Review Monte Carlo Methods in Financial Engineering: 53 (Stochastic Modelling and Applied

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Popular Monte Carlo Methods in Financial Engineering: 53 (Stochastic Modelling and Applied Probability)
Monte Carlo simulation is an important tool in the pricing of derivative securities and in risk management. This book develops the use of Monte Carlo methods in finance. It uses simulation as a vehicle for presenting models and ideas from financial engineering. It addresses estimating price sensitivities and valuing American options.

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