Nova 1974 | TV Show Watchlist

Nova

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PBS's premier science-documentary series, which has won six Peabody Awards and more than 20 Emmys (four in 2002 alone) since its 1974 debut. `Nova' clearly, and often engagingly, `demystifies' a vast range of science, technology and history topics---past a (more…)

Premiered: March 3, 1974

Rating: None

User Rating:4.51 out of 5 (139 ratings)

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Season 27, Episode 13 Trillion Dollar Bet

First Aired: February 8, 2000

Chronicling the quest “to turn finance into a science”---and the 1998 Wall Street debacle that resulted from a formula (known as options pricing) that almost did it. The hour features interviews with Myron Scholes and Robert Merton, the economists who devised the forumula (and won a 1997 Nobel prize for it). They describe how they did it and why it finally failed them. Sums up narrator David Ogden Stiers: “It is a powerful technology for managing risk. But it is not a crystal ball.” Also interviewed: economists Paul Samuelson and Merton Miller.