Statistics and Data Science Seminar with Nobel Laureate Lars Peter Hansen

Department of Statistics and Data Science proudly presents:
Risk, Ambiguity, and Misspecification: Decision Theory, Robust Control, and Statistics, presented by Lars Peter Hansen

Co-sponsored by the Center for Dynamic Economics, Transdisciplinary Institute in Applied Data Sciences, and The Weidenbaum Center on the Economy, Government, and Public Policy

This lecture will address "deep uncertainties" and how their presence should influence prudent decisions, bringing ideas from robust control theory into statistical decision theory. Professor Hansen will explore applications to the design of prudent policies for confronting climate change in the presence of pervasive uncertainty.

After Hansen's talk, a complimentary reception will follow in O'Donnell Lounge.

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Speaker Bio: Lars Peter Hansen is a leading expert in economic dynamics who works at the forefront of economic thinking and modeling, drawing approaches from macroeconomics, finance, and statistics. He is the developer of the generalized method of moments (GMM), a widely used technique in econometrics and statistics. Hansen has made fundamental advances in our understanding of how economic agents cope with changing and risky environments. He is the recipient of the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, also known as the Nobel Memorial Prize in Economic Sciences.

 

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