Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management. He is best known for his pioneering contributions to continuous-time finance, particularly the first continuous-time option pricing model, the Black–Scholes–Merton model. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997, announced October 14, 1997. Robert C. Merton and Myron Scholes, “for a new method to determine the value of derivatives”. Robert C. Merton: born 1944, New York, NY, USA. Myron Scholes: born 1941, Timmins, ON, Canada. Wiki link Wiki link Data: the Nobel Foundation (CC0).