Event details
Geophysicists examine and document the repercussions for the earth’s climate induced by alternative emission scenarios and model specifications. Using simplified approximations, they produce tractable characterizations of the associated uncertainty. Meanwhile, economists write simplified damage functions to assess uncertain feedbacks from climate change back to the economic opportunities for the macroeconomy. How can we assess both climate and emissions impacts, as well as uncertainty in the broadest sense, in social decision-making? In this lecture, Lars Peter Hansen will provide a framework for answering this question by embracing recent decision theory and tools from asset pricing, and applying this structure with its interacting components in a revealing quantitative illustration. In 2013, Hansen was a recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his work advancing understanding of asset prices through empirical analysis. He is the Director of the Macro Finance Research Program (MFR) and the David Rockefeller Distinguished Professor at the University of Chicago.
Agenda:
5.30-6.00pm – Registration
6.00-6.10pm – Introduction
6.10-6.50pm – Lecture by Professor Lars Peter Hansen
6.50-7.00pm – Q&A from the audience
7.00pm onwards – Drinks reception
Venue: City and Guilds Builds Lecture Theatre 200, Imperial College London. Building B2 on the Map
Professor Lars Peter Hansen
Lars Peter Hansen is a leading expert in economic dynamics who works at the forefront of economic thinking and modeling, drawing approaches from macroeconomics, finance, and statistics. He is a recipient of the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Hansen joined the faculty of the University of Chicago’s Department of Economics in 1981 He is now David Rockefeller Distinguished Service Professor of Economics, Statistics, Booth School of Business and the College