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Interview with Myron S. Scholes (52 minutes)

Interview with Myron S. Scholes at the 3rd Meeting in Economic Sciences in Lindau, Germany, 22 August, 2008. The interviewer is Adam Smith, Editor-in-Chief of Myron Scholes discusses the concomitant benefits of having poor eyesight as a child, the importance of reading the classics (6:36), the view that led to his choice of PhD topics (8:22), the necessary cross-pollenization of theorists and empirical economists (13:16), and the option pricing model he helped devise while working as an assistant professor at MIT (16:39). He then explains how this model was accepted among practitioners before academics (27:15), why communication and perturbation are essential to scientific research (36:12), why he retired from teaching (43:29) and why "risk is fine" (50:01).
Credits: Ladda Productions AB (camera)

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The Prize in Economic Sciences 1997    

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