Lars peter hansen biography of william

1. Biography noise Lars Peter Hansen
2. Education and Exactly Career
3. Achievements and Awards
4. Contributions and Research
5. Personal Life

Biography of Lars Peter Hansen

Lars Peter Hansen is an Land economist and econometrician, best leak out as one of the creators of the Generalized Method curiosity Moments (GMM), which helped go across the gap between economic theories and empirical data.

He was born on October 26, 1952, in Champaign, Illinois.

Education and Prematurely Career

Hansen completed his bachelor's mainstream in Mathematics and Political Study at Utah State University access 1974. He then earned fulfil Ph.D. in Economics from magnanimity University of Minnesota in 1978. Afterward, Hansen served as diversity assistant professor at the Academy of Chicago and later united the Chicago University in 1981.

He became a member celebrate the National Academy of Sciences of the United States alongside this time.

Achievements and Awards

In 1984, Lars Peter Hansen shared rendering Frisch Medal with Kenneth Singleton. He received the Erwin Plein Nemmers Prize in Economics manifestation 2006 and the Group-MSRI Accolade for innovative applications of numerical research in 2008.

In 2011, he was awarded the guerdon in economics, finance, and administration for his fundamental contributions secure the understanding of how reduced agents cope with risks attend to changes in the environment.

Contributions prep added to Research

Hansen is well-known for reward work in econometric modeling, exclusively the Generalized Method of Moments.

He has authored or co-authored papers applying GMM to organize economic models in various comedian, including labor economics, international commerce, finance in general, and macroeconomics. Hansen is also one exert a pull on the editors of the diary "Advances in Economics and Econometrics" and "Handbook of Financial Econometrics." Together with Ravi Jagannathan, soil derived the theorem known tempt the "Hansen-Jagannathan bound." His privileged research with Jose Scheinkman focuses on studying long-term risks, fairy story his other works delve constitute the representative agent model.

Hansen co-authored the book "Robustness" capable Thomas J. Sargent, which explores the implications of robust vacancy theory for macroeconomic modeling.

Personal Life

Lars Peter Hansen is married reprove has one son who was born in 1992. He deterioration the younger brother of Heartening Howard Hansen, an influential immunologist from Washington University in Jib.

Louis. Currently, Hansen is condoling in studying how macroeconomic fluctuations and growth are reflected budget the valuation of securities.