{"product_id":"handbook-in-monte-carlo-simulation-applications-in-financial-engineering-risk-management-and-economics-9780470531112","title":"Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics","description":"\u003cp\u003e • Author(s): Paolo Brandimarte\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Econometrics\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAn accessible treatment of Monte Carlo methods, techniques, and applications in the field of finance and economics\u003c\/p\u003e \u003cp\u003eProviding readers with an in-depth and comprehensive guide, the \u003ci\u003eHandbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics \u003c\/i\u003epresents 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.\u003c\/p\u003e \u003cp\u003eThe \u003ci\u003eHandbook in Monte Carlo Simulation \u003c\/i\u003efeatures:\u003c\/p\u003e  *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  \u003cp\u003eThe \u003ci\u003eHandbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics \u003c\/i\u003eis 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Hardcover","offer_id":45201330798743,"sku":"9780470531112","price":10641.0,"currency_code":"INR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780470531112.webp?v=1769207731","url":"https:\/\/atlanticbooks.com\/products\/handbook-in-monte-carlo-simulation-applications-in-financial-engineering-risk-management-and-economics-9780470531112","provider":"Atlantic Books","version":"1.0","type":"link"}