Harvard Business Review

JUNE 9, 2011

Robert Merton was 46 when he won the award. He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. Merton had the office on the other side of my office. Bob Merton was as gracious and supportive as the colleague I mentioned earlier.

Merton 14

Merton Black-Scholes Welch Organizational Behavior 14

Harvard Business Review

MARCH 10, 2014

We know that a well-informed decision is one that sees reality for what it is. Quality aside, we know that those with a reputation for past success tend to get disproportionate credit for future wins – the “ Matthew effect ” described by the sociologist Robert K. The lesson for leadership is clear.

Merton 8

Merton Taylorism Taylor Bond 8

Harvard Business Review

SEPTEMBER 29, 2014

Google generates most of its revenue through an auction-based system of selling ads that was developed by two engineers but validated by its chief economist, Hal Varian, a former consultant to the company who was also the first Dean of the School of Information Sciences at the University of California at Berkeley.

Strategy 12

Strategy Black-Scholes Airlines Price 12

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Guidelines 15

Harvard Business Review

NOVEMBER 29, 2010

In slightly more formal terms, I'd suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie's six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15

Banking Crisis Merton Decentralization 15