Fischer Sheffey Black, Jr.

Fischer Shelley Black made significant contributions to finance. In particular, he was a co-author with Myron Scholes in formulating the Black-Scholes model for pricing a financial option. This was published in Spring 1973, after a long interval, almost simultaneously with the justification and generalization of the model in a Spring 1973 paper in another journal by Robert C. Merton, expediting the publication of the Black-Scholes model, so often the model is called the Black-Scholes-Merton model. The model has seen powerful use in finance and related areas since then. Scholes and Merton were awarded the Nobel Prize in Economics, which Black would have shared if he had not previously died and the Nobel Prize is not given posthumously.

Fisher Black made many other contributions to finance and his use of intuition held many modelers in awe.

For more information, see <http://en.wikipedia.org/wiki/Fischer_Black>.

The contributor of this profile, which is a duplicate to the private profile, felt that the private profile was defective in that if gave a FALSE message to this 15th cousin of Fischer Black that there was NO PATH; i.e. a lie. It is one thing to keep a private profile, but to give a false message to someone searching for possible connection.

In addition, to being a 15th cousin, which I confirmed with Ancestry.com data to supplement defective Geni.com data, I have done research on generalizing the Black-Scholes-Merton model, have worked at several of the places that Fischer Black work, namely the Arthur D. Little Company in Cambridge, MA and the University of Chicago, while also having research connection to Bolt, Baranek and Newman. We were also of the same prewar generation and had similar educational background.

Here is my summary of my Fischer Sheffey Black Jr. and Floyd Bliss Hanson Connection:

Fischer Sheffey Black Jr. (1938 1995):

Mathematical and Financial Economist, Co-developer of the Black-Scholes Equation for Option Pricing with Myron Scholes, while complete mathematical justification came from Robert Cox Merton in 1973.

Fisher Sheffey Black, Jr. and Floyd Bliss Hanson are 15th Cousins.

Minimal Common Great Grandparents of Floyd B. Hanson and Fischer Black, Jr. are Richard de Townley and Lady Isabel Sherburne (de Towneley) (Fischer Black, Jr.’s 14th great grandparents and Floyd Bliss Hanson's 14th great grandfparents), as well as parents of siblings Richard de Townley and Grace (De Townley) Nowell.

Note this is the same Minimal Common Great Grandparents I, and he must have, with President George Washington.

Sincerely, Floyd Bliss Hanson Professor Emeritus of Mathematics at U. of Illinois at Chicago Past Visiting Professor in Financial Mathematics at University of Chicago.