Simulation in Computational Finance and Economics: Tools and Emerging Applications (Advances in Finance, Accounting, and Economics) - Hardcover

Hardcover

ISBN 10: 1466620110 ISBN 13: 9781466620117

Publisher: Idea Group,U.S., 2012

Synopsis

Simulation has become a tool difficult to substitute in many scientific areas like manufacturing, medicine, telecommunications, games, etc. Finance is one of such areas where simulation is a commonly used tool; for example, we can find Monte Carlo simulation in many financial applications like market risk analysis, portfolio optimization, credit risk related applications, etc. Simulation in Computational Finance and Economics: Tools and Emerging Applications presents a thorough collection of works, covering several rich and highly productive areas of research including Risk Management, Agent-Based Simulation, and Payment Methods and Systems, topics that have found new motivations after the strong recession experienced in the last few years. Despite the fact that simulation is widely accepted as a prominent tool, dealing with a simulation-based project requires specific management abilities of the researchers. Economic researchers will find an excellent reference to introduce them to the computational simulation models. The works presented in this book can be used as an inspiration for economic researchers interested in creating their own computational models in their respective fields.

Edition details

• Publisher: Idea Group,U.S.
• Publication date: 2012
• Language: English
• ISBN 10: 1466620110
• ISBN 13: 9781466620117
• Binding: Hardcover
• Number of pages: 378
• Editor: Alexandrova-Kabadjova Biliana, Martinez-Jaramillo Serafin, Garcia-Almanza Alma Lilia, Tsang Edward