more

more

Swedish 14 oktober 1997 har beslutat utdela Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne år 1997 till Professor Robert C. Merton, Harvard University, Cambridge, USA och Professor Myron S. Scholes, Stanford University, Stanford, USA för en ny metod att värdera derivatinstrument. Robert C. Merton och Myron S. Scholes har, tillsammans med den…

Presentation Speech by Professor Bertil Näslund of the , December 10, 1997. Translation of the Swedish text. Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, If a Swedish company has to pay 10 million dollars for a machine in six months, it runs the risk that the exchange rate will change. In order to protect…

English 14 October 1997 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1997, to Professor Robert C. Merton, Harvard University, Cambridge, USA and Professor Myron S. Scholes, Stanford University, Stanford, USA for a new method to determine the value of derivatives. Robert C. Merton and Myron…

more

more

I was born in New York, New York, on July 31, 1944, the middle child between two sisters, Stephanie and Vanessa. I grew up in Hastings-on-Hudson, a village of about 8000 outside the city, in a house that Vanessa and her family live in today. My father, born in Philadelphia the son of immigrant parents,…

  Additional background material on the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997 14 October 1997 has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997, to Professor Robert C. Merton, Harvard University, and Professor Myron S. Scholes, Stanford University for…

William S. Vickrey was born in Victoria, British Columbia, in 1914. His elementary and secondary education were in Europe and the United States, with graduation from Phillips Andover Academy in 1931. He received a B.S. in mathematics from Yale in 1935, followed by graduate work in economics at Columbia University from 1935 to 1937, when…