How to apply the Monte Carlo simulation principles to a game of dice using Microsoft Excel. The Monte Carlo method is widely used and plays a key part in various fields such as finance, physics ...

Expect the unexpected: Risk assessment using Monte Carlo simulations With software such as Microsoft Excel, CPAs can perform statistical simulations to assess the potential upside and risk of business ...

This paper illustrates the manner in which two path dependent exotic options (Asian and Fixed Strike Lookback options) can be valued using Monte Carlo simulations on Excel. Though Excel is not a ...

Finite sample simulations show that the Monte Carlo tests outperform bootstrap tests. The method is illustrated with analysis of a real dataset. Biometrika is primarily a journal of statistics in ...