Editing Robert C. Merton (section)

==Career==
In 1970 Merton joined the faculty of the [[MIT Sloan School of Management]], where he taught until 1988.<ref>{{cite web | author=Faculty research Department | title=Biography&nbsp;– Robert C. Merton | url=http://dor.hbs.edu/fi_redirect.jhtml?facInfo=bio&facEmId=rmerton&loc=extn | publisher=Harvard Business School | year=2008 | access-date=August 30, 2008 | url-status=live | archive-url=https://web.archive.org/web/20070608111620/http://dor.hbs.edu/fi_redirect.jhtml?facInfo=bio&facEmId=rmerton&loc=extn | archive-date=June 8, 2007 | df=mdy-all }}</ref> Subsequently, Merton moved to [[Harvard University]], where he was George Fisher Baker Professor of Business Administration from 1988 to 1998. He was the John and Natty McArthur University Professor from 1998 to 2010, becoming professor emeritus at Harvard University in 2010.<ref name="MIT"/><ref name="HBS">{{cite web |title=Robert C. Merton - Faculty & Research |url=https://www.hbs.edu/faculty/Pages/profile.aspx?facId=6511 |website=Harvard Business School |access-date=27 March 2023 |language=en}}</ref>

In 2010 Robert C. Merton rejoined the MIT Sloan School of Management<ref>{{cite news |title=Nobel laureate Robert C. Merton PhD '70 rejoins MIT Sloan faculty |url=https://news.mit.edu/2010/merton |access-date=27 March 2023 |work=MIT News {{!}} Massachusetts Institute of Technology |date=June 17, 2010 |language=en}}</ref> where he is the School of Management Distinguished Professor of Finance.<ref name="MIT"/> Since 2010,  he also has been a Resident Scientist at [[Dimensional Fund Advisors]], working on pension management.<ref name="Garcia-Feijóo">{{cite book |last1=Garcia-Feijóo |first1=Luis |last2=Siegel |first2=Laurence B. |last3=Kohn |first3=Timothy R. |title=Robert C. Merton and the Science of Finance: A Collection |date=2020 |publisher=CFA Institute Research Foundation |isbn=978-1-944960-07-0 |url=https://books.google.com/books?id=AY7zDwAAQBAJ&pg=PT6 |language=en}}</ref>

Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new methodology to value derivatives.<ref name="nobelprize.org"/> He is past President of the American Finance Association (1986),<ref name="AFA"/> a member of the National Academy of Sciences (1993)<ref name="NAS"/> and a fellow of the American Academy of Arts and Sciences.<ref name="Vane"/>

He remained on the faculty at MIT in 2021.<ref>{{Citation |last=Dizikes |first=Peter |date=May 12, 2021 |title=Robert C. Merton honored with MIT's Killian Award |publisher=MIT News|url=https://news.mit.edu/2021/robert-merton-killian-award-0512 |access-date=4 April 2024}}</ref>