Lars Peter Hansen @UncertainLars Twitter profile

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Lars Peter Hansen

10 months

How much would it cost to save the Brazilian Amazon rainforest? Hear my discussion with ⁦ @tessvigeland ⁩ about this topic and my related research with José Scheinkman here ⁦ @BeckerFriedman ⁩ #thepiepodcast #climateeconomics #EconTwitter

‎The Pie: An Economics Podcast: How Much Would it Cost to Save the Rainforest? on Apple Podcasts

‎Show The Pie: An Economics Podcast, Ep How Much Would it Cost to Save the Rainforest? - Sep 19, 2023

podcasts.apple.com

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Lars Peter Hansen

@UncertainLars

4 years

While we want to embrace evidence, the evidence seldom speaks for itself; typically, it requires a modeling or conceptual framework for interpretation. Put another way, economists—and everyone else—need two things to draw a conclusion: data, and some way of making sense of it.

Chicago Booth Review

@chicagoboothrev

4 years

New: The downfall (and possible salvation) of expertise. Read Chicago Booth Review's Winter 2010/21 cover story, now online.

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Lars Peter Hansen

@UncertainLars

3 years

My paper on “Central Banking Challenges Posed by Uncertain Climate Change and Natural Disasters” is now available online in the Journal of Monetary Economics #EconTwitter #climatechange

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Lars Peter Hansen

@UncertainLars

5 years

Check out my most recent essay on "evidence-based policy" and the importance of conceptual frameworks in @chicagoboothrev

Chicago Booth Review

@chicagoboothrev

5 years

New: Purely evidence-based policy doesn’t exist, by Lars Peter Hansen ( @UncertainLars )

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Lars Peter Hansen

@UncertainLars

1 year

Sad news yesterday about the passing of a truly special scholar and a long-time colleague of mine, Bob Lucas.

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Lars Peter Hansen

@UncertainLars

5 years

This video interview on the topics of Rational Expectations, Adaptive Learning, and Approaches of Decision Theory Under Uncertainty with laureate Thomas J. Sargent, NYU, was generated as part of the MFR Program's project on Behavioral Implications of Uncertainty in Macroeconomics

Chicago Booth Review

@chicagoboothrev

5 years

Robustness in Economics and Econometrics: a @BeckerFriedman Interview with @NYUStern 's Tom Sargent -

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Lars Peter Hansen

@UncertainLars

5 years

The Macro Finance Research (MFR) program team is getting excited to launch our new MFR Suite which will provide an open access collection of Python modules for conducting analysis in macro-finance. Stay tuned!

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Lars Peter Hansen

@UncertainLars

1 year

It was a nice surprise to hear that @USUAggies recently created a professorship in my name. It is all the more special because USU currently has one in my father’s name. Congratulations to @KatarzynaBilic1 who has been named the inaugural Lars Peter Hansen endowed professor of

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Lars Peter Hansen

@UncertainLars

2 years

My collaborator, Tom Sargent, shared this piece with me, which I found to be a great read:

Climate Scientists Encounter Limits of Computer Models, Bedeviling Policy

Supercomputer simulations are running up against the complex physics of programming thousands of weather variables such as the extensive impact of clouds. “You solve one problem and create another.”

www.wsj.com

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Lars Peter Hansen

@UncertainLars

1 year

José Scheinkman, Columbia University, presenting our joint research on “Carbon Prices and Forest Preservation Over Space and Time in the Brazilian Amazon” at the @MFRProgram @IMSI_Institute workshop today:

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Lars Peter Hansen

@UncertainLars

5 years

Read about the University of Chicago-style forum series I am organizing with @heckmanequation to encourage the tradition of rigorous debate on campus, with our inaugural event on April 25 focusing on assessing the contributions of behavioral economics:

Nobel laureates bring UChicago-style debate to new economic policy series

Profs. Lars Peter Hansen, James Heckman welcome global scholars for ‘deeper understanding’ of issues

news.uchicago.edu

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Lars Peter Hansen

@UncertainLars

5 years

Recently posted a working paper on "Pricing Uncertainty Induced by Climate Change". You can find the latest version of the paper and a reflection about it here:

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Lars Peter Hansen

@UncertainLars

1 year

I’ve had a very nice time the last several weeks with our visiting young scholars from several universities. This makes me very optimistic about the future in the study of economic dynamics under uncertainty. #EconTwitter @UChicago @UChi_Economics

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Lars Peter Hansen

@UncertainLars

1 year

Very grateful to @CavaliereGiu for continuously promoting my research on this platform!

Giuseppe Cavaliere

@CavaliereGiu

1 year

Hi #EconTwitter ! If you care about 𝐭𝐢𝐦𝐞 (𝐬𝐞𝐫𝐢𝐞𝐬), here's another must-have in your #econometrics book collection: @UncertainLars ( @uchicago ) and Tom Sargent's ( @NYU ) book on dynamic linear economies!📈 It's free on Lars' website👇 Outstanding stuff, get it now! 🎯🌟

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Lars Peter Hansen

@UncertainLars

26 days

In beautiful Sardinia sharing some ideas on uncertainty and climate change at the 31st Annual Global Finance Conference!

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Lars Peter Hansen

@UncertainLars

5 years

. @UncertainLars experiences vast uncertainty at a Paris conference on “Coupled Climate Ecology-Economy Modeling.” First, a massive strike limits conference participation. Then, a fire alarm is set off five minutes before the lecture. Of course, a robust response to both!

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Lars Peter Hansen

@UncertainLars

5 years

Recently wrote a column in @voxeu with Thomas J. Sargent on “Acknowledging and Pricing Macroeconomic Uncertainties” Read it here:

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Lars Peter Hansen

@UncertainLars

5 years

A beautiful day on campus today!

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Lars Peter Hansen

@UncertainLars

1 year

Call for Papers: “22nd Macro-Finance Society Workshop” held at the University of Chicago on October 27-28 co-sponsored by the @MFRProgram ⁩ and organized by ⁦ @WenxinDu ⁩ and ⁦ @CarolinPflueger ⁩ | BFI

22nd Macro-Finance Society Workshop | BFI

The 22nd Macro Finance Society Workshop will be held on October 27-28, 2023, hosted and co-sponsored by the Macro Finance Research Program (MFR) led by Lars Peter Hansen at the University of Chicag...

bfi.uchicago.edu

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Lars Peter Hansen

@UncertainLars

1 year

Day 1 of our conference program on “Decision-Making Under Uncertainty in Climate and Macroeconomics” begins today with a session on “Climate Model Uncertainty” moderated by @JohannesEmm featuring opening remarks by @SISeneviratne and @tavoni_massimo #EconTwitter #climatemodeling

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Lars Peter Hansen

@UncertainLars

4 years

Excited to participate in this newly launched Virtual Finance Seminar on May 29th. It has a terrific lineup of upcoming weekly presenters and is open to the public:

Virtual Finance Workshop

The Virtual Finance Workshop is an open online finance seminar. We hold thematic mini-conferences that last 2 hours each. To stay up to date please join our mailing list and follow us on twitter.

www.virtualfinance.org

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Lars Peter Hansen

@UncertainLars

5 years

This truly innovative paper uses recursive utility in a creative way to show how investors’ concern about long-term macroeconomic uncertainty can have a big impact on even short term risk return tradeoffs observed in financial markets. Well-deserved, indeed!

Wharton PR & News

@WhartonSchoolPR

5 years

Congratulations to @Wharton Professor Amir Yaron for winning the FARFE 6th Stephen A. Ross Prize in Financial Economics for the 2004 @JofFinance paper he co-wrote with @DukeFuqua Professor Ravi Bansal

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Lars Peter Hansen

@UncertainLars

1 year

My latest interview with @chicagoboothrev on “Paying Up to Save the Amazon May Be Cheaper than the Alternative” #climatechange #uncertainty #carbonemissions #BrazilianAmazon #EconTwitter is now available here:

Paying Up to Save the Amazon May Be Cheaper than the Alternative

A system of international payments could benefit Brazil and the whole world.

www.chicagobooth.edu

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Lars Peter Hansen

@UncertainLars

3 months

Last week, a collection of alumni from the Joint Program in Economics and Finance at @UChicago joined current graduate students in an engaging workshop in memory of a very special former student, Yiran Fan. The event highlighted promising young students who received graduate

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Lars Peter Hansen

@UncertainLars

3 years

I am very pleased to see my colleague’s excellent research on the pricing of risk in equity and insurance markets being recognized. Congrats to Ralph Koijen! Very well-deserved:

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Lars Peter Hansen

@UncertainLars

5 years

The application process for the MFR Program Summer Session for Young Scholars to be held at the University of Chicago on July 28-31, 2020. Learn more about this 4-day program and apply here:

2020 Macro Finance Research Program (MFR) Summer Session for Young Scholars | BFI

NOTICE As the global health situation involving the coronavirus (COVID-19) evolves, the MFR Program under the auspices of the Becker Friedman Institute, and with guidance from the University of...

bfi.uchicago.edu

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Lars Peter Hansen

@UncertainLars

4 years

Yesterday, I heard the sad news about the death of Gary Chamberlain. Gary was a true scholar and an econometrician from whom I learned very much, both in conversation and in reading his work.

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Lars Peter Hansen

@UncertainLars

4 years

Mark Twain’s "miserable uncertainty" is only too real. #COVID19 poses important challenges for policy conduct under uncertainty. Prudent government approval of vaccines should involve more than the familiar probabilistic assessment of the effectiveness of the vaccine.

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Lars Peter Hansen

@UncertainLars

3 years

The Macro Finance Research Program that I lead at the University of Chicago is hiring two new Research Professionals. Apply here:

PREDOC.org

@predoc_org

3 years

🚨Research Professional🚨 Sponsoring Researcher: @UncertainLars Institution: The Macro Finance Research Program at @BeckerFriedman Fields of research: Finance, international finance, markets, regulation, econometrics and statistics, climate change Details

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Lars Peter Hansen

@UncertainLars

1 year

I recently had the privilege to speak to approximately 40 students along with some parents as part of the @UChicago College Readiness program. I was very impressed by the thoughtfulness and depth of the students’ questions. This makes me all the more optimistic about the future!

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Lars Peter Hansen

@UncertainLars

1 year

It was my good fortune to have learned from Bob and other great scholars.

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Lars Peter Hansen

@UncertainLars

5 years

How should economics shape policy? Does purely "evidence-based policy" truly exist? Watch and read my discussion on the topic with my University of Chicago colleague, Kevin Murphy, for @chicagoboothrev 's episode of the Big Question:

How should economics shape policy?

review.chicagobooth.edu | “Evidence-based policy” sounds unambiguously good—after all, what better foundation for policy than evidence? But actually turning ...

www.youtube.com

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Lars Peter Hansen

@UncertainLars

1 year

It was great to share an evening with new academic friends in Oslo!

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Lars Peter Hansen

@UncertainLars

3 years

Looking forward to participating in this event next week. The first two talks will revisit contributions of Knight and Keynes. @turinginst

Uncertainty and risk

The year 2021 marks the centenary of two monumental publications in economics and probability theory, namely Risk, Uncertainty, and Profit

www.turing.ac.uk

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Lars Peter Hansen

@UncertainLars

5 years

Many people are unaware that Milton Friedman actually supported the idea of the Negative Income Tax:

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Lars Peter Hansen

@UncertainLars

5 years

Me ft. my favorite American philosopher at my @BeckerFriedman Brown Bag talk today on, “Climate Change: Uncertainty and Economic Policy.”

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Lars Peter Hansen

@UncertainLars

1 year

Looking forward to our exciting speakers tomorrow at our conference on “Decision-Making Under Uncertainty in Climate and Macroeconomics” in Milan organized by the @MFRProgram @Unibocconi and @EIEEorg #EconTwitter #macroeconomics

Conference on Decision-Making Under Uncertainty in Climate and Macroeconomics | BFI

The “Conference on Decision-Making Under Uncertainty in Climate and Macroeconomics” is a small and colloquial two-day workshop to discuss the latest advancements in theory and applications of...

bfi.uchicago.edu

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Lars Peter Hansen

@UncertainLars

5 years

My doodle walking me into the sunset in Michiana on a beautiful evening at Lake Michigan!

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Lars Peter Hansen

@UncertainLars

10 months

The @MFRProgram which I lead under @BeckerFriedman has an opening for Research Professionals. Information on how to apply can be found in this poster. Apply by October 15, 2023. @predoc_org #EconTwitter #Macroeconomics #predoc

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Lars Peter Hansen

@UncertainLars

5 years

Check out my most recent conversation with @qz 's @AllisonSchrager on dealing with an uncertain world as it relates to economics and more broadly:

A Nobel-winning economist’s tips for how to deal with a more uncertain world

Lars Hansen says all financial models are wrong to some extent, but we can learn from building better ones.

qz.com

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Lars Peter Hansen

@UncertainLars

5 years

On set this morning for “The Big Question” with my University of Chicago colleague, Kevin Murphy, discussing whether “evidence-based policy” really exists. @ChicagoBooth

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Lars Peter Hansen

@UncertainLars

2 years

I am looking forward to sharing ideas about climate change and policy under the @ChathamHouse rules this Friday.

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Lars Peter Hansen

@UncertainLars

7 months

The applications process for the @MFRProgram Summer Session for Young Scholars to be held on August 5-8, 2024 at @UChicago will launch on January 3, 2024. Interested PhD students who wish to apply can learn more here:

Becker Friedman Institute for Economics

@BeckerFriedman

7 months

The Macro Finance Research Program (MFR), led by @UChi_Economics ' @UncertainLars , will hold a summer session for PhD students looking to write a dissertation at the interplay of macroecon & finance. The MFR Summer Session will be held on August 5-8, 2024. More info & application:

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Lars Peter Hansen

@UncertainLars

5 years

Thrilled to share the video from our recent University of Chicago Policy Forum assessing the contributions of behavioral economics to the field. View the entire panel discussion here: #econtwitter @heckmanequation

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Lars Peter Hansen

@UncertainLars

5 years

Having a great time visiting @Unibocconi and the beautiful city of Milan, Italy this week!

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Lars Peter Hansen

@UncertainLars

3 months

Very much looking forward to our conference on “Uncertainty, Climate Change, and Policy Challenges Conference” organized by the @MFRProgram and @ImperialBiz Brevan Howard Centre in London this week. Learn more about the fantastic group of presenters and the key topics to be

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Lars Peter Hansen

@UncertainLars

4 years

This is a promising network on #COVID19 research that I plan to monitor closely:

Covid 19 Research Conduit

Researchers collaborating for the endgame of the pandemic.

web.archive.org

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Lars Peter Hansen

@UncertainLars

4 years

I’m presenting this Friday at the Virtual Finance Workshop on the “Impact of Geoscientific and Economic Uncertainty on Social Valuation.” This is a fantastic workshop series that’s worth attending regularly. Register here and view all upcoming speakers:

Virtual Finance Workshop

The Virtual Finance Workshop is an open online finance seminar. We hold thematic mini-conferences that last 2 hours each. To stay up to date please join our mailing list and follow us on twitter.

www.virtualfinance.org

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Lars Peter Hansen

@UncertainLars

5 years

Looking forward to our upcoming Macro Finance Research (MFR) Program conference on Robustness in Economics and Econometrics on April 5-6 at the University of Chicago, co-sponsored and co-hosted by BFI's Big Data initiative. A full agenda is available here:

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Lars Peter Hansen

@UncertainLars

5 years

You can find my presentation slides from my talk today on "Pricing Uncertainty Induced by Climate Change" at the CEMFI/Bank of Spain Second Conference on Financial Stability here:

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Lars Peter Hansen

@UncertainLars

5 years

At a conference on mathematics of climate and the environment at the Henri Poincare Institute. The conference room makes me feel like I am back in the mid-20th century, listening to scientists discuss research.

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Lars Peter Hansen

@UncertainLars

2 years

Congratulations to Will Cassidy and Aditya Chaudhry for their well-deserved recognition of receiving the 2022 Yiran Fan Memorial Prize by their fellow students! The two awardees will be celebrated at next year’s Joint Program Alumni Conference in memory of Yiran Fan.

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Lars Peter Hansen

@UncertainLars

1 year

Read @BeckerFriedman ’s brief on my joint research with Juliano J. Assunção, Todd Munson, and José A. Scheinkman on “Carbon Prices and Forest preservation Over Space and Time in the Brazilian Amazon” #EconTwitter #climatemodeling

Becker Friedman Institute for Economics

@BeckerFriedman

1 year

BRIEF: Farmers rely on clearing the Brazilian Amazon to graze their cattle. The rest of the world relies on it as a valuable carbon sink. @UncertainLars & coauthors measure these tradeoffs and show that the forest should be preserved (and offer guidance for how).

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Lars Peter Hansen

@UncertainLars

5 years

I found this to be a pretty interesting read, especially given my education from public universities, even though I am now a faculty member at an "elitist" private university. David Brooks makes some solid points worth thinking about:

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Lars Peter Hansen

@UncertainLars

1 year

Great to contribute to the @NUSingapore Sixteenth Annual Risk Management Conference this week along with so many exceptional scholars:

Noah Williams

@Bellmanequation

1 year

On tap today at @NUSingapore : Sixteenth Annual Risk Management Conference with keynote by @UncertainLars

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Lars Peter Hansen

@UncertainLars

5 years

The Macro Finance Research Program (MFR), which I lead at the University of Chicago, has been collaborating with the Research Computing Center (RCC). Read more about our ongoing collaboration here:

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Lars Peter Hansen

@UncertainLars

5 years

On my way to China for our upcoming MFR Program conference on, “The Macroeconomy and Finance in China,” hosted by Tsinghua University SEM in Beijing. We have a full house, and registration has now been closed. Looking forward to hearing insights from our terrific contributors!

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Lars Peter Hansen

@UncertainLars

3 years

My latest interview with @UChicagoNews on how embracing uncertainty can help policymakers during a pandemic:

How embracing uncertainty can help policymakers during a pandemic

To make better policy in a crisis, a Nobel laureate argues for decision theory

news.uchicago.edu

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Lars Peter Hansen

@UncertainLars

4 years

Looking forward to the MFR conference on "Expectations in Macroeconomic and Financial Models" to be held this April 17 at the University of Chicago. I co-organized this event along with Monika Piazzesi and Michael Woodford. Full program and registration:

Expectations in Macroeconomic and Financial Models | BFI

There has been a recent surge in research that explores how expectations and uncertainty impact financial markets and the macroeconomy. This virtual conference explored some of the latest research on...

bfi.uchicago.edu

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Lars Peter Hansen

@UncertainLars

3 years

Decision rules allow leaders to balance their subjective judgments of the probabilities of various outcomes, and to acknowledge the limited information that underlies such judgements and then move forward in a way that incorporates this uncertainty.

How to Make Rational, Transparent Pandemic Policy

Decision rules can help formalize the process by which leaders make choices.

www.chicagobooth.edu

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