Robert C. Merton — SPARQNOW

At-a-Glance

Awarded the Nobel Memorial Prize in Economic Sciences in 1997 for developing a method to determine the value of derivative securities.
School of Management Distinguished Professor of Finance at the MIT Sloan School of Management.
Best known for his contributions to the Black–Scholes–Merton model, the first continuous-time option pricing model.
Serves as a Resident Scientist at Dimensional Fund Advisors, working on pension management.
Served on the board of directors of Long-Term Capital Management (LTCM).
Earned a Ph.D. in economics from the Massachusetts Institute of Technology (MIT) in 1970.

Biography

Robert C. Merton is an American economist and a Nobel Memorial Prize in Economic Sciences laureate. He is widely recognized for his pioneering contributions to continuous-time finance, most notably the development of the Black–Scholes–Merton model, the first continuous-time option pricing model. In 1997, Merton and Myron Scholes jointly received the Nobel Memorial Prize for their work on valuing derivative securities.