Quote of the day
War is not its own end, except in some catastrophic slide into absolute damnation. It's peace that's wanted. Some better peace than the one you started with.
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)