Word: merton
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Harvard Business School professor and Nobel Laureate Robert C. Merton said that some risk is necessary to ensure that the University can make a large enough return on its investments to support its operating budget. He said that he had not previously heard Bacow’s comments but added that “the right strategy for the endowment of any institution cannot be found in the abstract...
This will be the twelfth consecutive year that Harvard has not been represented among the Economic Sciences category winners of the Nobel Prize since Professor Robert C. Merton won the prize...
...well as scattered actions by smaller groups on Sept. 25. Resistance has kept its numbers and the makeup of its alliance a secret; it has also kept mum about the specific actions that are planned for Friday's big protest. Unlike the 11 other organizations (led by the Thomas Merton Center?s Anti-War Committee, Three Rivers Climate Convergence and the local chapter of Codepink) hitting the streets, the Resistance Project has actively avoided applying for a city permit to protest and is likely to meet, in turn, resistance from law enforcement. (Read "Why Is the G-20 Being Held...
...Peace, which organized the rally, told TIME he is particularly troubled by the open-carry service because it gives the wrong impression of Louisville, which he believes is the "spiritual center of the United States" because of its mass of interfaith work, connection to the late monk Thomas Merton and the presence of the Southern Baptist and Presbyterian seminaries and the Presbyterian Church (U.S.A.)'s national headquarters. (See pictures of crime-fighting in middle America...
...world is complex, formulas are imperfect, and humans are fallible.THE GREAT UNKNOWNWhile debates continue to rage over the length, severity, or causes of the financial crisis, economists have agreed on one of its effects: a renewed caution about the predictive powers of mathematics.Harvard Business School professor Robert C. Merton says that finance, unlike other subfields of economics, had never claimed to forecast the exact movements of securities prices.Merton was a co-recipient of the Nobel prize in economics in 1997 for his work on the Black-Scholes model, ubiquitously used by traders to price options and determine expected volatility.But...