This article from IndexUniverse.com details just one of the ways Monte Carlo simulation can be tuned to the combined unfolding of time and risk. First, a little background. Since Harry Markowitz won the Nobel Prize in Economics in 1990, the Efficient Frontier has...
CEO Message by Randy Heffernan Many who have been exposed to Monte Carlo simulation learned about it in the context of financial modeling such as asset management, cash flow analysis, or actuarial study. And that’s with good reason: The applications of Monte Carlo...
