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Uncertainty outside and inside economic models

Hansen, Lars Peter - 2014

Persistent link: https://www.econbiz.de/10010412425

Uncertainty Outside and Inside Economic Models

Hansen, Lars Peter - 2014

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)

Persistent link: https://www.econbiz.de/10013048614

Uncertainty Outside and Inside Economic Models

Hansen, Lars Peter - 2015

Persistent link: https://www.econbiz.de/10013033066

Beliefs, Doubts and Learning : Valuing Economic Risk

Hansen, Lars Peter - 2007

underpinnings of asset pricing models. I illustrate how statistical ambiguity can alter the risk-return tradeoff familiar from asset … pricing; and I show that when real time learning is included risk premia are larger when macroeconomic growth is lower than …

Persistent link: https://www.econbiz.de/10012465708

Uncertainty Outside and Inside Economic Models

Hansen, Lars Peter - 2014

Persistent link: https://www.econbiz.de/10012458272