Monte Carlo & Black Scholes models

[Bwana]

<deleted>

[scooterscot]

Yes.
No.

I use monte carlo simulation when working with my risk assessments. Knowing when to use monte carlo is the secret. Typically your going to prepare a model in excel where you have a large population exposed to random event/s. The objective is often to understand when and where an event shall occur, 10,000 iterations is safe enough to produce decent results.

[AtW]

Knowing when to use monte carlo is the secret.

It's not actually you dullard.

You need to use Monte Carlo when and only when you have more money than brains.

Don't try to count cards there in Blackjack because it is illegal.

HTH

[scooterscot]

It's not actually you dullard.

Whatever. I've sat alongside so many a math graduate applying techniques when they were not needed. Turns out experience pays more than qualification when understanding why one method should be chosen over another.

It's not actually you dullard.

Did DP not tell you already, don't judge or thee shall be judged.

You need to use Monte Carlo when and only when you have more money than brains.

In my industry. real engineering, such models are used to generate statistics that help the decision make well make decisions. I'm gainfully employed providing such services.

[AtW]

In my industry. real engineering, such models are used to generate statistics that help the decision make well make decisions. I'm gainfully employed providing such services.

[scooterscot]

If it were generally known for what reason I'd use such models for you'd... never mind. Ask yourself who pays more that the city for such services? People who've more to loose than money.

[AtW]

People who've more to loose than money.

Do you mean paper money here or proper stuff like bars of gold?

[scooterscot]

Do you mean paper money here or proper stuff like bars of gold?

No I mean lives. Human life.

[AtW]

No I mean lives. Human life.

You ain't saving them whilst you post tulip on this forum.

Given how much you gloat about big euros you make, I'd say it seems to me that money is far more important to you than lives.

Regardless of that you are, in my view, completely out of your depth when making comments on any matters other than how much you earn in Europe and how great Apple toys are.

[centurian]

Don't try to count cards there in Blackjack because it is illegal.

I don't think it's specifically illegal anywhere - the various laws generally state that you are not allowed to cheat - and there is a different interpretation as to whether card counting is cheating - or just playing the game very well.