It is named after the American economist that shared the Nobel Prize with Merton, and the economist who was recognized by the Nobel committee that same year, but died in 1995 and was ineligible to share the prize.
This formula was based on the work of Robert Merton and is used to determine the value of stock options. It is named after the American economist that shared the Nobel Prize with Merton, and the economist who was recognized by the Nobel committee that same year, but died in 1995 and was ineligible to share the prize.
This formula was based on the work of Robert Merton and is used to determine the value of stock options.
{Black-Scholes} formula