Myron Samuel Scholes (born July 1, 1941) is a Canadian-born American financial economist who is best known as one of the authors of the Black–Scholes equation. In 1997 he 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.
== Quotes ==
Now it is time to encourage the BIS and other regulatory bodies to support studies on stress-test and concentration methodologies. Planning for crises is more important than VAR analysis.
American Economic Review (May 2000)
== External links ==
Black-Scholes Options Pricing Model
The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel 1997
Myron Scholes Stanford University Faculty Page