For what they hate in people who think differently is not so much of the different opinions which they profess, as the presumption of wanting to form their own judgment; a presumption of which they themselves are never guilty, as they are very well aware. In short, there are very few who can think, but every man wants to have an opinion.                               

Schopenhauer

Robert Merton at MIT

Robert Merton Defends Derivatives at MIT


Observations on the Science of Finance and the Practice of Finance