Business Risk Analisys for Beginners

The Monte Carlo Method is a very common in financial institutions. Especially, the method is used for the risk management for the financial products. The Monte Carlo Method is not difficult. If you know to calculate a current value what you want to know, you could use the method easily. The method needed much CPU power several years ago, but now it can be calculated on your PC.
Actually, I calculate some options which I composed the programs. The calculated future values are very close to the explicit solution method values. If the value doesn't have the explicit solution method, you could get the future values from the current value with Monte Carlo Method.
I recommend to learn the Monte Carlo Method.
ビジネスリスク分析入門―モンテカルロ・シミュレーションの応用事例 (早稲田大学理工総研シリーズ)