Stephen Ross, American economist, Died at 73

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Stephen Alan “Steve” Ross was born on February 3, 1944 and died on March 3, 2017.

He was the inaugural Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management.

Ross was known for initiating several important theories and models in financial economics.

Ross was also a well known published author in finance and economics, and is coauthor of one of the best-selling Corporate Finance texts.

Ross received his B.S. with honors from Caltech in 1965 where he majored in physics, and his Ph.D. in economics from Harvard in 1970, and has taught at the University of Pennsylvania, Yale School of Management, and MIT.

While he was at Yale, Ross was the Sterling Professor of Economics and Finance.

He was best known for the development of the arbitrage pricing theory (mid-1970s) as well as for his role in developing the binomial options pricing model (1979; also known as the Cox–Ross–Rubinstein model).

Stephen Ross passed away at 73 years old.