Fischer Black
Co-author of the Black–Scholes model, CAPM contributor, and monetary theorist.
He died of cancer on August 30, 1995 in New York, USA.[1][2] Fischer Sheffey Black, Jr. entered the world on January 11, 1938, in Washington, D.C.'s Georgetown area.[3]
Quick Facts
- Born
- 11 January 1938
- Birth name
- Fischer Sheffey Black Jr.
- Birthplace
- Washington, D.C., U.S.
- Died
- 30 August 1995
- Place of death
- New Canaan, Connecticut, U.S.
- Field
- Economics; Mathematical finance
- Workplaces
- University of Chicago Booth School of Business
- Arthur D. Little
- MIT Sloan School of Management
- Goldman Sachs
- Education
- Harvard University (BA, PhD)
Facts from the source article.
Life and work
Black graduated from Harvard College with a major in physics in 1959.[3] He left in late 1965 to join the public accounting firm of Arthur D. Little.[3] In 1964, Harvard University received his research submission, which fulfilled the requirements for a doctorate in applied mathematics.[4] Following his time at Harvard, he became an employee of Bolt, Beranek and Newman, a consultancy, where his efforts focused on an artificial intelligence system.[3]
During the latter part of the 1960s, Black and Treynor began their collaboration on the Capital Asset Pricing Model.[3] Goldman Sachs hired him in 1984, and by 1986 he had achieved the status of partner.[5] Throat cancer was discovered in Black at the start of 1994.[6]
What the cited sources add
The Chicago Tribune obituary states that Black formed his own consulting firm in 1969.[7] The same obituary notes that Black worked with Myron Scholes and Robert Merton to develop the Black-Scholes pricing model for options.[7] The induction speech describes Derman as a colleague and co-author with Black of the Black-Derman-Toy option-valuation model.[2] The Chicago Tribune obituary lists Black's survivors as his wife Catherine, his parents, four daughters, a son, a stepdaughter, a stepson, a brother, and a sister.[7]
References
- Forfar, "Fischer Sheffey Black - Biography", Maths History, April 2007. facts only, no text reused. mathshistory.st-andrews.ac.uk
- "1996 Hall of Fame", fiasi.org, December 1996. facts only, no text reused. fiasi.org
- Wikipedia, "Fischer Black" (CC BY-SA 4.0), which cites: Forfar, "Fischer Sheffey Black - Biography", Maths History, April 2007 (we also read that source) en.wikipedia.org
- Wikipedia, "Fischer Black" (CC BY-SA 4.0), which cites: Perry Mehrling, "Fischer Black and the Revolutionary Idea of Finance", Wiley (2005); Forfar, "Fischer Sheffey Black - Biography", Maths History, April 2007 (we also read that source) en.wikipedia.org
- Wikipedia, "Fischer Black" (CC BY-SA 4.0), which cites: August, "Biographical Note: Fischer Black Papers, MC-0505", archivesspace.mit.edu, 1 June 2020 (original not read by us) en.wikipedia.org
- Wikipedia, "Fischer Black" (CC BY-SA 4.0), which cites: Henriques, "Fischer Black, 57, Wall Street Theorist, Dies", The New York Times, 31 August 1995; "Fischer Black (obituary)", Chicago Tribune, 1 September 1995; Henriques, "Fischer Black, 57, Wall Street Theorist, Dies", The New York Times, 31 August 1995 (we also read that source) en.wikipedia.org
- "Fischer Black (obituary)", Chicago Tribune, 1 September 1995. facts only, no text reused. chicagotribune.com
Each numbered sentence above was checked against the source it cites before publication. Sentences citing Wikipedia adapt text from the English Wikipedia article Fischer Black (contributors), used under CC BY-SA 4.0; this entry is available under the same licence. Other sources were used for facts only; no text or images are copied from them.
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