Derived by economists Myron Scholes, Robert Merton, and the late Fischer Black, the Black-Scholes Formula is a way to determine how much a call optionis worth at any given time. The economist Zvi ...

Robert Merton was eight years old when he began his entrepreneurial ... he went on to become one of the most influential researchers in financial economics, expanding the Black-Scholes formula, which ...

Since developing the Black-Scholes-option pricing model with his good friend Fischer Black and co-laureate Robert Merton, Myron Scholes has become ... In the early 1970s, Scholes and Black created a ...

This growth is due in part to the long-term consequences of the now famous option pricing formula developed by Black, Scholes and Merton and published in 1973 and the increase in the volatility of ...