"If you ask what idea in the last 50 or 60 years coming from economic research has had the biggest impact on the world, this is it."
--Princeton University economics professor Avainash Dixit, yesterday, concerning Baker professor of Administration Robert C. Merton's and Stanford University economics professor Myron S. Scholes' work on pricing derivatives, for which they just received the Noble Prize.
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What I Saw at the Senior Bar