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Monte Carlo & Black Scholes models
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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."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
Originally posted by scooterscot View PostKnowing when to use monte carlo is the secret.
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.
HTHComment
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Originally posted by AtW View PostIt's not actually you dullard.
Originally posted by AtW View PostIt's not actually you dullard.
Originally posted by AtW View PostYou need to use Monte Carlo when and only when you have more money than brains.Last edited by scooterscot; 5 August 2011, 21:56."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostIn 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.Comment
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Originally posted by AtW View Post"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostPeople who've more to loose than money.Comment
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Originally posted by AtW View PostDo you mean paper money here or proper stuff like bars of gold?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostNo I mean lives. Human life.
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.Comment
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Originally posted by AtW View PostDon't try to count cards there in Blackjack because it is illegal.Comment
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