Fischer Black

Fischer Black
Born	Fischer Sheffey Black (1938-01-11)January 11, 1938 Washington, D.C., U.S.
Died	August 30, 1995(1995-08-30) (aged 57) New Canaan, Connecticut, U.S.
Alma mater	Harvard University (BA, PhD)
Known for	Black–Scholes equation Black-76 model Black–Derman–Toy model Black–Karasinski model Black–Litterman model Black's approximation Treynor–Black model
Awards	1994, IAFE Financial Engineer of the Year[1][2]
Scientific career
Fields	Economics Mathematical finance
Institutions	University of Chicago Booth School of Business MIT Sloan School of Management Goldman Sachs
Doctoral advisor	Patrick Carl Fischer

Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the authors of the Black–Scholes equation. Working variously at the University of Chicago, the Massachusetts Institute of Technology, and at Goldman Sachs, Black died two years before the Nobel Memorial Prize in Economic Sciences (which is not given posthumously) was awarded to his collaborator Myron Scholes and former colleague Robert C. Merton for the Black-Scholes model and Merton's application of the model to a continuous-time framework. Black also made significant contributions to the capital asset pricing model and the theory of accounting, as well as more controversial contributions in monetary economics and the theory of business cycles.