ABSTRACT

Offering a unique balance between applications and calculations, Monte Carlo Methods and Models in Finance and Insurance incorporates the application background of finance and insurance with the theory and applications of Monte Carlo methods. It presents recent methods and algorithms, including the multilevel Monte Carlo method, the statistical Rom

chapter 1|4 pages

Introduction and User Guide

chapter 2|50 pages

Generating Random Numbers

chapter 3|48 pages

The Monte Carlo Method: Basic Principles

chapter 8|84 pages

Simulating Actuarial Models