Quote of the day
Policemen so cherish their status as keepers of the peace and protectors of the public that they have occasionally been known to beat to death those citizens or groups who question that status.
Robert C. Merton
Born: July 31, 1944 (age 80)
Bio: Robert Cox Merton is an American economist, Nobel laureate in Economics, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black Scholes formula.
Known for:
- Continuous -Time Finance (1990)
- Financial Economics (2009)
- The Derivatives Sourcebook (2006)
- Theory of rational option pricing (2015)