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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 | |
|---|---|
.jpg) Merton in 2010 | |
| Born | July 31, 1944 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.
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