April 2000
Beginner
304 pages
6h 58m
English
Content preview from Risk: The New Management Imperative in FinanceBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Simulation 13
Monte Carlo simulation and other open-form techniques will become the basis for measuring risk in large portfolios. In the past, the goal was to obtain closed-form solutions, equations that pre-ordained the answer once the variables were filled in. Open-form techniques, which have only become feasible with the advent of computers, do not produce a single predetermined result. They generate a whole distribution of possible outcomes, each of which has allowed the variables to migrate within predefined limits. Open-form techniques are a better choice where there are many variables that influence the outcome and when those variables ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.