tag:blogger.com,1999:blog-582368152716771238.post441587836512420858..comments2024-03-18T07:59:05.430-05:00Comments on The Grumpy Economist: Lars Hansen's NobelJohn H. Cochranehttp://www.blogger.com/profile/04842601651429471525noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-582368152716771238.post-78941799676051354612014-06-07T14:06:42.522-05:002014-06-07T14:06:42.522-05:00Hahaha! Superb. I concur. The theory behind classi...Hahaha! Superb. I concur. The theory behind classic GMM is hands down… brilliant! Most pop techniques are nothing but special cases of it. And most eq pricing equations (think mickey mouse euler/navier-stokes like) under your favourite expected utility representation can be tested in this manner.Wayne C. Rooneynoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-42347957638939754072013-10-25T08:17:36.453-05:002013-10-25T08:17:36.453-05:00The Nobel prize for Professors Fama, Hansen and Sh...The Nobel prize for Professors Fama, Hansen and Shiller is hugely deserved given the many contributions they have made (you didn't even mention the Hansen and Jaganathan (1991) bound, for example). I have a question, please: Could Hansen and Sargent win a second Nobel prize each for all their (more recent) work on robust preferences, ambiguity aversion and Knighian uncertainty? Is this work sufficiently mainstream, for example?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-86548506581890716802013-10-15T18:25:25.593-05:002013-10-15T18:25:25.593-05:00"Asset Pricing" Princeton University Pre..."Asset Pricing" Princeton University PressJohn H. Cochranehttps://www.blogger.com/profile/04842601651429471525noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-58910181454369590702013-10-15T18:13:13.126-05:002013-10-15T18:13:13.126-05:00Can you recommend an econometrics/macro book that ...Can you recommend an econometrics/macro book that explains this as eloquently as you did but in more detail?Johnhttps://www.blogger.com/profile/01457388998903348000noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-70144803424759360792013-10-15T18:06:50.569-05:002013-10-15T18:06:50.569-05:00Thank you for your excellent introduction to Hanse...Thank you for your excellent introduction to Hansen's work, and although without your approval, I enjoyed the equations as a non-economist statistician. Hansen is my favorite; whenever I meet him I try to have some small or not so small talk with him, and every time I do it, I feel his genuine care and nicety.<br /><br />I think roughly two years ago they gave the price the Sims, Hansen's PhD advisor, and Sargent, Hansen's cooperator, but skipped Hansen himself, so I suppose he'd wait for another ten years or so. Therefore, when I met him at a BFI conference late September, I didn't express my wish for him to get that magic call from Sweden. Now I've missed that chance forever!<br /><br />So maybe I should learn from that mistake. From now on, I'll grab every opportunity to wish you to get the call whenever I'd meet you in early autumn, for the next thirty years, or probably much shorter.Anonymoushttps://www.blogger.com/profile/14688735726967184432noreply@blogger.com