Editing Fischer Black (section)

==Background==

Fischer Sheffey Black was born on January 11, 1938. He graduated from [[Harvard College]] with a major in physics in 1959 and received a [[PhD]] in [[applied mathematics]] from [[Harvard University]] in 1964. He was initially expelled from the PhD program due to his inability to settle on a thesis topic, having switched from physics to mathematics, then to computers and [[artificial intelligence]]. Black joined the consultancy [[Bolt, Beranek and Newman]], working on a system for artificial intelligence. He spent a summer developing his ideas at the [[RAND corporation]]. He became a student of  MIT professor [[Marvin Minsky]],<ref>[http://web.media.mit.edu/~minsky/ Marvin Minsky's Home Page<!-- Bot generated title -->]</ref><ref name=":0">Perry Mehrling, "Fischer Black and the Revolutionary Idea of Finance", Wiley (2005), 400 pages, {{ISBN|978-0-471-45732-9}}</ref> and was later able to submit his research for completion of the Harvard PhD.

Black joined [[Arthur D. Little]], where he was first exposed to economic and financial consulting and where he met his future collaborator [[Jack Treynor]]. In 1971, he began to work at the University of Chicago. He later left the University of Chicago in 1975 to work at the [[MIT Sloan School of Management]]. In 1984, he joined Goldman Sachs where he worked until death.