Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics
4.5/5
()
Currently unavailable
Currently unavailable
About this ebook
An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics
Providing readers with an in-depth and comprehensive guide, the Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics presents a timely account of the applicationsof Monte Carlo methods in financial engineering and economics. Written by an international leading expert in thefield, the handbook illustrates the challenges confronting present-day financial practitioners and provides various applicationsof Monte Carlo techniques to answer these issues. The book is organized into five parts: introduction andmotivation; input analysis, modeling, and estimation; random variate and sample path generation; output analysisand variance reduction; and applications ranging from option pricing and risk management to optimization.
The Handbook in Monte Carlo Simulation features:
- An introductory section for basic material on stochastic modeling and estimation aimed at readers who may need a summary or review of the essentials
- Carefully crafted examples in order to spot potential pitfalls and drawbacks of each approach
- An accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methods
- Numerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentation
The Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics is a complete reference for practitioners in the fields of finance, business, applied statistics, econometrics, and engineering, as well as a supplement for MBA and graduate-level courses on Monte Carlo methods and simulation.
Read more from Paolo Brandimarte
Quantitative Methods: An Introduction for Business Management Rating: 5 out of 5 stars5/5An Introduction to Financial Markets: A Quantitative Approach Rating: 0 out of 5 stars0 ratings
Related to Handbook in Monte Carlo Simulation
Titles in the series (11)
Handbook of Volatility Models and Their Applications Rating: 5 out of 5 stars5/5Handbook of Market Risk Rating: 4 out of 5 stars4/5Handbook of Modeling High-Frequency Data in Finance Rating: 0 out of 5 stars0 ratingsHandbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics Rating: 5 out of 5 stars5/5Fundamental Aspects of Operational Risk and Insurance Analytics: A Handbook of Operational Risk Rating: 4 out of 5 stars4/5Advances in Heavy Tailed Risk Modeling: A Handbook of Operational Risk Rating: 4 out of 5 stars4/5Handbook of Fixed-Income Securities Rating: 4 out of 5 stars4/5Handbook of High-Frequency Trading and Modeling in Finance Rating: 0 out of 5 stars0 ratingsExtreme Events in Finance: A Handbook of Extreme Value Theory and its Applications Rating: 0 out of 5 stars0 ratings
Related ebooks
Advanced Derivatives Pricing and Risk Management: Theory, Tools, and Hands-On Programming Applications Rating: 0 out of 5 stars0 ratingsNumerical Issues in Statistical Computing for the Social Scientist Rating: 3 out of 5 stars3/5Stochastic Claims Reserving Methods in Insurance Rating: 3 out of 5 stars3/5Digital Signal Processing: Applications to Communications and Algebraic Coding Theories Rating: 0 out of 5 stars0 ratingsNonlinear Microwave Circuit Design Rating: 0 out of 5 stars0 ratingsRegression Models for Time Series Analysis Rating: 2 out of 5 stars2/5Essentials of Scientific Computing: Numerical Methods for Science and Engineering Rating: 0 out of 5 stars0 ratingsFinancial Derivatives in Theory and Practice Rating: 4 out of 5 stars4/5Extreme Value Theory in Engineering Rating: 0 out of 5 stars0 ratingsIntroduction to Applied Statistical Signal Analysis: Guide to Biomedical and Electrical Engineering Applications Rating: 0 out of 5 stars0 ratingsNumerical Methods in Finance: A MATLAB-Based Introduction Rating: 0 out of 5 stars0 ratingsAn Introduction to Time Series Analysis and Forecasting: With Applications of SAS® and SPSS® Rating: 5 out of 5 stars5/5Principles of Modern Digital Design Rating: 0 out of 5 stars0 ratingsAnalyzing Environmental Data Rating: 0 out of 5 stars0 ratingsFundamentals of Matrix Computations Rating: 0 out of 5 stars0 ratingsComputational Finance Using C and C#: Derivatives and Valuation Rating: 0 out of 5 stars0 ratingsStatistical Methods for Social Scientists Rating: 0 out of 5 stars0 ratingsOptimal State Estimation: Kalman, H Infinity, and Nonlinear Approaches Rating: 0 out of 5 stars0 ratingsOptimization Methods for Logical Inference Rating: 0 out of 5 stars0 ratingsThe Spectral Analysis of Time Series Rating: 0 out of 5 stars0 ratingsLinear Factor Models in Finance Rating: 4 out of 5 stars4/5Calculus Using Mathematica Rating: 0 out of 5 stars0 ratingsSimulation: A Modeler's Approach Rating: 0 out of 5 stars0 ratingsThe Spectral Analysis of Time Series: Probability and Mathematical Statistics, Vol. 22 Rating: 0 out of 5 stars0 ratingsMeasuring Market Risk Rating: 0 out of 5 stars0 ratingsGenerative Modeling for Computer Graphics and Cad: Symbolic Shape Design Using Interval Analysis Rating: 0 out of 5 stars0 ratingsThe Mathematics of Derivatives: Tools for Designing Numerical Algorithms Rating: 3 out of 5 stars3/5Extensions of Linear-Quadratic Control, Optimization and Matrix Theory Rating: 0 out of 5 stars0 ratingsData Analysis for Scientists and Engineers Rating: 0 out of 5 stars0 ratingsExotic Option Pricing and Advanced Lévy Models Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
The 7 Habits of Highly Effective People: 15th Anniversary Infographics Edition Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5The Richest Man in Babylon Rating: 4 out of 5 stars4/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Strategy Skills: Techniques to Sharpen the Mind of the Strategist Rating: 4 out of 5 stars4/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5The Great Awakening: Defeating the Globalists and Launching the Next Great Renaissance Rating: 4 out of 5 stars4/5Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Good to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5All Your Worth: The Ultimate Lifetime Money Plan Rating: 5 out of 5 stars5/5The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Rating: 4 out of 5 stars4/5The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make Rating: 0 out of 5 stars0 ratingsAlchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life Rating: 4 out of 5 stars4/5ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years Rating: 5 out of 5 stars5/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5
Reviews for Handbook in Monte Carlo Simulation
1 rating0 reviews