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
Globalization Theories Win American Nobel Prize Oct. 13, 2008
Comments
Discussions for this story are now closed. Please see the Community FAQ for more information.