{"id":1801,"date":"2009-05-21T22:07:00","date_gmt":"2009-05-22T02:07:00","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=1801"},"modified":"2009-05-21T22:07:00","modified_gmt":"2009-05-22T02:07:00","slug":"humor-myron-scholes-on-the-best-way-to-reduce-risk","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2009\/05\/21\/humor-myron-scholes-on-the-best-way-to-reduce-risk\/","title":{"rendered":"Humor&#8211;Myron Scholes on the best way to reduce risk"},"content":{"rendered":"<p><a href=\"http:\/\/mahalanobis.twoday.net\/stories\/5701786\/\">Manalanobis<\/a> translates a segment of a Myron Scholes interview with an Austrian newspaper in which Scholes comments on &#8216;the best way to reduce risk.&#8217;<\/p>\n<p>Scholes is a co-developer of the Black-Scholes-Merton option pricing formula. Scholes and Merton won a Nobel in part for their work on options; Black had died before the Nobel was awarded. Scholes was part of Meriwether&#8217;s arbitrage group at Salomon Brothers, and later a partner of Long Term Capital Management.<\/p>\n<p>I apologize in advance for subjecting you to this bit of humor.<\/p>\n<p>Do you want a little more Scholes? <a href=\"http:\/\/www.nytimes.com\/2009\/05\/17\/magazine\/17wwln-q4-t.html\">Deborah Solomon<\/a> interviewed him in the 17 May 2009 issue of the New York Times Magazine.<\/p>\n<p><em>Nota bene<\/em>: You will NOT learn anything about option pricing from either of the above links.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manalanobis translates a segment of a Myron Scholes interview with an Austrian newspaper in which Scholes comments on &#8216;the best way to reduce risk.&#8217; Scholes is a co-developer of the Black-Scholes-Merton option pricing formula. Scholes and Merton won a Nobel in part for their work on options; Black had died before the Nobel was awarded. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[167],"tags":[],"class_list":{"0":"post-1801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-richardhsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=1801"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1801\/revisions"}],"predecessor-version":[{"id":1803,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/1801\/revisions\/1803"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=1801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=1801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=1801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}