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 the prize revoked because he says their formula doesn't work.
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Professor Wants Pairs' 1997 Nobel Revoked

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Professor Wants Pairs' 1997 Nobel Revoked

Professor Wants Pairs' 1997 Nobel Revoked

Professor Wants Pairs' 1997 Nobel Revoked

  • Download
  • <iframe src="https://www.npr.org/player/embed/95664742/95664720" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

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.

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