Prof. Myron Scholes, 1997 Nobel Prize Winner in Economic Sciences, Delivers Last Lecture


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  • Description: Black for "a new method to determine the value of derivatives." The research was first published by Scholes and Black in the Journal of Political Economy in 1973, shortly after the first options exchange opened in Chicago. What has become known as the Black-Scholes options pricing model, a benchmark formula for the valuation of stock options, put a fledgling options market on its feet. Faculty Profile: gsbapps.stanford.edu Recorded: April 13, 2004 ... Nobel Scholes Stanford "Last lecture ...

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