Lars Peter Hansen

Lars Peter Hansen, a distinguished economist from the University of Chicago and Nobel Laureate, engages in a deep dive into the nuances of economic modeling and risk assessment. He discusses the limitations and benefits of quantitative methods in understanding financial systems, especially after the 2008 crisis. The conversation highlights the psychological biases affecting risk evaluation, the need for balanced data and theory in economics, and the implications of fiscal policy in crisis management. Hansen advocates for strategic infrastructure investments and critiques simplistic views on government spending.

Lars Peter Hansen, a Nobel Prize-winning economist and expert in uncertainty, dives into the complexities of decision-making amidst unpredictability. He discusses how policymakers can navigate uncertainty and the implications of declining public trust in scientific authority. The conversation explores the balance required in climate change decisions, weighing immediate action against the need for more information. Hansen also reflects on the importance of transparent communication in science to enhance public confidence and improve decision-making in challenging contexts.