Robert C. Merton

Robert Cox Merton (born July 31, 1944) is an American economist. He is a professor at the MIT Sloan School of Management. In 1993 Merton co-founded hedge fund Long-Term Capital Management.

Robert C. Merton
Merton in 2010
Born	(1944-07-31) July 31, 1944 (age 80) New York City, New York, U.S.
Nationality	American
Alma mater	Columbia University California Institute of Technology Massachusetts Institute of Technology
Known for	Black–Scholes–Merton model ICAPM Merton's portfolio problem Merton model Fractional Finance Long-Term Capital Management
Awards	Nobel Memorial Prize in Economic Sciences (1997)
Scientific career
Fields	Finance, economics
Institutions	Massachusetts Institute of Technology Harvard University
Doctoral advisor	Paul Samuelson
Doctoral students	Jonathan E. Ingersoll[1] Robert Jarrow

In 1997 Merton, with Myron Scholes, won the Nobel Memorial Prize in Economic Sciences.