A Monte Carlo simulation can be developed using Microsoft Excel and a game of dice. A data table can be used to generate the results—a minimum of 5,000 results are needed to prepare the Monte ...

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

The examples presented above demonstrate how a Monte Carlo simulation is useful when assessing risk in business and accounting decisions. The loan covenant setting provides a straightforward context ...

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 ...

Michael P. Keane, Kenneth I. Wolpin, The Solution and Estimation of Discrete Choice Dynamic Programming Models by Simulation and Interpolation: Monte Carlo Evidence, The Review of Economics and ...