Simulation: Incorporating uncertainty

Robert Farrow

Chapter 19 in Teaching Benefit-Cost Analysis, 2018, pp 232-238 from Edward Elgar Publishing

Abstract: Simulation is an increasingly accessible method to investigate uncertainty in an analysis. This chapter supports that conclusion, explains the concept behind simulation and presents class exercises using both standard Excel as well as more advanced spreadsheet simulation tools.

Keywords: Economics and Finance; Teaching Methods (search for similar items in EconPapers)
Date: 2018
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