Quote of the day
The most important American addition to the World Experience was the simple surprising fact of America. We have helped prepare mankind for all its later surprises.
Robert C. Merton
Born: July 31, 1944 (age 82)
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)







