Myron Scholes

Interview

Interview, August 2008

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 Nobelprize.org.

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).

To cite this section
MLA style: Myron S. Scholes – Interview. NobelPrize.org. Nobel Media AB 2018. Thu. 22 Nov 2018. <https://www.nobelprize.org/prizes/economic-sciences/1997/scholes/interview/>

Back to top Back To Top Takes users back to the top of the page

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.