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Monte Carlo Methods and Models in Finance and Insurance

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Monte Carlo Methods and Models in Finance and Insurance - Korn, Ralf, and Korn, Elke, and Kroisandt, Gerald
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Offering a unique balance between applications and calculations, this book 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 Romberg method, and the Heath-Platen estimator, as well as recent financial and actuarial models, such as the Cheyette and dynamic mortality models. The book enables readers to find the right algorithm for a desired application ...

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Monte Carlo Methods and Models in Finance and Insurance 2023, CRC Press

ISBN-13: 9781032477695

Trade paperback

Monte Carlo Methods and Models in Finance and Insurance 2010, CRC Press, Oxford

ISBN-13: 9781420076189

Hardcover