Larry Epstein

Larry Epstein is a Professor in the Department of Economics at McGill University. His research focuses on Microeconomics, Decision Theory, and Mathematical Economics. Epstein received his PhD from the University of British Columbia in 1977 and held academic positions at the University of Toronto, University of Rochester, and Boston University. He returned to Canada and joined McGill in August 2021. His work explores formal abstract modeling, often with an axiomatic approach, and has connections to finance, operations research, probability theory, and statistics. Epstein has been elected a Fellow of the Econometric Society and a Member of the American Academy of Arts and Sciences.

Larry G Epstein is a Professor of Economics at McGill University, known for his contributions to decision theory, asset pricing, and microeconomics. His research explores the interplay between risk, ambiguity, and time in economic decision-making. Epstein's work includes theoretical and empirical analyses of consumption and asset returns, with a focus on stochastic differential utility and dynamic risk aversion. He has examined how ambiguity and uncertainty affect asset markets, leading to insights on intertemporal asset pricing and the equity premium puzzle. His research also addresses dynamically consistent beliefs, subjective probabilities, and the role of ambiguity aversion in economic models.