Lars Peter Hansen (1952–)

Lars Peter Hansen is the David Rockefeller Distinguished Service Professor of Economics at the University of Chicago. His research spans econometrics, macroeconomics, asset pricing, and decision theory and focuses on quantitative implications of decision-making under uncertainty for macroeconomic dynamics, valuation, and economic policy. His contributions to econometrics facilitated formal study of testable implications of economic models, his work on asset pricing laid some of the foundations of a field that is now called macro-finance, while his analysis of ways that econometricians and economic agents cope with uncertainty and potential model misspecification opened new directions for building empirically relevant models in macroeconomics and finance. Hansen received his PhD from the University of Minnesota in 1978, and his wide-ranging contributions were rewarded in 2013 with the Nobel Memorial Prize in Economic Sciences.