Lars Peter Hansen

Lars Peter Hansen is an American economist known for his contributions to understanding economic theories, particularly in the areas of uncertainty and decision-making. He is one of the developers of the Generalized Method of Moments (GMM), a statistical technique used to estimate economic models. Hansen's work focuses on how people make decisions under uncertainty, impacting fields like finance and macroeconomics. He was awarded the Nobel Prize in Economic Sciences in 2013, sharing it with two other economists for their insights into how economic models can be tested and used to inform policy decisions.