{"product_id":"handbook-in-monte-carlo-simulation-paolo-brandimarte-9780470531112","title":"Handbook in Monte Carlo Simulation: Applications in Financial Engineering, Risk Management, and Economics","description":"\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 \u003cul\u003e \u003cli\u003eAn introductory section for basic material on stochastic modeling and estimation aimed at readers who may need a summary or review of the essentials\u003c\/li\u003e \u003cli\u003eCarefully crafted examples in order to spot potential pitfalls and drawbacks of each approach\u003c\/li\u003e \u003cli\u003eAn accessible treatment of advanced topics such as low-discrepancy sequences, stochastic optimization, dynamic programming, risk measures, and Markov chain Monte Carlo methods\u003c\/li\u003e \u003cli\u003eNumerous pieces of R code used to illustrate fundamental ideas in concrete terms and encourage experimentation\u003c\/li\u003e \u003c\/ul\u003e \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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Paolo Brandimarte\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0470531118\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780470531112\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Wiley\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/05\/2014\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 688\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.95lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 10.10h x 7.10w x 1.50d","brand":"Paolo Brandimarte","offers":[{"title":"Hardcover","offer_id":48013744111871,"sku":"9780470531112","price":166.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_69f8ae5c-11f1-4a1d-9992-fb5120494b29.jpg?v=1767744495","url":"https:\/\/www.whiterainbookhouse.com\/products\/handbook-in-monte-carlo-simulation-paolo-brandimarte-9780470531112","provider":"WR Book House","version":"1.0","type":"link"}