Nobel laureate to give public lecture on financial innovation

Wed, 02/06/2013

Contact

Austin Falley
School of Business
785-864-3852

LAWRENCE — Nobel laureate and financial economist Robert Merton will present "A Next-Generation Solution for Funding Retirement: A Case Study in Design and Implementation of Financial Innovation" at 1 p.m. Feb. 15 at the Dole Institute of Politics.

Merton received the Nobel Prize in Economics in 1997 for his work on the Black-Scholes-Merton model for pricing options. This model remains one of the best ways to determine the value of derivative securities, and it is considered one of the most important concepts in modern financial theory.

During his visit, Merton will meet with university officials, School of Business finance faculty, students and advisory board members. His presentation will include comments by KU alumnus David Booth.

Merton has held academic appointments at Harvard Business School and Massachusetts Institute of Technology, where he currently teaches finance at the Sloan School of Management.

Merton has received numerous honorary degrees for his academic work, including honors from the University of Chicago and Harvard University. He holds a bachelor’s degree in engineering mathematics from Columbia University, master’s degree in applied mathematics from California Institute of Technology and a doctorate in economics from Massachusetts Institute of Technology.

He is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences.

Merton’s lecture is part of the Bold Aspirations Visitor and Lecture Series, which highlights eminent visitors and KU scholars related to the four strategic initiative themes in KU’s strategic plan, Bold Aspirations. Merton’s lecture is most closely related to the strategic theme “Harnessing information, multiplying knowledge.” Past lecturers include KU alumnus Sir Robert Worcester and Eula Bliss, author of KU’s first Common Book.

“Robert C. Merton is among the world’s most important and influential financial economists,” said Jeffrey Vitter, KU provost and executive vice chancellor. “We are delighted that he’ll be visiting KU, and we look forward to learning from him.”

The lecture is free and open to the public, but space is limited.

Merton’s autobiography and curriculum vitae are available online. The lecture will be live-streamed by KUJH-TV and available to view on the School of Business website. Media are invited to attend.



April showers bring…snow? Chris Bernosky, freshman in the University of Kansas School of Engineering, was studying in the sixth floor lobby of Oliver when he saw this storm coming in over campus. “I thought it was cool how the sun is still visible even though the dark clouds are rolling in.” Rain or shine, how will you #exploreKU this spring?

The Big Event at KU 2014 The 2014 Big Event connected the KU campus with the Lawrence community by recruiting 3,000 student, faculty, and staff volunteers to work at 300 local job sites during one day of service.  Registration for volunteers and job requests for residents will be available in fall 2014 for the 2015 Big Event. Check for updates at http://thebigeventku.com .


One of 34 U.S. public institutions in the prestigious Association of American Universities
26 prestigious Rhodes Scholars — more than all other Kansas colleges combined
Nearly $290 million in financial aid annually
1 of 9 public universities with outstanding study abroad programs.
—U.S. News & World Report
46 nationally ranked graduate programs.
—U.S. News & World Report
Top 50 nationwide for size of library collection.
—ALA
$275 million in externally funded research expenditures
23rd nationwide for service to veterans —"Best for Vets," Military Times