Full E-book Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk
- 5 years ago
https://nanggorte.blogspot.com/?book=0470531118
An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economicsProviding 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 essentialsCarefully crafted examples in order to spot potential pitfalls and drawbacks of each approachAn accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methodsNumerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentationThe "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.
An accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economicsProviding 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 essentialsCarefully crafted examples in order to spot potential pitfalls and drawbacks of each approachAn accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methodsNumerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentationThe "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.