Many industries - reinsurance finance and commercial development, for example - rely on risk analysis technology that utilize Monte Carlo simulation. To bail down the likelihood of success ot failure ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...

Uncertainty and risk are issues that virtually every business analyst must deal with, sooner or later. The consequences of not properly estimating and dealing with risk can be devastating. There’s a ...

The future's uncertain, which is why it's so essential to consider what could happen, or not, from a variety of perspectives. Every attempt at modeling and forecasting is wrong, of course. That's the ...

The term "Monte Carlo" has its origins in the world-renowned Monaco city known for its casinos. In the 1940s, scientists working on the Manhattan Project developed this simulation method to model the ...

This is a preview. Log in through your library . Abstract Suppose a large economy with individual risk is modeled by a continuum of pairwise exchangeable random variables (i.i.d., in particular). Then ...

Accurate assessment of the portfolio loss distribution is of great practical importance in portfolio risk measurement, active portfolio management and structured credit trading. Whether it be in ...

When it comes to using data to personalize medicine, Google and a UK hospital group’s partnership to build a personalized healthcare app – using 1.6 million health records – is really just the tip of ...