head Injury Foundation, Wash., DC, 1993. Download PDF
  • Author, “Hedonic Damages in Personal Injury and Wrongful Death Litigation,” in Gaughan and Thornton, eds. Litigation Economics, Contemporary Studies in Economic and Financial Analysis, Vol 74, JAI Press, Greenwich, CT, 1993. Download PDF
  • Author, “Economic Evaluation of the Loss of Enjoyment of Life – Hedonic Damages,” in Damages in Tort Actions, Ch. 124, Release 29 – February 1994, Pub. 309, Mathew Bender & Co., New York.
  • Author, “Measuring the Loss of Enjoyment of Life in Personal Injury Cases – Hedonic Damages,” Journal of the Massachusetts Academy of Trial Attorneys, Vol 2, No. 1, July, 1994, pp. 65-67. Download PDF
  • Author, 3-Part Series, “Two Plus Two Equals — What?” October, 1994, p. 21; “Detecting Bias in Economics,” November, 1994, pp. 14 & 21; “Striving for Economic Fairness,” December, 1994, pp. 24-25, California Bar Journal, The Experts. Download PDF
  • Author, “Measuring the Loss of Enjoyment of Life in Personal Injury Cases – Hedonic Damages,” MTLA News, Vol. 6, No. 4, December, 1994, pp. 3-5, Maine Trial Lawyers Association. Download PDF
  • Author, “Hedonic Damages: Measuring The Loss of Enjoyment of Life in Personal Injury Cases,” The Prairie Barrister, Vol. 1, No. 1, Winter, 1995, pp. 3, 4, & 12, Nebraska Association of Trial Attorneys. Download PDF
  • Author, “Measuring The Loss of Enjoyment of life in Personal Injury Cases in Ohio – Hedonic Damages,” Ohio Trial, Vol. 6, Issue 3, Summer 1995, pp. 13- 16, Ohio Academy of Trial Lawyers Education Foundation. Download PDF
  • Author, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases – Hedonic Damages,” The Advocate, Vol. 22, No. 5, September/October, 1995, pp. 14-16, 22, The Kentucky Academy of Trial Attorneys. Download PDF
  • Author, “Damages for the Value of Life,” North Dakota Trial Lawyers The Pleader, Vol. 18, No. 4, September 1995, pp. 9-11, 24. Download PDF
  • Author, “Hedonic Damages – Measuring The Loss of Enjoyment of Life in Personal Injury Cases,” Law Reporter, The Journal of the Hawaii Trial lawyers Association, Vol. 7, No. 9, September 1995, pp. 8-10. Download PDF
  • Author, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases in Arizona – Hedonic Damages,” Advocate, Arizona Trial Lawyers Association, November 1995, pp. 5, 7, 15. Download PDF
  • Co-author, “Hedonic Damages and Personal Injury: A Conceptual Approach,” Journal of Forensic Economics, 3(1), 1990, pp. 1-8; Reprinted in A New Hedonics Primer for Economists and Attorneys, Compiled and Edited by Thomas R. Ireland and John O. Ward, Lawyers & Judges Publishing Co., Reading 25, 1996, pp. 325-334. Download PDF MISSING
  • Author, “Hedonic Damages – Measuring the Loss of Enjoyment of Life in P.I. Cases,” In Brief, Iowa Trial Lawyers Association, Vol. 7/Issue 1, January-February 1996, pp. 13-15. Download PDF
  • Author, “Hedonic Damages in Personal Injury and Wrongful Death Litigation,” in Gaughan and Thornton, eds. Litigation Economics, Contemporary Studies in Economic and Financial Analysis, Vol 74, JAI Press, Greenwich, CT, 1993; Reprinted in A New Hedonics Primer for Economists and Attorneys, Compiled and Edited by Thomas R. Ireland and John O. Ward, Lawyers & Judges Publishing Co., Reading 3, 1996, pp. 15-36.
  • Author, “Measuring the Loss of Enjoyment of Life in Personal Injury Cases and Wrongful Death Cases in New Mexico – Hedonic Damages,” The New Mexico Trial Lawyer, New Mexico Trial Lawyers’ Foundation, Vol. XXIV, No. 3, March, 1996, pp. 1, 60-63. Download PDF
  • Author with Introduction by Darrel W. Aherin, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases – Hedonic Damages,” Idaho Trial Lawyers Association Journal, Volume 25, Number 2, Summer 1996, pp. 32-36. Download PDF
  • Author, “The Value of Life to Close Family Members: Calculating the Loss of Society and Companionship,” The New Hedonics Primer for Economists and Attorneys, Second Edition, Edited by Thomas R. Ireland and John O. Ward, Lawyers & Judges Publishing Co., 1996, pp. 377-384. Download PDF
  • Author, “Pseudo-Economists – The New Junk Scientists,” Federation of Insurance & Corporate Counsel Quarterly, Vol. 47, No. 1, Fall 1996, pp. 95-105. Download PDF
  • Author with Introduction by Darrel W. Aherin, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases in Idaho – Hedonic Damages,” Western Chronicle, N/D 1996, Western Trial Lawyers Association, pp. 32, 35-36. Download PDF
  • Author, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases in Washington – Hedonic Damages,” Trial News, Vol. 32, Number 5, January 1997, Washington State Trial Lawyers Association, pp. 29-30. Download PDF
  • Author, “Jury Verdicts in Drunken Driving Cases,” University of Chicago Ph.D. Thesis, UMI Dissertation Services, Ann Arbor, MI, 1997.
  • Author, “The Value of Life to Close Family Members: Calculating the Loss of Society and Companionship,” American Rehabilitation Economics Association 1997 Monograph, pp. 10-16. Download PDF
  • Author, Abstract: “Jury Verdicts in Drunken Driving Cases,” Journal of Forensic Economics, 11(1), 1998, p. 67-68.
  • Author, “Why Juries Can Be Trusted,” Voir Dire, Vol. 5, Issue 3, Summer 1998, American Board of Trial Advocates, pp. 19-21 & 25.
  • Author, “Measuring The Loss of Enjoyment of Life in Personal Injury Cases – Hedonic Damages,” The Neurolaw Letter, Vol. 9, No. 8, April 2000, pp. 45, 48- 49. Download PDF
  • Author, “Jury Verdicts and the Dollar Value of Human Life,” Journal of Forensic Economics, 13(2), 2000, pp. 169-188. Download PDF
  • Author, “Hedonic Damages,” Izabela Z. Schultz, Douglas O. Brady, Steven Carella, Eds., Psychological Injuries at Trial, Torts Section, American Bar Association, 2003.
  • Contributor, “Economic Foundations of Injury and Death Damages,” Roger T. Kaufman, James D. Rodgers, Gerald D. Martin, Edward Elgar Publishing, Inc., 2005.
  • Author, “Don’t Overlook the Loss of Expanded Family Services,” Trial, Vol. 42, No. 3, “Good Counsel” Column, March 2006, pg. 73.
  • Co-author, “What is Your Value?” Chapter 2 in Six-Figure Salary Negotiation, Michael Zwell, Platinum Press, 2008.
  • Co-Author, “Jury Verdicts in Drunken Driving Cases,” Review of Law & Economics, Berkeley Press, 2008.
  • Contributor, “Determining Economic Damages,” Gerald D. Martin, James Publishing Inc., 2008 & previous years’ editions.
  • Co-Author, “Estimating the Value of Family Household Management Services: Approaches and Markups,” Forensic Rehabilitation & Economics, Vol 3, No. 2, 2010, with David A. Smith and Stephanie R. Uhl, pp. 85-94.
  • Co-Author, “Credit Damage: Causes, Consequences and Valuation,” Forensic Rehabilitation & Economics, Vol 4, No. 1, 2011, with David A. Smith and Stephanie R. Uhl, pp. 27-32.
  • Co-Author, “Reply to Tinari’s Comment on ‘Estimating the Value of Family Household Management Services: Approaches and Markups,” Forensic Rehabilitation & Economics, Vol 4, No. 1, 2011, with David A. Smith and Stephanie R. Uhl, pp. 37-38.
  • Co-Author, “A Response to Jayne’s Comment on ‘Estimating the Value of Family Household Management Services: Approaches and Markups,” Forensic Rehabilitation & Economics, Vol 4, No. 1, 2011, with David A. Smith and Stephanie R. Uhl, pp. 39-40.
  • Co-Author, “A Reply to Mr. Climo’s Credit Damage Comment,” Forensic Rehabilitation & Economics, Vol 5, No. 1, 2012, with David A. Smith and Stephanie R. Uhl, pp. 75-76.
  • Contributor, “Lost Earnings Report: Economist Expert,” How to Write an Expert Witness Report, James J. Mangraviti, Jr., Steven Babitsky, Nadine Nasser Donovan, SEAK, Inc., The Expert Witness Training Company, 2014, pp. 527-542.
  • Author, “Economic Damages in Nevada,” Vegas Legal Magazine, Vol 1, Issue 1, Summer 2015, pp. 24-25.

Originator of Ibbotson Associates’ Stocks, Bonds, Bills, and Inflation (SBBI) Yearbook and Companion Services published by Duff & Phelps and available on various Morningstar, Inc. software platforms. SBBI is the authoritative compendium of U. S. financial and investment performance data from 1926 to the present. SBBI is widely relied upon and regarded as the standard reference in courts of law and by the academic, actuarial and investment community.  From 1993 to present.

Profiles

  • The Wall Street Journal, page 1 feature article with photo Download PDF
  • The Best Lawyer’s in America: Directory of Expert Witnesses;
  • National Law Journal, page 1 feature article with photo Download PDF
  • Who’s Who in the World;
  • Who’s Who in America;
  • Who’s Who in Finance and Industry;
  • Who’s Who in Science and Engineering;
  • Who’s Who in the Midwest;
  • Who’s Who of Emerging Leaders of America;
  • Chicago Daily Law Bulletin, page 1 feature article;
  • Chicago Reader, Section 1 feature article with photo;
  • Like Judgment Day: The Ruin and Redemption of A Town Called Rosewood, D’Orso, Michael, 1996, Pg. 237.

National Presentations

  • Arizona: Brain Injury Association 13th Annual Conference for Attorneys, Phoenix, September 16, 1999;
  • California: American Bar Association Annual Meeting, San Francisco, August 10, 1992;
  • California: American Trial Lawyers Association 2005 Winter Convention, “Making Tangible the Intangible: Replacement Household/Family Services”, Palm Springs, January 29, 2005;
  • Canada: Association of Trial Lawyers of America Annual Meeting, Economic Damages, Toronto, 1991;
  • District of Columbia: Larry King Live, Washington, May 22, 1989;
  • District of Columbia: National Institute for Trial Advocacy (NITA), Seventh Annual Washington DC Masters Advocacy Program, “Direct and Cross Examination of an Economic Witness,” Washington, October 15, 1991;
  • District of Columbia: National Association of Protection & Advocacy Systems, Inc., 19th Annual Conference, “Assessment and Proof of Damages,” Washington, May 30, 1996;
  • District of Columbia: American Bar Association Annual Meeting, Washington, TIPS Aviation and Space Law, “Beyond the Horizon: What’s Next in Aviation and Space Law Litigation,” October 18, 2013;
  • Florida: Association of Trial Lawyers of America 1992 Winter Convention, Boca Raton, “Cutting Edge Developments in Economic Testimony,” January 15, 1992;
  • Florida: Brain Injury Association 10th Anniversary Trial Lawyers Conference, Palm Beach, September 19, 1996;
  • Florida: National Association of Consumer Advocates, 2003 NACA-FCRA Conference, Building on Our Success, Panel of Experts,”What the Experts Have Learned, A View From the Witness Box, ” Orlando, March 9, 2003;
  • Georgia: National Academy of Economic Arbitrators Annual Meeting, Differences in Economic Assumptions in Personal Injury Wage Calculations, Atlanta, December, 1989;
  • Georgia: National Association of Forensic Economics Annual Meeting, Value of Life, Atlanta, December, 1989;
  • Hawaii: American Bar Association Annual Meeting in Honolulu, HI, Speaker and Expert Witness at Mock Trial, Honolulu, August, 1989;
  • Idaho: Inner Circle of Advocates Annual Meeting, Sun Valley, August, 1989; Illinois: University of Chicago 1982 Annual Management Conference on Venture Capital;
  • Illinois: University of Chicago 1982 Annual Management Conference on Venture Capital;
  • Illinois: National Association of Consumer Advocates, 2009 NACA-FCRA Fair Credit Reporting Act Conference, “Credit Damages: How to Estimate Them,” Chicago Hyatt Regency, May 9, 2009;
  • Illinois: American Rehabilitation Economics Association Annual Conference, “Hedonic Damages: A Basic Approach,” Chicago, June 13, 2009;
  • Illinois: National Association of Consumer Advocates, 2010 NACA Auto Fraud Litigation Conference, “Credit Damages: How to Estimate Them,” Chicago Hyatt Regency, May 16, 2010;
  • Illinois: SEAK 19th Annual National Expert Witness Conference, “Handling the Toughest Questions: Deposition and Trial,” Rosemont, June 25, 2010;
  • Illinois: National Consumer Law Center 20th Annual Consumer Rights Litigation Conference, “Expert Witnesses at Trial – Handling Experts in the Courtroom,” Fairmont Chicago Millennium Park Hotel, November 5, 2011;
  • Internet: Credit Bureau Strategy Consulting, Webinar Presentation, “The Economics of Credit Damage,” September 14, 2009;
  • Louisiana: American Bar Association, National Institute Transportation Megaconference, New Orleans, March 5, 1993;
  • Louisiana: Defense Research Institute, Medical Malpractice Seminar, New Orleans, May 6, 1994;
  • Louisiana: Association of Trial Lawyers of America 2001 Winter Convention, Litigation at Sunrise, “Measuring the Loss of Enjoyment of Life in Personal Injury Cases — Hedonic Damages Over the Last Ten Years,” New Orleans, February 12, 2001;
  • Louisiana: National Association of Consumer Advocates, 2005 NACA-FCRA Conference, “Litigating Accuracy Issues with Furnishers of Credit Data,” Speaker on Economic Damages, New Orleans, June 5, 2005;
  • Louisiana: National Association of Minority and Women-Owned Law Firms, Trials Practice Area Committee Session:  Challenging Experts? “Tactics for Mastering Expert Examinations,” New Orleans, February 21, 2016;
  • Louisiana: National Association of Minority and Women-Owned Law Firms, Emerging Leaders Session: Ready for Action? “Hone Your Expert Cross Examination Techniques,” New Orleans, February 22, 2016;
  • Michigan: Northwest #255 Air Disaster Steering Committee Meeting, Detroit, June, 1989;
  • Nevada: American Rehabilitation Economics Association Conference, Mock Trial Presided by Nevada Supreme Court Justice William Maupin, Reno, May 15, 1999;
  • Nevada: National Association of Consumer Advocates, 2006 NACA-FCRA Conference, “Experts on Damages,” Washington, May 6, 2006;
  • Nevada: National Association of Consumer Advocates, 2006 NACA-FCRA Conference, “Breakfast with the Stars,” Washington, May 7, 2006;
  • Nevada: Brain Injury Association of America; Mastering the Science and Trial Strategies, “Making Tangible the Intangible: Expanding the Traditional Measures,” Las Vegas, April 4, 2008;
  • Nevada: Internet Law Leadership Summit at Aria Resort & Casino, “Calculating Complex Financial Damages,” Las Vegas, November 30, 2012;
  • New York: Eastern Economic Association Annual Conference, “Estimating the Value of Family Household Management Services: Approaches and Markups,” New York City, February 28, 2009;
  • New York: Eastern Economic Association Annual Conference, “Credit Damage: Causes, Consequences and Valuation,” New York City, February 28, 2009;
  • Oregon: National Crime Victim Law Institute at Lewis & Clark Law School, Ninth Annual Crime Victim Law Conference, Due Process for Victims: Meaningful Rights in Every Case, Portland, June 11, 2010;
  • Pennsylvania: Swiss Re American Annual Claims Conference, “Looking to the Third Millennium,” Hershey, June 3, 1996;
  • Texas: MADD Advanced Victim Assistance Institute Seminar, Dallas, November 12, 1994;
  • Texas: National Norplant Litigation Conference 1995, Houston, June 22, 1995.

Regional Presentations

  • Hawaii: Western Trial Lawyers Association 1994 Annual Convention, “Making it Work- Trial Practice in the 90’s,” Maui, June 16, 1994;
  • Illinois: GSA Seminar “Selling your Business”, Chicago, October, 1987;
  • Illinois: Society of Trial Lawyers, “How to Depose an Economist,” Chicago, May 7, 2009;
  • Louisiana: Southern Trial Lawyers Association Annual Meeting, New Orleans, 1988;
  • Louisiana: Southern Trial Lawyers Association 1996 Mardi Gras Conference, ATLA Traumatic Brain Injury Litigation Group, “Economic Implication of a Closed Head Injury,” New Orleans, February 18, 1996;
  • Michigan: Advocacy Institute, Continuing Legal Education, 46th Annual Seminar, “Wrongful Death of an Older Person,” Ann Arbor, May 12, 1995;
  • Michigan: Lorman Education Services, “Direct Examination of Experts in a Traumatic Brain Injury Case,” Novi, August 21, 1997;
  • Michigan: Lorman Education Services, “Direct Examination of Experts in a Traumatic Brain Injury Case,” Livonia, August 26, 1998;
  • New York: Eastern Finance Association Special Session on Pension Fund Asset Reversions, 1985;
  • New York: American Reinsurance Company for Senior Claims Executives Annual Meeting, August, 1989;
  • Ohio: Anderson Publishing Co., Proof of Economic Damages Seminar, Cincinnati, November 2, 1990.

Statewide Presentations

  • California: Arizona State Bar Fourth Annual “CLE By The Sea,” San Diego, July 22-23, 1994;
  • Connecticut Trial Lawyer Association, “All About Experts,” Hartford, November 21, 1992;
  • Florida State Bar Association, National Institute of Trial Advocacy (NITA), Advanced Trial Advocacy Seminar, Speaker and Expert Witness at Mock trial on Economic Damages, Gainesville, May 14, 1991;
  • Georgia Brain Injury Association & Institute of Continuing Legal Education in Georgia, “Hedonic Damages: Proving Loss of Enjoyment of Life in Non-Fatal Injury Cases,” Atlanta, March 29, 2002;
  • Idaho Trial Lawyers Association Annual Meeting, Twin Falls, February 23, 1996; Illinois State Bar Association CLE Series, April, 1989;
  • Illinois: Insurance Group of the Union League Club of Chicago, “Toward A More Rational Approach to Liability Judgments,” Chicago, March 19, 1991;
  • Indiana State Bar Association Annual Meeting, October, 1989;
  • Indiana Trial Lawyers Association Annual Meeting, November 30, 1990;
  • Annual Seminar on Closed Head Injury, Detroit, March 27, 1997;
  • Michigan, Institute of Continuing Legal Education, “The Name of the Game is Damages–Plaintiff and Defense Strategies in Negligence and Employment Cases,” Troy, July 20, 2000;
  • Michigan Trial Lawyers Association Winter Seminar, “Hedonic Damages and Other Special Economic Issues,” Gaylord, February 24, 2001;
  • Michigan Trial Lawyers Association 13th Annual Seminar in the Snow, Litigation Strategies and Techniques, “Loss of Society and Household Companionship and Advisory Services,” Bellaire, February 22, 2003;
  • Mississippi Trial Lawyers Association Annual Convention, “Shooting Stars Seminar,” Biloxi, May 19, 1995;
  • Mississippi Trial Lawyers Association Annual Convention, “Taking Your Recovery to the Next Level: Hedonic Damages,” Biloxi, May 10, 2001;
  • Mississippi: Arkansas Trial Lawyer Association “Maximizing Damages in the Personal Injury Case,” Tunica, MS, October 24, 2003;
  • Missouri: Kansas Trial Lawyers Association Annual Meeting, Kansas City, December 8, 1990;
  • Missouri State Bar Annual Meeting, Kansas City, September 19, 1996;
  • Missouri State Bar CLE Seminar, Proving Damages in Catastrophic Injury Cases, “Hedonic Damages after September 11th and An Economist’s View on Proving Economic Damages,” Kansas City, April 19, 2002;
  • Missouri State Bar CLE Seminar, Proving Damages in Catastrophic Injury Cases, “Hedonic Damages after September 11th and An Economist’s View on Proving Economic Damages,” St. Louis, May 9, 2002;
  • Montana Trial Lawyer Association Fourth Annual Convention, “Proving The Intangible (Hedonic) Value of Human Life,” Whitefish, July 23, 1993;
  • Montana Trial Lawyer Association Seventh Annual Convention, Seminar of the Masters, Polson, August 1, 1996;
  • Montana Trial Lawyer Association Spring Seminar, Scientific Evidence, “Making Tangible the Intangible: Loss of Enjoyment of Life, and Society & Companionship Damages,” Billings, April 25, 2003;
  • Nevada: Required Medical and Legal Education for the Traumatic Brain Injury Case, “9/11 Victim Compensation Fund Hedonic Damages: Implications for the State of Nevada,” Las Vegas, October 25, 2002;
  • New Hampshire Trial Lawyer Association, “Secrets & Strategies of Trial Law,” Concord, October 8, 1993;
  • New Mexico Trial Lawyers Association Annual Meeting, Economic Damages, Santa Fe, June 22, 1991;
  • New Mexico Trial Lawyers Foundation Damages Seminar, Albuquerque, October 11, 1996;
  • North Carolina, Brain Injury Association of NC, First Annual Trial Lawyers Conference, “The Use of Expert Testimony in Brain Injury Litigation,” Charlotte, January 26, 1996;
  • North Carolina, Brain Injury Association of NC, Second Annual Trial Lawyers Conference, “The Loss of Enjoyment of Life in Personal Injury – Hedonic Damages,” Charlotte, January 24, 1997;
  • North Dakota Trial Lawyers Association, Annual Meeting Trial Practice Seminar, Fargo, May 4, 1995;
  • Ohio Association of Trial Lawyers Annual Meeting, Speaker and Expert Witness at Mock Trial on Wrongful Death Damages, Toledo, April, 1990;
  • Ohio Head Injury Association, “Representing the Survivor of Mild Head Injury,” Annual Seminar, Columbus, June 3, 1994;
  • Pennsylvania: Philadelphia Trial Lawyers Association CLE Lecture Series, March 17, 1993;
  • South Dakota Trial Lawyers Association Spring Seminar, April, 1989;
  • Texas Trial Lawyers Association, Medical Malpractice Seminar, Wrongful Death Damages, Houston, May, 1990;
  • Washington State Trial Lawyers Annual Meeting & Convention, Stevenson, July 11, 1998;
  • Wisconsin Association of Trial Lawyers Annual Meeting, Wrongful Death Damages, Door County, July, 1990;
  • Wisconsin Brain Injury 2nd Annual Seminar, “Identifying and Understanding Traumatic Brain Injury,” Green Lake, May 31, 1997.

Local Presentations

  • Alaska: Alaska Trial Lawyers Association, Anchorage, August, 1989; California: “Value of Life: Dismal Science From the Courtroom, “Economics Department Workshop Colloquium, Pomona College, Claremont, April 17, 2006;
  • Illinois: Chicago North Suburban Bar Association May, 1988;
  • Illinois: Chicago Advocates Society, June, 1988;
  • Illinois: Northwest Chicago Suburban Bar Association, January, 1989;
  • Illinois: Chicago Public Radio, WBEZ, February, 1989;
  • Illinois: DuPage County, Bar Association, Chicago, May, 1989;
  • Illinois: Sangamon County Trial Lawyers Association, Springfield, May, 1989;
  • Illinois: McHenry County Bar Association, Chicago, May, 1989;
  • Illinois: Chicago Bar Association Wrongful Death Seminar, Wrongful Death Damages, February, 1990;
  • Illinois: Chicago Bar Association Torts Seminar, Defense Perspectives on Economic Damages, January 21, 1991;
  • Illinois: Chicago Bar Association, Wrongful Death Seminar, February 11, 1993;
  • Illinois: Chicago Bar Association Effective Direct and Cross-Examination of Expert Witnesses – A Demonstration, January 9, 1995;
  • Illinois: Interstate National Corporation, “Cutting Edge Developments on Economic Damages – Defense Perspectives”, Chicago, August 2, 1995;
  • Illinois: Interstate National Corporation, “Cutting Edge Developments on Economic Damages – Defense Perspectives”, Chicago, September 2, 1997;
  • Illinois: Cassiday Schade & Gloor, “Catastrophic Damages…They’re Back! – Limiting Damages After the Invalidation of Tort Reform,” Chicago, November 18, 1998;
  • Illinois: Law Bulletin Publishing Company, Legal Career Day, Economic Outlook for Lawyer Employment, Chicago, April 13, 2004;
  • Michigan: American Radio Network, WFOX, Detroit, January, 1989;
  • Michigan: Oakland County Bar Association Negligence Committee, Bloomfield Hills, November 5, 1996;
  • Ohio: Hamilton County, Bar Association Seminar on Economic Damages, Cincinnati, January 31, 1991.

Television/Video Presentations

  • American Bar Association Tort and Insurance Practice Section Annual Meeting, “Hedonic Damages,” San Francisco, CA, August 10, 1992;
  • American Law Institute-American Bar Association, ALI-ABA Tape, “Hedonic Damages: Litigating the Loss of Enjoyment of Life,” The Lawyers’ Video Magazine, Vol. III Issue 20, Philadelphia, PA, December, 1991;
  • CNN: Larry King Live, May 22, 1989.
  • Fox News Consultant and Contributor WFLD TV, October 10 and October 15, 2008; February 25, March 24, April 10, April 20, June 17, August 3, August 26, October 19, 2009 and December 18, 2009; January 15, 2010;

Personal Background

Born November 16, 1946, Rhinelander, Wisconsin;

Graduated Nicolet High School 1964, Milwaukee, Wisconsin;

Honorable Discharge U.S. Army, 1975;

Member of Chicago Board Options Exchange, 1975-1978;

Trustee, Wright Graduate University, Chicago IL;

Board Member, Wright Foundation.

Stan V. Smith, Ph.D.

University of Chicago-trained Economist and Financial Consultant

Dr. Smith and his team provide high quality strategies to educate a jury in economic valuation & analysis for fair awards.

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