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Description
Monte Carlo Methodologies for Pricing and Risk Management
This work is a useful reference book of classic research and new writing on the methodologies and applications of Monte Carlo simulation. Topics include: dimension reduction and other ways of speeding Monte Carlo simulation; strata gems; Greeks in Monte Carlo; Monte Carlo simulation of options on joint minima and maxima; model calibration in the Monte Carlo framework; and numerical valuation of high-dimensional multivariate American securities.
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