Robert C. Merton (Economist)

Robert C. Merton is an American economist renowned for his contributions to financial theory, particularly in the areas of options pricing and risk management. He is best known for developing the Black-Scholes model, which helps assess the value of financial derivatives like options. Merton has also explored the role of finance in economic growth and the importance of understanding risk in investments. His work has greatly influenced modern finance and risk assessment techniques, earning him the Nobel Prize in Economic Sciences in 1997. Merton's insights continue to shape how investors and policymakers approach financial decisions.