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Digital Fortunes

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For their pioneering work in the valuation of stock options, Robert Merton and Myron Scholes were awarded the Nobel Prize for Economics in 1997. The two laureates were also partners in a hedge fund which invested in stock options. It was a huge fund that had to be saved from bankruptcy in 1998 after the Russian financial crisis. Scholes went on to set up another hedge fund. This too went bankrupt in 2008. What is true for these Nobel laureates is true for most of us–the so-called pulse of the market is indecipherable. In a world transformed by digital technologies, the landscape of business and economy is subject to dramatic shifts. The disruption will only accelerate with the growth of AI, 5G technology, internet of things and much else.

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    Product Details

    • Dimensions
      25.4 x 20.3 x 4.7 cm
    • Weight
      0.45 g
    • ISBN
      9789354354045
    • Language
      English

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