About Robert Merton
 Robert C. Merton, the John and Natty McArthur University Professor at the Harvard Business School, won the Alfred Nobel Memorial Prize in the Economic Sciences in 1997. After receiving a Ph.D. in Economics from Massachusetts Institute of Technology in 1970, he served on the finance faculty of MIT's Sloan School of Management until 1988 when he moved to Harvard. From 1988-1992, Merton served as a senior advisor to Office of the Chairman, Salomon Inc. In 1993, he co-founded Long-Term Capital Management and served as a principal until 1999. From 1999-2001, he was a senior advisor to J.P. Morgan & Company. Merton is past president of the American Finance Association and a member of the National Academy of Sciences. Merton earned his bachelor of science in engineering and mathematics from Columbia University and his master's degree in applied mathematics from California Institute of Technology.
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