A Timmins, Ontario native won the Nobel prize for economics for his ground-breaking work on stock options. Myron Scholes, who teaches at Stanford University in California, shared the prize with Harvard University professor Robert Merton. Scholes said the results of his work could be used by many people.

Date: 1997-10-10
Placeline: PEBBLE BEACH, California.
Source: The Canadian Press
Length: 8 seconds

Transcript Prediction: << I just think it's giving people a lot more opportunities to invest in the march of different ways and with different products >>

Earbank_1997-10-10_Nobel-Economics_3305