Simulation in Computational Finance and Economics: Tools and Emerging Applications

ISBN-13: 9781466620117 / Angielski / Twarda / 2012 / 460 str.

Edward Tsang; Biliana Alexandrova-Kabadjova; Serafin Martinez-Jaramillo

Opis

Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years.