Term

Merton

Robert Merton, an American economist and Nobel Prize laureate who took part in Long-Term Capital Management.

Explained in

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street, William Poundstone
When Genius Failed: The Rise and Fall of Long-Term Capital Management, Roger Lowenstein
Robert Merton, an American economist and a partner in the fund. He won the 1997 Nobel Prize in economics for his work on valuing options.
Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, Annie Duke
Robert Merton, a twentieth-century American sociologist. He described the norms an honest scientific community lives by.