Book 185 Understanding Market Madness Insights from Nobel Economists #economist #investing #data
The 2013 Nobel Prize in Economics was awarded to Eugene F. Fama, Lars Peter Hansen, and Robert J. Shiller for their collective analysis of asset prices. They made foundational, yet seemingly contradictory, contributions: Fama showed that stock prices are extremely hard to predict in the short run, while Shiller demonstrated that they are predictable in the long run. Hansen developed the statistical methods that made such analysis possible.
About Lars Peter Hansen
Lars Peter Hansen (born 26 October 1952 in Urbana, Illinois) is an American economist. He is the David Rockefeller Distinguished Service Professor in Economics, Statistics, and the Booth School of Business, at the University of Chicago and a 2013 recipient of the Nobel Memorial Prize in Economics. Hansen is best known for his work on the generalized method of moments. He is also a distinguished macroeconomist, focusing on the linkages between the financial sector and the macroeconomy. His curren...
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