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Black-Scholes formula
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Black-Scholes formula

economics

Learn about this topic in these articles:

work by

    • Merton
      • Merton, Robert C.
        In Robert C. Merton

        …whose option valuation model, the Black-Scholes formula (developed with economist Fischer Black), provided the foundation for much of Merton’s work.

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    • Scholes
      • In Myron S. Scholes

        …colleague Fischer Black on the Black-Scholes option valuation formula, which made options trading more accessible by giving investors a benchmark for valuing. Scholes shared the 1997 Nobel Prize in Economic Sciences with Robert C. Merton, who generalized the Black-Scholes formula to make it apply to other areas of finance. (Black,…

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