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Myron Scholes Named S. Donald Sussman Award Recipient by MIT Sloan School of Management

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Thursday, January 12, 2023
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CAMBRIDGE, Mass., Jan. 12, 2023 /PRNewswire/ -- The MIT Sloan School of Management recently announced that Myron Scholes, Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes/Merton option pricing model, was named the recipient of the S. Donald Sussman Award for the 2023–2024 academic year.The honor is awarded to individuals or groups who best exemplify S. Donald Sussman's career as a successful investor in quantitative investment strategies and models. Scholes was selected for his path breaking contributions to this field, as well as his research focused on understanding uncertainty and its effect on asset prices and the value of options.

Key Points: 
  • CAMBRIDGE, Mass., Jan. 12, 2023 /PRNewswire/ -- The MIT Sloan School of Management recently announced that Myron Scholes , Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business , Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes/Merton option pricing model, was named the recipient of the S. Donald Sussman Award for the 2023–2024 academic year.
  • "Myron Scholes captures the essence of the Sussman Award as a finance scholar of the highest caliber who has also taken theory into investment practice successfully on multiple occasions," said MIT Sloan professor Andrew Lo , director of MIT Sloan's Laboratory for Financial Engineering, and a member of the award committee.
  • "I am excited to return to MIT Sloan to receive the Sussman Award.
  • Scholes continued his academic career with faculty positions at the University of Chicago Booth School of Business and Stanford University.