Lars Hansen Speaks in Paris
“Models are not replications of reality. They are simplifications, and thus, are imperfect,” said Hansen during one of four lectures during his visit to France. His argument for confronting that reality was to accept that there is little we can know with certainty, but much we can understand about uncertainty itself. "Let's push uncertainty to the forefront of economic analysis."
The 2013 Nobel laureate—famed for teaching economists that they could "learn something without knowing everything" via his General Method of Moments—traveled to Paris in May 2015 to speak to alumni at the University Chicago Paris Center.
Lars Hansen Speaks in Paris
“Models are not replications of reality. They are simplifications, and thus, are imperfect,” said Hansen during one of four lectures during his visit to France. His argument for confronting that reality was to accept that there is little we can know with certainty, but much we can understand about uncertainty itself. "Let's push uncertainty to the forefront of economic analysis."
The 2013 Nobel laureate—famed for teaching economists that they could "learn something without knowing everything" via his General Method of Moments—traveled to Paris in May 2015 to speak to alumni at the University Chicago Paris Center.