Research Publication

July 2014 | Article

Uncertainty Outside and Inside Economic Models (Nobel Lecture)

Lars Peter Hansen

“We must infer what the future situation would be without our interference, and what changes will be wrought by our actions. Fortunately, or unfortunately, none of these processes is infallible, or indeed ever accurate and complete.” ¬†Knight (1921)

Journal: Journal of Political Economy|Volume: 122|Issue Number: 5|Pages: 945-987|Tags: Econometrics, Financial Market Linkages to the Macroeconomy, Risk, Robustness and Ambiguity, Uncertainty and Valuation|Export BibTeX >

@article{hansen:2014},
Author = {Hansen, Lars},
Date-Added = {2016-03-28 00:37:47 +0000},
Date-Modified = {2016-03-28 00:40:13 +0000},
Journal = {Journal of Political Economy},
Number = {5},
Pages = {945 – 987},
Title = {Nobel Lecture: Uncertainty Outside and Inside Economic Models},
Url = {http://EconPapers.repec.org/RePEc:ucp:jpolec:doi:10.1086/678456},
Volume = {122},
Year = {2014},
Bdsk-Url-1 = {http://EconPapers.repec.org/RePEc:ucp:jpolec:doi:10.1086/678456}}