How to apply the Monte Carlo simulation principles to a game of dice using Microsoft Excel. The Monte Carlo method is widely used and plays a key part in various fields such as finance, physics ...

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 ...

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 ...