A Million Dollar Roulette in the Financial and Insurance Market? The Monte Carlo Method

Ralf Korn () and Bernd Luderer ()
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Ralf Korn: TU Kaiserslautern
Bernd Luderer: TU Chemnitz

Chapter 59 in Money and Mathematics, 2021, pp 245-248 from Springer

Abstract: Abstract Often one reads or hears about the application of so-called Monte Carlo methods in extensive calculations in the finance and insurance industry. Should it really be the case that money is put at risk by a kind of roulette in the truest sense of the word?

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-658-34677-5_59

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DOI: 10.1007/978-3-658-34677-5_59

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