On Asset Pricing, Market Efficiency and Bubbles: Hansen’s Answers

On January 4, 2014, the American Financial Association (AFA) hosted a panel discussion with 2013 Nobel laureates. AFA President Luigi Zingales, the panel moderator, posed questions about connections between the prize-winning work, market efficiency, and asset pricing “bubbles.”

Here, Lars Peter Hansen elaborates on his responses at the panel.

Download Hansen’s answers