Robert C.

Merton

 Robert

Carhart Merton was born on 31 July 1944 n New York City to sociologist Robert k. merton and Suzanne Carhart. is an American economist , university professor & Nobel laureate in economics.
fields are finance & economics.

He

His

Merton

was married to June Rose from 1966 to 1996. They have three children; two sons and one daughter.

 He

earned a Bachelor of Science in Engineering Mathematics from the school of engineering & applied science of Columbia.
of Science from the California institute of technology. doctorate in economics from the Massachusetts institute of technology in 1970.

A Masters

His

 In

1993, Merton became a member of the U.S. (United states national academy of sciences) In 1997, Merton was awarded the nobel memorial prize in economic sciences . In 1999, Merton was awarded a lifetime achievement award in mathematical finance. In 2005 the Baker Library at Harvard University opened The Merton Exhibit in his honor. In 2010, Merton received the Kolmogorov medal.

 In

1969, Merton published Merton portfolio problem. In 1970, he introduced the merton model which treated equity as an option on a firm's assets. In 1973, Merton introduced the Intertemporal Capital Asset Pricing Model (ICAPM). Consumption and portfolio selection. Equilibrium asset pricing. Contingent-claim pricing . Continuous term finance.

 A Centennial

Symposium
of the Royal

Philosophical Transactions

Society of London,
The

Future of Pensions in the United States

Financial

Services: Perspectives and Challenges

 Studies

of Supply and Demand in Higher Education of Monetary Economics

Handbook

Are

the Distinctions Between Debt and Equity Disappearing? New Palgrave: A Dictionary of Economic Theory and Doctrine

The

 He

is currently the School of Management Distinguished Professor of Finance at MITs Sloan School of Management.
is past President of the American Finance Association. of the National Academy of Sciences and a fellow of the American Academy of Arts and Sciences.

Merton

A member

 Address:Harvard

Business School

Morgan Hall 397 Soldiers Field Boston, MA 02163