Lars Peter Hansen Quotes

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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?

Lars Peter Hansen

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Born: October 26, 1952 (age 72)

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)

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