Monte Carlo Methods and Models in Finance and Insurance

Download or Read online Monte Carlo Methods and Models in Finance and Insurance full in PDF, ePub and kindle. This book written by Ralf Korn and published by CRC Press which was released on 26 February 2010 with total pages 484. We cannot guarantee that Monte Carlo Methods and Models in Finance and Insurance book is available in the library, click Get Book button to download or read online books. Join over 650.000 happy Readers and READ as many books as you like.

Monte Carlo Methods and Models in Finance and Insurance
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Publisher : CRC Press
Release Date :
ISBN : 1420076191
Pages : 484 pages
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Download or Read Online Monte Carlo Methods and Models in Finance and Insurance in PDF, Epub and Kindle

Offering a unique balance between applications and calculations, Monte Carlo Methods and Models in Finance and Insurance incorporates the application background of finance and insurance with the theory and applications of Monte Carlo methods. It presents recent methods and algorithms, including the multilevel Monte Carlo method, the statistical Romberg method, and the Heath–Platen estimator, as well as recent financial and actuarial models, such as the Cheyette and dynamic mortality models. The authors separately discuss Monte Carlo techniques, stochastic process basics, and the theoretical background and intuition behind financial and actuarial mathematics, before bringing the topics together to apply the Monte Carlo methods to areas of finance and insurance. This allows for the easy identification of standard Monte Carlo tools and for a detailed focus on the main principles of financial and insurance mathematics. The book describes high-level Monte Carlo methods for standard simulation and the simulation of stochastic processes with continuous and discontinuous paths. It also covers a wide selection of popular models in finance and insurance, from Black–Scholes to stochastic volatility to interest rate to dynamic mortality. Through its many numerical and graphical illustrations and simple, insightful examples, this book provides a deep understanding of the scope of Monte Carlo methods and their use in various financial situations. The intuitive presentation encourages readers to implement and further develop the simulation methods.

Monte Carlo Methods and Models in Finance and Insurance

Offering a unique balance between applications and calculations, Monte Carlo Methods and Models in Finance and Insurance incorporates the application background of finance and insurance with the theory and applications of Monte Carlo methods. It presents recent methods and algorithms, including the multilevel Monte Carlo method, the statistical Romberg method,

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Applications of Monte Carlo Methods to Finance and Insurance

Download or read online Applications of Monte Carlo Methods to Finance and Insurance written by Thomas N. Herzog,Graham Lord, published by ACTEX Publications which was released on 2002-01-01. Get Applications of Monte Carlo Methods to Finance and Insurance Books now! Available in PDF, ePub and Kindle.

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Monte Carlo methods have been used for decades in physics, engineering, statistics, and other fields. Monte Carlo Simulation and Finance explains the nuts and bolts of this essential technique used to value derivatives and other securities. Author and educator Don McLeish examines this fundamental process, and discusses important issues, including

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High-Performance Computing (HPC) delivers higher computational performance to solve problems in science, engineering and finance. There are various HPC resources available for different needs, ranging from cloud computing– that can be used without much expertise and expense – to more tailored hardware, such as Field-Programmable Gate Arrays (FPGAs) or D-Wave’s

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