Mark Scholes

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Mark Scholes
Personal information
Full nameMark Bradley Scholes
Born (1956-07-01) 1 July 1956 (age 66)
Melbourne, Victoria, Australia
BattingLeft-handed
BowlingRight-arm medium-fast
Domestic team information
YearsTeam


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The Black–Scholes or Black–Scholes–Merton model is a mathematical model for the dynamics of a financial market containing derivative investment instruments. From the parabolic partial differential equation in the model, known as the Black–Scholes equation, one can deduce the Black–Scholes formula, which gives a theoretical estimate of the price of European-style options and shows that the option has a unique price given the risk of the security and its expected return. The equation and model are named after economists Fischer Black and Myron Scholes; Robert C. Merton, who first wrote an academic paper on the subject, is sometimes also credited.

Myron Scholes Canadian-American financial economist

Myron Samuel Scholes is a Canadian-American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model. Scholes is currently the chairman of the Board of Economic Advisers of Stamos Capital Partners. Previously he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors and the Cutwater Advisory Board. He was a principal and limited partner at Long-Term Capital Management and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago.

The Black model is a variant of the Black–Scholes option pricing model. Its primary applications are for pricing options on future contracts, bond options, interest rate cap and floors, and swaptions. It was first presented in a paper written by Fischer Black in 1976.

In finance, the binomial options pricing model (BOPM) provides a generalizable numerical method for the valuation of options. Essentially, the model uses a "discrete-time" model of the varying price over time of the underlying financial instrument, addressing cases where the closed-form Black–Scholes formula is wanting.

Paul Scholes English footballer (born 1974)

Paul Scholes is an English football coach, pundit, former player, and co-owner of Salford City. He spent his entire professional playing career with Manchester United, for whom he scored over 150 goals in more than 700 appearances between 1993 and 2013. He is widely regarded as one of the best midfielders of his generation and one of the greatest Manchester United players of all time.

Percy Alfred Scholes was an English musician, journalist and prolific writer, whose best-known achievement was his compilation of the first edition of The Oxford Companion to Music. His 1948 biography The Great Dr Burney was awarded the James Tait Black Memorial Prize.

Scholes may refer to:

<i>The Oxford Companion to Music</i>

The Oxford Companion to Music is a music reference book in the series of Oxford Companions produced by the Oxford University Press. It was originally conceived and written by Percy Scholes and published in 1938. Since then, it has undergone two distinct rewritings: one by Denis Arnold, in 1983, and the latest edition by Alison Latham in 2002. It is "arguably the most successful book on music ever produced".

Dollar diplomacy of the United States, particularly during the presidency of William Howard Taft (1909–1913) was a form of American foreign policy to minimize the use or threat of military force and instead further its aims in Latin America and East Asia through the use of its economic power by guaranteeing loans made to foreign countries. In his message to Congress on 3 December 1912, Taft summarized the policy of Dollar diplomacy:

Option (finance) Right to buy or sell a certain thing at a later date at an agreed price

In finance, an option is a contract which conveys to its owner, the holder, the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price on or before a specified date, depending on the style of the option. Options are typically acquired by purchase, as a form of compensation, or as part of a complex financial transaction. Thus, they are also a form of asset and have a valuation that may depend on a complex relationship between underlying asset value, time until expiration, market volatility, and other factors. Options may be traded between private parties in over-the-counter (OTC) transactions, or they may be exchange-traded in live, orderly markets in the form of standardized contracts.

Gordon Scholes Australian politician

Gordon Glen Denton Scholes AO was an Australian politician. He was a member of the Australian Labor Party (ALP) and served in the House of Representatives from 1967 to 1993, representing the Division of Corio. He served terms as Speaker of the House of Representatives (1975–1976), Minister for Defence (1983–1984), and Minister for Territories (1984–1987).

The 2004–05 season was Manchester United's 13th season in the Premier League, and their 30th consecutive season in the top division of English football.

Clarke Scholes American swimmer

Clarke Currie Scholes was an American competition swimmer and Olympic champion.

2008 UEFA Super Cup Football match

The 2008 UEFA Super Cup was the 33rd UEFA Super Cup, a football match played between the winners of the previous season's UEFA Champions League and UEFA Cup competitions. The 2008 competition was contested by Manchester United of England, who won the 2007–08 UEFA Champions League, and Zenit Saint Petersburg of Russia, the winners of the 2007–08 UEFA Cup. The match was played on 29 August 2008 at the Stade Louis II in Monaco.

Fergies Fledglings Group of Manchester United players

Fergie's Fledglings were a group of football players recruited by Manchester United under the management of Sir Alex Ferguson and trained by assistant coaches Brian Kidd and Eric Harrison, before eventually progressing to the first team during the 1990s.

Gregory Manchess is an American illustrator from Kentucky. His illustrations have appeared in magazines, digital murals, illustrated movie posters, advertising campaigns and book covers including sixty covers for Louis L’Amour. His work has appeared on Major League Baseball World Series Programs, Time, Newsweek, The Atlantic Monthly, Playboy, The Smithsonian and National Geographic. His style includes broad brush strokes and excellent figure work.

The 2004 William Hill Greyhound Derby took place during May & June with the final being held on 5 June 2004 at Wimbledon Stadium. The winner Droopys Scholes received £100,000.

John Edgar Scholes was a sailor from New Zealand.

Melissa Scholes Young American writer (born 1975)

Melissa Scholes Young is an American writer.

The Bachelier model is a model of an asset price under brownian motion presented by Louis Bachelier on his PhD thesis The Theory of Speculation. It is also called "Normal Model" equivalently.