Fischer Black and the Revolutionary Idea of Finance

By Perry Mehrling. 2005

129 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Is Economics Performative? Option Theory and the Construction of Derivatives Markets (2006, background): “Although there were significant differences among the trio in how they approached the problem (MacKenzie 2003, Mehrling 2005), their core argument can be expressed as follows.”
Betting Against Beta (2010, unknown): “…the security market line for U.S. stocks is too flat relative to the CAPM (Black, Jensen, and Scholes (1972)) and is better explained by the CAPM with restricted borrowing than the standard CAPM (Black (1972, 1993), Brennan (1971), see Mehrling (2005) for an excellent historical perspective).”
From performativity to political economy: index investing, ETFs and asset manager capitalism (2016, background): “There is no need here for a detailed recounting of the story of how Harry Markovitz, Jack Treynor and William Sharpe, among others, pioneered modern financial economics in the 1960s (Bernstein 2005, Mehrling 2005, MacKenzie 2006).”
The Age of the Applied Economist: The Transformation of Economics Since the 1970s (2016, unknown): “That was the case of the combination of experimental economics and mechanism design described in Kyu Sang Lee (2016) or Edward NikKhah (2008) or of nancial economics (see MacKenzie 2006 and Mehrling 2005).”