Hansen, Lars Peter

Hansen, Lars Peter,

1952–, U.S. economist, b. Champaign, Ill., Ph.D. Univ. of Minnesota, 1978. After teaching at Carnegie-Mellon Univ., Pittsburgh (1978–81), he joined the faculty of the Univ. of Chicago, where he is now David Rockefeller Distinguished Service Professor. An econometrician, Hansen studied with Thomas SargentSargent, Thomas John,
1943–, American economist, b. Pasadena, Calif., Ph.D. Harvard (1968). He has been on the faculty at the Univ. of Pennsylvania (1970–71), Univ. of Minnesota (1971–87), Univ.
..... Click the link for more information.  and Christopher SimsSims, Christopher Albert,
1942–, American economist, b. Washington, D.C., Ph.D. Harvard (1968). Sims has taught at Harvard (1967–70), the Univ. of Minnesota (1970–90), Yale (1990–99), and Princeton (1999–).
..... Click the link for more information.  at Minnesota, and contributed to the development of rational expectations theory; like Sargent, he has since become critical of aspects of the theory. Hansen developed (1982) the generalized method of moments, a statistical technique designed to permit the study of part of an economic model without having to specify a complete model in its full complexity; it has been utilized in other social sciences in addition to economics. For his work developing the technique and using to test the Consumption Capital Asset Pricing Model, he shared the Nobel Memorial Prize in Economic Sciences with Eugene FamaFama, Eugene Francis,
1939–, 1939–, U.S. economist, b. Boston, Mass., grad. Univ. of Chicago (M.B.A. 1963, Ph.D. 1964). He has taught at the Univ. of Chicago's Graduate School of Business since 1963, and has been Robert R.
..... Click the link for more information.  and Robert ShillerShiller, Robert James,
1946–, American economist, b. Detroit, grad. Univ. of Michigan (B.A., 1967), Massachusetts Institute of Technology (S.M., 1968; Ph.D., 1972).
..... Click the link for more information.  in 2013. Hansen also has studied the relationship between the financial markets and the broader economy, seeking to develop better models of their interactions.