Robert E Merton

Myers is the Robert Merton professor of finance at the MIT Sloan School of Management. His research focuses on the valuation of assets and corporate finance, as well as the government regulation of business.

Roberts cites the laureates Robert Merton and Myron Scholes as classic examples ofwhat is wrong with the Bank of Swedens selections (or rather the selections of a committee of experts convened by the bank). Merton and Scholes shared the prize in 1997 for supposedly brilliant work on how to valu

This isnt to say that economics has been free of embarrassments. In 1997, the award was given to Robert Merton and Myron Scholes for their (valuable) work on options pricing. In an attempt to profit from their theoretical insights, the two men had co-founded extremely profitable Long-Term Capital M

cial world, where so much human action is situational, is mighty hard, especially when events are happening on a global scale. Plus, as sociologist Robert Merton once pointed out, social scientists, a product of the late 19th century, havent been on the job nearly as long as the natural scientists. Und

Bloomberg's default-risk analysis uses the ratio of a company's debt to market capitalization to calculate its odds of failure, similar to the predictive model created by Robert Merton, the Nobel Prize-winning economist at MIT's Sloan School of Management. Advanced Micro Devices Inc. has the largest

Giving the Nobel to the Residency Match reminds me of the options-pricing pioneer Robert Merton winning the award in 1997 a year before his hedge fund Long Term Capital Management imploded and almost took down the world financial system.