Myron Scholes

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Myron Scholes



yron Scholes is a Canadian-American economist who shared the Nobel Prize for Economic Sciences with American economist Robert C. Merton for his work in finding out a new method to calculate the value of stock derivatives. Scholes and Fischer Black had earlier developed the ‘Black-Scholes Formula’ for calculating the value of stock options. Robert C. Merton elaborated this formula to encompass the calculation of a lot of other things like mortgages and loans. Fischer Black could not receive the prize with others as he had passed away in 1995. Risk premiums could not be calculated properly due to the uncertainty of the price of options at the time of maturity which could either rise or fall. It was difficult to determine the correct price of ...more

Average rating: 3.66 · 160 ratings · 8 reviews · 4 distinct works
The Alpha Masters: Unlockin...

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3.58 avg rating — 680 ratings — published 2012 — 12 editions
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Regulating Wall Street: The...

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3.70 avg rating — 40 ratings — published 2010 — 13 editions
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The 4% Solution: Unleashing...

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3.55 avg rating — 31 ratings — published 2012 — 3 editions
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Regulating Wall Street Lib/...

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