Fischer Black

Fischer Sheffey Black, Jr. 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, later working at Goldman Sachs. In addition to his work on option pricing, Black made important contributions to the development of the capital asset pricing model (CAPM). He also proposed ideas in monetary economics and in theories of the business cycle.