Myron S. Scholes (1941- )

Awarded the Prize “for a new method to determine the value of derivatives.”

American economist. Scholes was born on January 7, 1941 at Timmins, Ontario, Canada. He obtained his B.A. at Mc University in Ontario in 1961. Then from the University of Chicago he took his M.B.A. degree in 1964, his Ph.D. in 1969. He was assistant associated professor at M.I.T. from 1968 to 1973 became professor at the University of Chicago in 1973. Since 1983, he has been professor (emeritus since 1996) at Stanford.
Major Works:
The Economics of Hedging Spreading in Futures Markets (1981); Executive Compensation, Taxes, Incentives, Financial Economics: Essays in Honor of Paul Cootner (1981); Dividends Taxes (1978); Optimal Liquidation of Assets in the Presence of Personal Taxes: Implications for Asset Pricing (1980); The Effects of Dividend Yield Dividend Policy on Common Stock Prices R