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Myron Scholes

Myron Scholes, Nobel Laureate

Myron Scholes is widely known for his decisive work in options pricing, capital markets and tax. He is the co-originator of the Black-Scholes options pricing model, which earned him the Alfred Nobel Memorial Prize in Economic Sciences in 1997. In addition to several mutual fund boards, Scholes has served on the board of directors of the Chicago Mercantile Exchange since 2000.

Implementation and management of a high-performance risk environment

By Myron Scholes, Nobel Laureate | Published: October 10, 2010
Myron Scholes, Nobel Laureate

Myron Scholes and Tom Kimner discuss evolving the analytical process: Today’s advances in computing allow firms to construct highly adaptive models. Read about advances in high-performance analytics that allow risk decisions in near-real time.

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Capital – Diversification or optimization?

By Myron Scholes, Nobel Laureate | Published: September 28, 2010
Myron Scholes, Nobel Laureate

Should your firm rely on capital diversity or capital optimization to protect against catastrophic losses during shock? Myron Scholes and Tom Kimner consider each strategy to help you determine the best option.

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Risk management is capital optimization

By Myron Scholes, Nobel Laureate | Published: September 12, 2010
Myron Scholes, Nobel Laureate

In the fifth installment of our seven-part series, Myron Scholes and Tom Kimner propose a broader view of risk including optimization of return, management of capital and impact on market price of liquidity. Take a look at their robust plan that capitalizes on high-performance computing technology and predictive analytics.

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Risk management: Shifting from a portfolio-theory view to an optimization view

By Myron Scholes, Nobel Laureate | Published: September 3, 2010
Myron Scholes, Nobel Laureate

In the fourth installment of our seven-part series, Myron Scholes and Tom Kimner explain what a risk management framework should include to meet today’s data needs – in near real time.

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Rethinking risk management

By Myron Scholes, Nobel Laureate | Published: August 30, 2010
Myron Scholes, Nobel Laureate

Learn about a risk management framework where capital is optimized across various business units and the impact of risk decisions, and how shocks that might compound losses are more clearly visualized and understood.

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Quantitative math or management analytics?

By Myron Scholes, Nobel Laureate | Published: August 14, 2010
Myron Scholes, Nobel Laureate

In the third installment of our seven-part series, we ask, “why did it appear that firms took a narrow view of their risk and return tradeoffs?” Myron Scholes and Tom Kimner tell the three top issues leading to their fall and explain their reasoning.

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Moving toward optimization

By Myron Scholes, Nobel Laureate | Published: August 3, 2010
Myron Scholes, Nobel Laureate

Many risk experts have sorted through the recent turmoil to find what’s wrong. In this seven-part series, Myron Scholes and Tom Kimner are not only sifting the pains, they are pointing the way to a sounder future for risk teams.

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The evolution to high-performance risk management

By Myron Scholes, Nobel Laureate | Published: July 20, 2010
Myron Scholes, Nobel Laureate

Many risk experts have sorted through the recent turmoil to find the wrongs. In this seven-part series, Myron Scholes and Tom Kimner are not only sifting the pain, they are pointing the way to a sounder future for risk teams.

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