Honours and Awards
- In 1993, Merton became a member of the U.S. United States National Academy of Sciences.
- In 1997, Merton was awarded the Nobel Memorial Prize in Economic Sciences with Myron Scholes for their work on stock options.
- In 1999, Merton was awarded a lifetime achievement award in mathematical finance.
- In 2005 the Baker Library at Harvard University opened The Merton Exhibit in his honor.
- In 2010, Merton received the Kolmogorov medal.
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