Quote of the day
From too much love of living,
From hope and fear set free,
We thank with brief thanksgiving
Whatever gods may be
That no life lives for ever,
That dead men rise up never;
That even the weariest river
Winds somewhere safe to sea.
Robert C. Merton
Born: July 31, 1944 (age 81)
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)







