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i would also find it very interesting to see distinct mathematical approaches for solving these kinds of problems compared. are finite-element models or some o
by shoo 13y ago
i would also find it very interesting to see distinct mathematical approaches for solving these kinds of problems compared.
are finite-element models or some other approximation of the probability distribution used in practice as an alternative to simulation when closed-form solutions are not available?
- phyalow 13y agoHi, apologies for the slow reply. Yes predominately Monte-carlo simulations are used. If you are interested in the field an easy entry point is Paul Wilmotts "Introduction to Quantitative Finance".