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    Fischer Sheffey Black

    American economist, one of the authors of the Black-Scholes formula
    Date of Birth: 11.01.1938
    Country: USA

    Content:
    1. Biography of Fischer Black
    2. Education and Early Career
    3. Academic and Professional Life
    4. The Black-Scholes Formula
    5. Legacy and Recognition

    Biography of Fischer Black

    Fischer Black was an American economist and one of the authors of the Black-Scholes formula.

    He conducted extensive research in monetary theory, various monetary policies, business cycles, inflation and hyperinflation phenomena, speculative pricing, and more.

    Education and Early Career

    In 1959, Black graduated from Harvard College, where he later defended his doctoral dissertation in applied mathematics titled "Deductive Question-Answer System." However, he had to simultaneously study at the Massachusetts Institute of Technology (MIT) under Professor Marvin Minsky before presenting his work at Harvard.

    Academic and Professional Life

    Black worked at the Univers