Bidspirit auction | Nobel Prize Robert Merton signed

Nobel Prize Robert Merton signed commemorative cover. Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1997. Robert Merton is known for his work on finance theory and risk management and especially for his contribution to assessing the value of stock options and other derivatives. Merton used his background in mathematics to generalize the Black-Scholes formula, created by Myron Scholes and Fischer Black. By altering the formula, Merton allowed it to apply to other financial matters, such as mortgages and student loans. Single Vendor collection. Good condition. We combine postage on multiple winning lots and can ship worldwide. UK postage from £5.99, EU from £7.99, Rest of World from £9.99.