Harvard Business Review

JUNE 9, 2011

Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. Bob Merton was as gracious and supportive as the colleague I mentioned earlier. When only external factors become our metrics for success, we are setting ourselves up for misery. You see the problem. DeLong is the Philip J.

Merton 15

Merton Black-Scholes Welch Organizational Behavior 15

Harvard Business Review

JANUARY 27, 2014

Well-run organizations will deal with high-variance projects by relying on process metrics and by judging you on diversified outcomes. Sociologist Robert Merton first recognized this phenomenon in academic success and dubbed it “ the Matthew Effect ,” quoting a Bible passage in which the rich get richer and the poor get poorer.

Career 8

Career Planning Kahneman Uncertainty 8

Harvard Business Review

DECEMBER 22, 2016

In the case of stock options, the EFV formula is typically a Black-Scholes-Merton option-pricing model that, rooted in the “efficient markets hypothesis,” assumes that changes in a company’s stock-price exhibit a log-normal distribution and thus predicts that most stock-price changes will be very small.

CEO 8

CEO Black-Scholes Price Merton 8