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Fischer Black

Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the co-authors of the Black–Scholes option pricing model. He held academic positions at the University of Chicago and the Massachusetts Institute of Technology, and later worked at Goldman Sachs.

Black died in 1995, two years before the Nobel Memorial Prize in Economic Sciences was awarded to his collaborator Myron Scholes and colleague Robert C. Merton for the development of the Black–Scholes model and its extension to a continuous-time framework. Because the prize is not awarded posthumously, Black was ineligible for the award.

In addition to his work on option pricing, Black made influential contributions to the development of the capital asset pricing model (CAPM). He also proposed more controversial ideas in monetary economics and in theories of the business cycle. Provided by Wikipedia