Robert C. Merton

Robert C. Merton is the School of Management Distinguished Professor of Finance at MIT Sloan School of Management. He is also the John and Natty McArthur University Professor Emeritus at Harvard University. Merton served as the George Fisher Baker Professor of Business Administration and the John and Natty McArthur University Professor at Harvard Business School. He is currently a resident scientist at Dimensional Holdings, Inc., where he developed the Target Retirement Solution. Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for his work on the value of derivatives. His research focuses on finance theory, including lifecycle and retirement finance, optimal portfolio selection, and the pricing of derivative securities.

Robert C. Merton is a Distinguished Professor of Finance at the MIT School of Management, specializing in Retirement Finance. His research focuses on the risk structure of interest rates, option pricing, and capital market equilibrium. Merton's work includes the development of the intertemporal capital asset pricing model and the theory of rational option pricing. He has also explored portfolio selection under uncertainty, market timing, and the efficient portfolio frontier. His contributions span continuous-time finance, financial innovation, and the analysis of financial systems. Merton's research has significantly influenced modern financial theory and practice.