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==Early life and education== Merton was born in [[New York City]] to sociologist [[Robert K. Merton]] and Suzanne Carhart, who was from a "multigenerational southern New Jersey Methodist/Quaker family."<ref name="nobelprize.org">{{Nobelprize|accessdate=2020-10-11 |name=Robert C. Merton}}</ref> He grew up in [[Hastings-on-Hudson, New York]].<ref name="nobelprize.org"/> Merton earned a Bachelor of Science in Engineering Mathematics from the [[Columbia School of Engineering and Applied Science|School of Engineering and Applied Science]] of [[Columbia University]], a Masters of Science from the [[California Institute of Technology]], and his doctorate in economics from the [[Massachusetts Institute of Technology]] in 1970 under the guidance of [[Paul Samuelson]].<ref name="Bodie">{{cite journal |last1=Bodie |first1=Zvi |title=Robert C. Merton and the Science of Finance |journal=Annual Review of Financial Economics |date=1 November 2020 |volume=12 |issue=1 |pages=19β38 |doi=10.1146/annurev-financial-100520-074656 |url=https://doi.org/10.1146/annurev-financial-100520-074656 |access-date=25 March 2023 |language=en |issn=1941-1367}}</ref>
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