ROBERT C. MERTON

1997 Nobel Laureate in Economics

for a new method to determine the value of derivatives.

• Born: 1944
• Place of birth: New York City, USA
• Education: Ph.D.'70 in Economics from MIT (Cambridge, MA, USA)
• Residence: Boston, MA, USA
• Affiliation: Harvard Business School, Harvard University, Cambridge, USA
  • Email: rmerton@hbs.edu
  • Phone: 1-617-0495-6678
  • Fax: 1-617-496-6592

• Continuous-Time Finance by Robert C. Merton
• Exploring General Equilibrium by late Fischer Black, who was Merton and Scholes's close collaborator in research of derivatives and stock option valuation, and who is also cited in the Nobel Prize Announcement
• Options, Futures, and Other Derivatives Securities (3rd ed.) - John Hull's definitive textbook on derivatives mentioned in the background for the Nobel citation
• The Mathematics of Financial Deriatives: A Student Introduction - a popular, easy-to-understand introduction of the subject of financial derivatives
• Understanding Derivatives: What You Really Need to Know... - a highly readable guide to financial derivatives
• Other books on financial derivatives

• Prize co-recipient: Myron Scholes
• Official award announcement and brief background
• Detailed outline of economic theories behind the award
• Prof. Scholes' Biography
• Summary of Prof. Merton's research
• List of publications
• Derivatives Internet Links

  Search WWW Search The Nobel Prize Internet Archive

• Derivatives Research Unincorporated - a simple non-technical treatment of various topics in derivatives
• Drivatives in Plain English (submitted by Mildred)
• A four-language glossary on derivative instruments
• General explanation of derivatives
• Ashwin Kapur's Java Brewery - Applets for pricing financial options
• International Journal of Theoretical and Applied Finance (submitted by Gan Siew Hooi)
• Harvard Business School press release on the award
• Futures: News, analysis and strategies for futures, options and derivatives traders
• The Investment FAQ - Derivatives (submitted by Miroslav Madjaric)
• The Investment FAQ - Derivatives (submitted by Miroslav Madjaric)
• The Golden Age of Nobel Economists (submitted by Harry van Dalen)
• Derivative meaning (submitted by Sonny Crockett)
• Derivatives books, software, databases and courses (submitted by Mark Rubinstein)
• Portfolio Optimization in Continous Time (submitted by Ferdinand Haas)
• U.S. Patent 5,884,286 Expirationless American Options (submitted by Vergil L. Daughtery, III)
• "Capitalism today and Capitalism tomorrow" ILya Stavinsky
• Investopedia (submitted by Cory)
• Financial Mathematics Bookshelf
• Financial Engineering news (submitted by Pierre-Philippe Ste-Marie)
• the trillion dollar bet (submitted by Richard Cartwright)
• The Golden Age of Nobel Economists (submitted by Harry van Dalen)
• U.S. Patent 6,263,321 Apparatus and Process for Calculating an Option (submitted by Vergil L. Daughtery, III)
• Financial Mathematics
• Autobiography (submitted by Martin)
• A short info about Robert C. Merton (submitted by Davis)
• new method to determine the value of derivatives. (submitted by frank muller)
• new method to determine the value of derivatives. (submitted by Wertout)
• Robert C. Merton biography from Encyclopedia Britannica (submitted by www.britannica.com)
• Robert Cox Merton - Biography (submitted by Lukas)
• Wikipedia entry (submitted by Anonymous)

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