Turbo-charged models

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Many of the problems in trading derivatives and managing risk are highly complex, with numerous variables, and are not easily solved with mathematical formulas. Pricing exotic derivatives such as average rate options or calculating the credit exposure of loan portfolios are the kinds of problems where firms turn to Monte Carlo as the most practical way of finding answers.

Monte Carlo is a way of finding the best approximate answers, or distributions of probable answers, to problems with many

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