McMaster University (BA) University of Chicago (MBA, PhD)
Doctoral advisor
Eugene Fama Merton Miller
Influences
George Stigler, Milton Friedman
Contributions
Black–Scholes model
Awards
Nobel Memorial Prize in Economics (1997)
Information at IDEAS / RePEc
Myron Samuel Scholes (/ʃoʊlz/SHOHLZ;[1] born July 1, 1941) is a Canadian–American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model. Scholes is currently the chairman of the Board of Economic Advisers of Stamos Capital Partners. Previously he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors and the Cutwater Advisory Board. He was a principal and limited partner at Long-Term Capital Management (LTCM), a highly leveraged hedge fund that collapsed in 1998, and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago.
In 1997, Scholes – together with Robert C. Merton – was awarded the Nobel Memorial Prize in Economic Sciences for a method to determine the value of derivatives. The model provides a conceptual framework for valuing options, such as calls or puts, and is referred to as the Black–Scholes model.
^"Scholes on merriam-webster.com". Retrieved October 20, 2012.
Myron Samuel Scholes (/ʃoʊlz/ SHOHLZ; born July 1, 1941) is a Canadian–American financial economist. Scholes is the Frank E. Buck Professor of Finance...
Fischer Black & MyronScholes, "The Pricing of Options and Corporate Liabilities", Journal of Political Economy (1973). F. Black & M. Scholes, "The Effects...
as a discipline in the 1970s, following the work of Fischer Black, MyronScholes and Robert Merton on option pricing theory. Mathematical investing originated...
Prize in Economic Sciences on the faculty (William F. Sharpe 1990, MyronScholes 1997, Michael Spence 2001, Guido Imbens 2021), five recipients of the...
Scholes (the sch is pronounced sh or sk) may refer to: Scholes, in St Helens, Merseyside. Scholes, Greater Manchester, in Wigan Scholes, South Yorkshire...
of Salomon Brothers who made the firm public. MyronScholes, economist who invented the Black–Scholes model, recipient of the Nobel Memorial Prize in...
Buffalo, New York in a paper by Fischer Black, Michael Jensen, and MyronScholes. Either that fact is itself rational (which saves the efficient-market...
For instance, Long-Term Capital Management, a hedge fund cofounded by MyronScholes, ignored kurtosis risk to its detriment. After four successful years...
variable insurance contracts or certain qualified retirement plans. MyronScholes, Nobel laureate and Ph.D., joined Janus as chief investment strategist...
serve the IAQF as Senior Fellows and include such notable names as MyronScholes, Robert Merton, William Sharpe, and Jonathan Ingersoll. The winner of...
Index Dashboard". www.cboe.com. Retrieved 2020-09-02. Black, Fischer; Scholes, Myron (1973). "The Pricing of Options and Corporate Liabilities". Journal...
advisor Merton Miller Harry V. Roberts Doctoral students Cliff Asness, MyronScholes, Mark Carhart Contributions Fama–French three-factor model Efficient-market...
particularly options. MyronScholes, (born 1941), Canadian-American, financial economist who is best known as one of the authors of the Black–Scholes equation. Eduardo...
Nouriel Roubini, Iranian-American Paul Samuelson, Nobel Prize (1970) MyronScholes, Nobel Prize (1997) Anna Schwartz, economist who published A Monetary...
International Campaign to Ban Landmines; Jody Williams Robert C. Merton; MyronScholes 1998 Robert B. Laughlin; Horst Ludwig Störmer; Daniel C. Tsui Walter...
Massachusetts Institute of Technology Black–Scholes–Merton model, ICAPM, Merton's portfolio problem MyronScholes (b. 1941) Canada United States University...
an accompanying bestselling book. Fischer Black and MyronScholes first articulate the Black–Scholes mathematical model of a financial market containing...
physics for her work with laser physics MyronScholes, Nobel laureate in economics for his work with the Black–Scholes model Harold Innis, contributed to the...
in the theory of non-cooperative games" Reinhard Selten Germany 1997 MyronScholes Canada / United States "for a new method to determine the value of derivatives"...
Robert Bork Frank H. Easterbrook Business and finance Harry Markowitz MyronScholes Merton Miller Julian Lincoln Simon Eugene Fama Kenneth French Campbell...
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