A Monte Carlo simulation helps investors by modeling potential investment outcomes using randomization and computer algorithms.

If one had asked a financial adviser 18 months ago for retirement-planning guidance, there is a good chance he would have run a "Monte Carlo" simulation. This calculation method, as it is commonly ...

In this paper we develop an approximate solution method that consists of: 1) using Monte Carlo integration to stimulate the required multiple integrals at a subset of the state points, and 2) ...