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 ...

This recognition is well-deserved." The Fischer Black Prize honors the memory of Fischer Black, formerly a general partner at Goldman Sachs and professor at the Massachusetts Institute of ...

Prior to taking up his position at the Fund, Mr. Fischer was the Killian Professor and the Head of the Department of Economics at MIT (Massachusetts Institute of Technology). From January 1988 to ...