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Economist Robert C. Merton delivered MIT’s 50th Killian Lecture, discussing the Nobel-Prize-winning Black-Scholes-Merton model for pricing stock options, and its applications for virtually any other type of business decision.

United statesPaula samuelsonJames bondJamesr killian jrMyron scholesLily tsaiFischer blackRobertc mertonAmerican academy of artsColumbia universityHarvard business schoolNational academy of sciencesInstitute huntington hallAmerican finance associationSloan school of managementDepartment of economics