Lars Peter Hansen Quotes

1 Sourced Quote

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?

Lars Peter Hansen

Lars Peter Hansen

Lars Peter Hansen

Creative Commons

Born: October 26, 1952 (age 73)

Bio: Lars Peter Hansen is the David Rockefeller Distinguished Service Professor of economics at the University of Chicago and 2013 recipient of the Nobel Memorial Prize in Economics.

Known for:

Robustness (2008)
Uncertainty Within Economic Models (2014)
Rational Expectations Econometrics (1991)

Lars Peter Hansen on Wikipedia

Suggest an edit or a new quote

American Economist Quotes

Economist Quotes

20th-century Economist Quotes