Quote of the day
In all works on Natural History, we constantly find details of the marvellous adaptation of animals to their food, their habits, and the localities in which they are found.
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)