Why Monte Carlo Simulation Works
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Jupyter Notebook:
https://github.com/romanmichaelpaoluc...
It was a 3:30 am EST deployment for the new https://quantguild.com update - nevertheless, one of my favorite topics to discuss! I hope you learned something and enjoyed the video!
Roman
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Chapters:
00:00 - Monte Carlo Simulation for Statistics and Probabilities
01:39 - Random Variables as a Distribution
05:05 - Law of Large Numbers (LLN)
07:58 - Dice Roll Example
9:08 - New Casino Game Example
11:05 - Creating Edge in Games of Chance
12:50 - Simulating Probabilities
15:28 - Simulating Financial Derivative Prices
17:50 - Challenges with Simulation in Finance
21:20 - Closing Thoughts and Future Topics
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Related Videos:
Monte-Carlo Simulation and Black-Scholes for Pricing Options
• Monte Carlo Simulation and Black-Scholes f...
Expected Stock Returns Don't Exist:
• Expected Stock Returns Don't Exist
How to Trade:
• How to Trade
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Recipes for simulating stochastic processes:
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