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ROBERT C. MERTON - AUTOGRAPH NOTE SIGNED 12/1997 - HFSID 272324

ROBERT C. MERTON The 1997 Nobel Prize winner pens a note to a fan on stationary from the Grand Hotel, Stockholm, Sweden Autograph Note Signed: "For Nicole Minkle,/Nobel Week/Robert C. Merton/December 1997", 1p, 5¾x8¼. On stationery of the Grand Hotel, Stockholm, Sweden.

Sale Price $198.00

Reg. $220.00

Condition: fine condition
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ROBERT C. MERTON The 1997 Nobel Prize winner pens a note to a fan on stationary from the Grand Hotel, Stockholm, Sweden Autograph Note Signed: "For Nicole Minkle,/Nobel Week/Robert C. Merton/December 1997", 1p, 5¾x8¼. On stationery of the Grand Hotel, Stockholm, Sweden. In the early 1970s, Merton published a paper on the mathematics of stock option markets which reached the same conclusions as another paper by Fischer Black and Myron Scholes. The resulting model became known as Black-Scholes, but it was Merton and Scholes who received the 1997 Nobel Prize in Economics after Black's death. Merton is a strong exponent of the view that corporations which include stock options in compensation packages should treat these options as expenses on their balance sheets. He is the son of renowned sociologist Robert K. Merton, who coined the term "self-fulfilling prophecy." Signed while in Stockholm for the Nobel Prize banquet. (The award presentation took place subsequently in Oslo, Norway.) Fine condition.

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