Who shared the Nobel Prize with Merton?
Paul Samuelson
Myron Scholes
Milton Friedman
John Nash
Answer
Myron Scholes shared the Nobel Prize with Robert C. Merton in 1997 for their groundbreaking work on the pricing of options. Their Black-Scholes model revolutionized the financial industry by providing a mathematical framework for valuing these complex financial instruments. The model has become an essential tool for investors, traders, and financial institutions worldwide, enabling them to make informed decisions about option pricing and risk management.
Mastering Merton: A Deep Dive into the Legacy of Robert C. Merton
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