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Lars Peter Hansen named HEC Paris Professor Honoris Causa

26 May 2015

Lars Peter Hansen, Nobel Prize in Economics and professor at the University of Chicago, has been named HEC Paris Honoris Causa  Professor. The title was awarded at a special ceremony hosted by Bernard Ramanantsoa, Dean of HEC Paris, and Pierre Dussauge, Dean of Faculty and Research.

Professor Hansen is a world-leading researcher in econometrics, working at the boundary of economics and statistics. He has made fundamental advances in our understanding of how economic agents behave in risky or uncertain environments, and has developed statistical methods analyzing the link between macroeconomic indicators and financial assets. 

He won the 2013 Nobel Prize in Economics, the 2010 BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management, the 2008 CME Group-MSRI Prize in Innovative Quantitative Applications, and the 2006 Erwin Plein Nemmers Prize in Economics. 

His best-known theory, THE GENERALIZED METHODS OF MOMENTS, is one of the most widely used methods of estimation for models in economics and finance, and is unique in its straightforward usage. 

Professor Hansen is David Rockefeller Distinguished Service Professor of Economics, Statistics, and the College at the University of Chicago, and is director of the Becker Friedman Institute. He holds a bachelor’s degree in mathematics and political science from Utah State, and a doctorate in economics from the University of Minnesota. 

For more than 20 years, HEC Paris has bestowed Honoris Causa Professorships on researchers who have significantly and durably influenced their fields. More than 40 Honoris Causa professors from all over the world are now part of the HEC community. They include Nobel Prize winners such as Oliver Williamson, Pierre-Gilles de Gennes, Thomas J. Sargent and Muhammad Yunus, world famous academics such as Michael Porter and Jim March, professors from the Collège de France like Antoine Compagnon, and members of the Académie Française such as Hélène Carrère d’Encausse. 

Before being presented with the award, Professor Hansen addressed students and faculty on ‘Consequences of uncertainty’. He noted: “Prof. Hansen said: "Uncertainty must be at the forefront of economic analysis, by increasing exposure to—and enhancing decision-maker concerns about—uncertainty, while imposing frictions in financial markets and 'shocks' to those frictions."

About HEC Paris:

Specializing in management education and research, HEC Paris offers a complete and unique range of educational programs f or the leaders of tomorrow: Masters programs, MBAs, PhOs, Executive MBAs, TRIUM Global Executive MBAs, and open-enrolment and custom executive education programs.

Founded in 1881 by the Paris Chamber of Commerce and Industry, HEC is itself a founding member of ParisTech and Université Paris-Saclay. It boasts a permanent faculty of 110 professors, more than 4,000 students, and over 8,500 managers and executives in training each year. 

Press Contact:     Leyla Douci-Habane +33.1.39.67.94.23  -   douci@hec.fr


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