Nobel laureate Robert C. Merton, the John and Natty McArthur University Professor, delivered the Nancy L. Schwartz Memorial Lecture at the Kellogg School of Management on April 5. His address was titled "How to Pursue Both Comparative Advantage and Efficient Diversification of Risk: An Application of Derivative Securities." The lecture series honors the late Professor Schwartz, the first woman on the Kellogg faculty to be named to an endowed chair.

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