Published Jun 30, 2014

Lars Peter Hansen on Risk, Ambiguity, and Measurement

Nobel Laureate Lars Peter Hansen delves into the challenges of measuring systemic risk and the limitations of economic models, highlighting the political dynamics influencing fiscal policy and the importance of long-term risk management strategies over short-term fixes in achieving economic stability.

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Topics covered

Episode Highlights

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Lars Peter Hansen on Risk, Ambiguity, and Measurement

Topics covered

Popular Clips

Rethinking Monetary Policy

Climate Change Uncertainty

Systemic Risk Concerns

Understanding Labor Market Anomalies

Enduring Research Areas

Rethinking Economics

False Confidence

Understanding Financial Oversight

Policy Design Simplified

Life after Winning

Quantifying Knowledge

Quantitative Analysis and Risk Management

Measuring Systemic Risk

Managing Financial Risk

Episode Highlights

Systemic Risk

Policy Implications

Economic Models

Related Episodes

John Kay and Mervyn King on Radical Uncertainty

Nassim Nicholas Taleb on the Financial Crisis

Riccardo Rebonato on Risk Management and the Crisis

Richard Posner on the Financial Crisis

Nassim Nicholas Taleb on Black Swans, Fragility, and Mistakes

Robert Pindyck on Averting and Adapting to Climate Change

Peter Boettke on Mises

Robert Pindyck on Climate Change

Arnold Kling on Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Regulation

Simon Johnson on the Financial Crisis

Carmen Reinhart on Financial Crises

Nassim Nicholas Taleb on the Pandemic

John Taylor on Fiscal and Monetary Policy

Robert Aronowitz on Risky Medicine

Nassim Nicholas Taleb on Black Swans

Lars Peter Hansen on Risk, Ambiguity, and Measurement

Topics covered

Popular Clips

Episode Highlights

Systemic RiskLars Peter Hansen explores the intricacies of measuring systemic risk and its implications for financial regulation. He discusses the challenges of quantifying this elusive concept and the political dynamics that influence economic decision-making.

Systemic Risk

Policy ImplicationsLars Peter Hansen examines the complexities of fiscal policy and quantitative analysis in economic stability. He critiques the reliance on short-term fiscal measures and emphasizes the need for robust risk management tools.

Policy Implications

Economic ModelsLars Peter Hansen, a Nobel Laureate, examines the complexities of economic models, highlighting their role in shaping monetary policy and understanding risk. He emphasizes the need for models that balance quantitative ambitions with an awareness of their limitations.

Economic Models

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