Concentrating primarily on easily displayed theories and methodologies of Monte Carlo simulation, this authoritative book goes wider and deeper than any other and includes timely applications to the fields of financial engineering, risk management, and economics.[...]

A state-of-the-art introduction to the powerful mathematical and statistical tools used in the field of finance The use of mathematical models and numerical techniques is a practice employed by a growing number of applied mathematicians working on applications in finance. Reflecting this developmen[...]