5 Lars Peter Hansen Quotes for You to Enjoy

Lars Peter Hansen

American Economist

Born: Oct 26, 1952

Economics Financial Focus People Work You

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models. Lars Peter Hansen

Work You Economics Understanding Field Analyze Ways Statistics Economic Part Between Boundary How Models Dynamic Interest Use Productive

I think the understanding of the role of markets has really helped advance the values of entrepreneurship. It's helped shape public policy discussions in a whole variety of ways. Lars Peter Hansen

Values Understanding Think Markets Ways Variety Entrepreneurship Shape Advance Policy Role Discussions Public Really Public Policy Helped Whole

If you simply announce that things are irrational, then that alone doesn't get you very far. You have to replace rational agents with some concrete notion of what it means to be irrational. Lars Peter Hansen

Alone You Some Rational Simply Announce Concrete Replace Very Get Irrational Far Then Agents Means Notion Things

Early on, in discussions of financial oversight, people would say, 'Well, this is a very complicated problem, therefore it requires a complicated solution.' And at that step, I would say, 'Well, wait a minute. Just because it's a complicated problem doesn't mean the best course of action immediately is one that's complicated.' Lars Peter Hansen

Best People Problem Financial Complicated Wait Action Say Immediately Would Solution Minute Step Well Course Because Oversight Very Discussions Just Just Because Mean Requires Therefore Early

A lot of my colleagues have been people with broad interests in economics, not just narrowly focused interests. Lars Peter Hansen

People Economics Broad Focused Colleagues Narrowly Been Lot Just Interests

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