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1997 Nobel Laureate Robert C. Merton Speaks at SEM

2012-09-26
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In addition to his position at MIT, Professor Merton is Professor Emeritus at Harvard University and Resident Scientist and Member of the Investment Policy Committee at Dimensional Fund Advisors. At Dimensional Fund Advisors, he is developing a next-generation, integrated pension-management solution system that addresses the deficiencies associated with traditional defined-benefit and defined-contribution plans. Professor Merton’s research focuses on finance theory, including life-cycle finance; optimal inter-temporal portfolio selection; capital asset pricing; pricing of options; risky corporate debt; loan guarantees; and other complex derivative securities. He also has written about the operation and regulation of financial institutions.