7 Robert C. Merton Quotes for You to Enjoy

Robert C. Merton

American Economist

Born: Jul 31, 1944

College Economics Mathematics Me People School

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

The special sphere of finance within economics is the study of allocation and deployment of economic resources, both spatially and across time, in an uncertain environment. To capture the influence and interaction of time and uncertainty effectively requires sophisticated mathematical and computational tools. Robert C. Merton

Finance Time Economics Tools Resources Sphere Uncertain Uncertainty Both Economic Computational Allocation Environment Study Sophisticated Within Mathematical Effectively Influence Interaction Deployment Across Requires Special Capture

I think in the case of my father, in terms of the things that influenced me, he never pressed me to go into academics or pressed me to go to a field, and indeed, my behavior was largely to move as far the other direction. I don't think that's uncommon with people with very successful parents. Robert C. Merton

Me People Behavior Father Parents Field Think Other Indeed Pressed Case Direction Uncommon Never He Academics Terms Go Very Move Influenced Far Successful Largely Things

School work and intellectual interests such as music and the arts were not especially important to me while I was growing up, although mathematics, my favorite subject, was fun. Baseball was my first passion: I played sand lot and Little League and rooted for the Brooklyn Dodgers. Robert C. Merton

Work Music Mathematics Me School Passion First Important Favorite Brooklyn League Although Dodgers Were Subject Intellectual Lot Up Arts While Little Sand Rooted Interests Little League Fun Baseball Growing Growing Up Played

My mother taught me caring and sensitivity towards the feelings of others, animals as well as humans. She gave me much good, practical advice for getting through life. Robert C. Merton

My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation. Robert C. Merton

Mathematics Business Inflation Decision Made Economics Controlling Had Part Tied Leave Unemployment Stopping Dysfunctional Cycles Popular Belief Fundamental Applied

My principal contribution to the Black-Scholes option-pricing theory was to show that the dynamic trading strategy prescribed by Black and Scholes to offset the risk exposure of an option would provide a perfect hedge in the limit of continuous trading. Robert C. Merton

Black Strategy Would Risk Perfect Principal Limit Trading Provide Continuous Option Contribution Offset Dynamic Hedge Show Theory Exposure Prescribed

In college I started studying the stock market. I went down to the stock exchange, watched all the activity from the visitors' gallery, people running around, calling numbers, shouting, and all the paper flying and the bells ringing, and of course that was exciting, and it seemed to lend itself to my analytical skills. Robert C. Merton

People College Down Analytical Market Paper Flying Visitors Running Ringing Seemed Exchange Exciting Studying Calling Course Around Itself Stock Stock Exchange Stock Market Lend Gallery Skills Shouting Activity Bells Watched Started Numbers

Robert C. Merton Quotes

No more Robert C. Merton quotes