You are currently not signed in. Any products you have purchased will not be available until you Sign In.
For a personalized walk-through of IRMI Online, Request a Demo.

simulation risk modeling method (often called Monte Carlo method)

A risk modeling method that requires a large number of computer-generated "trials" to approximate an answer. These methods are relatively robust and flexible, can accommodate complex relationships (e.g., so-called path-dependent relationships commonly found in options pricing), and depend less on simplifying assumptions and standardized probability distributions. The principal advantage over analytic methods is the ability to model virtually any real-world situation to a desired degree of precision.

Navigation

Social Media

User ID: Subscriber Status:Free