Fischer Black

Fischer Black was an influential American economist and a key figure in financial theory, best known for his role in developing the Black-Scholes model, a mathematical approach to pricing options—financial contracts that give the right to buy or sell an asset. His work laid the foundation for modern financial markets and risk management. Black’s insights transformed how investors assess the value of options, helping to shape practices in trading and investment strategies. He also contributed to various economic theories, including those related to corporate finance and investment decision-making. Black's legacy continues to impact finance today.