Lars Hansen

Lars Hansen is an influential American economist known for his work in macroeconomics and financial economics. He is best recognized for developing the "Hansen-Jagannathan" bounds, which relate to asset pricing and the evaluation of risk. His research often explores how people's expectations and uncertainty influence economic decisions. Hansen received the Nobel Prize in Economic Sciences in 2013, jointly with Robert Shiller and Eugene Fama, for their analysis of asset prices. His contributions have significantly impacted how economists understand financial markets and the broader economy.