Remove Black-Scholes Remove Influence Remove Marketing Remove Positioning
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The Comparing Trap

Harvard Business Review

He and two other economists created the trading process called Black-Scholes that impacted the ways financial markets were informed and influenced. Two years earlier, in the mid-nineties, an MIT professor had joined the Harvard Business School faculty and one year later won the Nobel Prize in economics.

Merton 13
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What an Economist Brings to a Business Strategy

Harvard Business Review

They might be surprised at how certain economic notions have been directly applied in business, with largely positive results. Economists and market design. Most markets “clear” by having prices signal producers to make just enough that purchasers are willing to purchase. Here a few notable examples. But that would be a mistake.