Awards & Recognition
★Nobel Memorial Prize in Economic Sciences (1997)
★MIT Killian Award (2021-2022)
★Financial Engineer of the Year Award (1993)
★WFE Award for Excellence (2013)
★Risk's Lifetime Achievement Award (2003)
★Nicholas Molodovsky Award from CFA Institute (2003)
★Derivatives Hall of Fame (1998)
★Risk Hall of Fame (2002)
★S. Donald Sussman Fellowship (2016-2017)
Notable Facts
→Co-winner of 1997 Nobel Prize in Economics for Black-Scholes-Merton options pricing model
→Distinguished Professor of Finance at MIT Sloan School of Management
→Co-founded Long-Term Capital Management hedge fund which collapsed in 1998 requiring $3.6B bailout
→Member of National Academy of Sciences and Fellow of American Academy of Arts and Sciences
→Past president of American Finance Association
→University Professor Emeritus at Harvard University (1988-2010)
→Resident Scientist at Dimensional Fund Advisors
→Author of multiple finance textbooks including 'Continuous-Time Finance'
→Son of sociologist Robert K. Merton