Lars Peter Hansen
Lars Peter Hansen (born October 26, 1952) is an American economist and Professor of economics at the University of Chicago. Best known for his work on the Generalized Method of Moments, he is also a distinguished macroeconomist, focusing on the linkages between the financial and real sectors of the economy. He is the 2013 Nobel laureate in Economics with Eugene Fama and Robert J. Shiller.
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- I view the work I've done related to statistics and economics as roughly speaking, how to do something without having to do everything. So economic models -- how any model by definition isn't right. When someone just says, 'Oh, your model is wrong.' That's not much of an insight. What you want to know is, is wrong in important ways or wrong in ways that are less relevant? And you want to know what does the data really say about the model?
- In: David Brancaccio (2013) "Nobel Prize in Economics winner Lars Peter Hansen on imperfect models" at marketplace.org.
Quotes about Lars Peter HansenEdit
- There is no way to predict the price of stocks and bonds over the next few days or weeks. But it is quite possible to foresee the broad course of these prices over longer periods, such as the next three to five years. These findings, which might seem both surprising and contradictory, were made and analyzed by this year’s Laureates, Eugene Fama, Lars Peter Hansen and Robert Shiller.
- "The Prize in Economic Sciences 2013," at nobelprize.org.