Monte Carlo Simulation in Financial Modeling
解释蒙特卡洛模拟的主要特点，并举例说明其在期权定价、投资组合保险和风险管理中的应用，适合需要处理不确定性的资产管理者。
Models in asset management require consideration of uncertainty. Monte Carlo simulation is a popular quantitative tool that assigns random values to input variables in order to draw inferences about an uncertain outcome. This article explains and illustrates the main characteristics of Monte Carlo simulation and presents examples for its application in option pricing, portfolio insurance, and portfolio risk management.