{"product_id":"monte-carlo-simulation-with-applications-hui-wang-9781439858240","title":"Monte Carlo Simulation with Applications to Finance","description":"\u003cp\u003eDeveloped from the author's course on Monte Carlo simulation at Brown University, \u003cstrong\u003eMonte Carlo Simulation with Applications to Finance\u003c\/strong\u003e provides a self-contained introduction to Monte Carlo methods in financial engineering. It is suitable for advanced undergraduate and graduate students taking a one-semester course or for practitioners in the financial industry.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe author first presents the necessary mathematical tools for simulation, arbitrary free option pricing, and the basic implementation of Monte Carlo schemes. He then describes variance reduction techniques, including control variates, stratification, conditioning, importance sampling, and cross-entropy. The text concludes with stochastic calculus and the simulation of diffusion processes. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eOnly requiring some familiarity with probability and statistics, the book keeps much of the mathematics at an informal level and avoids technical measure-theoretic jargon to provide a practical understanding of the basics. It includes a large number of examples as well as MATLAB(R) coding exercises that are designed in a progressive manner so that no prior experience with MATLAB is needed.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Hui Wang\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1439858241\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781439858240\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e CRC Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/30\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 292\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.30lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.69d","brand":"Hui Wang","offers":[{"title":"Hardcover","offer_id":48088275026175,"sku":"9781439858240","price":240.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_6271aef5-1ceb-4324-acfe-0dff6f613d46.jpg?v=1769104003","url":"https:\/\/www.whiterainbookhouse.com\/products\/monte-carlo-simulation-with-applications-hui-wang-9781439858240","provider":"WR Book House","version":"1.0","type":"link"}