Earning from Risks

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Science  09 Sep 2005:
Vol. 309, Issue 5741, pp. 1678-1679
DOI: 10.1126/science.1117936

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Fischer Black and the Revolutionary Idea of Finance. By Perry Mehrling. Wiley, Hoboken, NJ, 2005. 392 pp. $29.95, C$38.99, £19.99. ISBN 0-471-45732-9.

This biography weaves together an informative portrait of an eccentric theorist and his work on the pricing of risk that played a crucial role in the development of derivatives markets.