The Nobel Memorial Prize in Economics 1997: Press Release from the Royal Swedish Academy of Sciences
瑞典皇家科学院宣布将1997年诺贝尔经济学奖授予罗伯特·C·默顿和迈伦·S·舒尔斯，表彰他们与已故的费希尔·布莱克合作开发了股票期权估值公式，该方法为经济估值和风险管理提供了新工具。
The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 1997, to Professor Robert C. Merton , Harvard University, Cambridge, MA, and Professor Myron S. Scholes , Stanford University, Stanford, CA, for a new method to determine the value of derivatives. Robert C. Merton and Myron S. Scholes have, in collaboration with the late Fischer Black, developed a pioneering formula for the valuation of stock options. Their methodology has paved the way for economic valuations in many areas. It has also generated new types of financial instruments and facilitated more efficient risk management in society.