Nobel-Prize Winner Myron Scholes has greatly contributed to the field of finance.
His Black-Scholes Theorem specified the first successful options-pricing formula. It also laid the framework for pricing other derivative instruments, giving rise to quantitative finance. It remains one of the most important concepts in financial theory.
Professor Emeritus at Stanford University, he is currently Chief Investment Strategist at Janus Capital Group and Chairman of the Board of Economic Advisors at Stamos Partners. He has garnered international acclaim from his research as a Stanford Business, MIT Sloan School of Business, and University of Chicago Booth professor. He is the author of numerous economic articles and studies.