Myron Scholes predicts 'golden age' for quants

myron-scholes
Scholes: quants entering "golden age"

A top quantitative analyst and economics Nobel laureate says the coming years will be a "golden age" for financial modelling as it tackles problems highlighted by the global financial crisis – particularly relating to liquidity, intermediation and the role of the state.

Myron Scholes, emeritus professor of finance at Stanford University and co-creator of the Black-Scholes option pricing formula, says that because the fundamental assumptions of dominant pre-crisis theory have been challenged

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