Blockchain Robert Morton

Robert Carhart Merton was born in New York on July 31, 1944. His father is Robert K Merton, a famous American sociologist. Morton married June rose in 1966 and divorced in 1996. They have two sons and one daughter. Professor of Harvard Business School

He is the founder of long term capital management. He received his doctorate in economics from MIT in 1970. Since then, he has taught in the Department of finance at MIT Sloan School of management. 1988 to Harvard Business School. As a senior member of the International Association of financial engineering, he is the first awarder of the annual financial engineer award. He is also a former president of the American Financial Association and a member of the National Academy of Sciences. He won the 1997 Nobel Prize in economics
Robert C. Merton, Professor of finance at Harvard Business School. The highest level "university professor" of Harvard University. 1997 Nobel Prize winner in economics. One of the founders of modern finance. Robert Morton was born in New York on July 31, 1944. His father, Robert K. Merton, is a sociologist at Columbia University and the first sociologist to win the presidential Science Award. Morton received his doctorate in economics from MIT in 1970. He studied with Professor Paul Samuelson, a famous economist and the first Nobel Laureate in economics in the United States. After graation, he began to teach in the Department of finance of Sloan Business School of MIT. During this period, he carried out a series of pioneering research and laid the theoretical foundation of modern finance
in the 1970s, Morton, Fischer black and Myron Scholes jointly invented the mathematical model of financial options, and thus won the 1997 Nobel Prize in economics with Myron Scholes. In 1970, he put forward the famous "Merton model", which is widely used in the pricing of various risk assets and financial derivatives, and laid the foundation for today's booming financial engineering. In 1973, he put forward the multi period capital asset pricing model, which clearly put forward the problem of how to achieve the best portfolio in the changing market environment. Morton's research achievements in the field of asset portfolio have made great contributions to modern financial theory and pointed out the research direction of financial academia
Mr. Morton has a lot of works, and his monograph continuous time finance is now a classic textbook for almost all American doctors of finance. Finance, which he co authored with ZVI Bodie, is a required textbook for the world's top business schools
Mr. Morton is not only highly accomplished in finance, but also a model for the application of financial academic knowledge. He was the managing director of JPMorgan Chase, a famous investment bank. In 1994, John meriwethe and Myron Scholes jointly founded the famous hedge fund "long term capital management company" (LTCM). Now, he is also the chief scientific officer of the trinsum group< As an outstanding economist, Morton has always been concerned about the social problems of economic development. In 2002, in a series of articles, he supported that option expenditure should be regarded as enterprise expenditure and be disclosed accordingly, which was adopted by FASB. In 2006, there was a "pension crisis" in the United States, and Merton put forward a set of pension management solutions called smartnest, which corrected the disadvantages of the traditional fixed income pension plan and fixed contribution pension plan, and was also adopted

He won the Scholar Award of Columbia University in 1964
1971-1972 MIT Salgo noren outstanding teaching award
1983 University of Chicago Leo Melamed Award
the first prize of 1985 and 1986 American Academy of mathematical finance Roger Murray prize competition
1989 East American Institute of finance special Scholar Award
force financial innovation award, Fuqua business school, Duke University, 1993
1993 International Association of financial engineers Annual Financial Engineer Award
1997 Nobel Prize in economics
1998 Columbia University Michael I. Pupin national contribution award
1999 American Mathematics finance Lifetime Achievement Award
in 2005, MIT established Robert C. Merton chair professor named after him
primia award of International Association of professional risk managers in 2006; 1970 member of sigma Xi, MIT
1982-1984 director of the American Financial Association
1987-1988 director of the American Financial Association< Since 1983, he has been a member of the American Institute of econometrics< Since 1986, he has been a member of the American Academy of Arts and Sciences
chairman of the American Financial Association in 1986
vice president of the American Institute of financial research, 1993
since 1993, academician of the National Academy of Sciences
since 1994, senior academician of the International Association of financial engineers
Institute of mathematical finance since 1997; Q Group' Senior academician
since 2000, academician of American Financial Management Association
since 2000, academician of American Financial Association. 2007 - director and chief scientific officer of trinsum group
co founder, director and chief scientific officer of Integrated Finance Limited from 2002 to 2007
member of the competitive market advisory committee of the Chicago Mercantile Exchange in 2004
director of community first financial group in 2003; Director of dimensional funds group
managing director of JPMorgan Chase in 2001
Senior Consultant of JPMorgan from 1999 to 2000
co founder of long term capital management, 1993-1999

Robert Morton, Professor of Harvard Business School

There are many ways

Matthew effect refers to a phenomenon that the better the better, the worse the worse. It exists widely in social psychology, ecation, finance and science. Matthew effect is a term commonly used by sociologists and economists. It profoundly reflects the phenomenon that the rich are richer and the poor are poorer. It is an obvious polarization phenomenon. In 1968, Robert Morton of the United States put forward this term to generalize the social psychological phenomenon. Later, this term was borrowed by the economic circles to reflect the stronger and weaker social phenomenon. It can also be used to refer to the phenomenon of uneven income distribution in economics{ RRRRR}

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