Professor Wants Pairs' 1997 Nobel Revoked

Economists Robert Merton and Myron Scholes won the 1997 Nobel Prize in economics. Their formula for evaluating stock options laid the ground work for risk-management in modern financial markets. Nasim Taleb, a professor at New York University and a hedge fund owner, wants their prize revoked. Taleb tells Renee Montagne that their formula doesn't work.

Related NPR Stories

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: