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The Legacy of Fischer Black

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 |  2004-12-16 |  2004-12-16 | File type: PDF

||12 of 12 people found the following review helpful.| Not Black's own work, but a treasure nonetheless|By Craig W. French|This book is an elucidation of the applied science of financial economics, as told through a dozen chapters contributed by many of the preeminent researchers in the field. While none of the material draws directly from Fischer Black's own work, the spirit of the research is what drove Lehmann to select these

Fischer Black was a remarkable social scientist, one whose contributions range from the lofty perch of highbrow theory to the trenches of practical application. The papers represented in this work span the same range, the contributions of a remarkable array of financial economists who embody in different ways Fischer's ideal of insight from economic theory that both guides and is rooted in the kind of detailed observation of relevant aspects of actual financial markets. ...

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