Season 27, Episode 6 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.

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  • Premiered: March 3, 1974
  • Rating: None
  • Premise: 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)

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