Financial advisers frequently use Monte Carlo analys`is to demonstrate the resiliency of a financial plan. These simulations produce a score that is useful in securing a client's confidence in their ...

Monte Carlo simulation — the method of statistical analysis that determines the probability of certain events using a roulette-wheel like generation of random numbers — has become so popular that ...

Simulation software offers users the opportunity to "experience" hundreds or thousands of outcomes associated with uncertain events. Dealing with uncertainty and hence risk is an important component ...

There are a few common questions that many clients will eventually ask their financial adviser to answer. How much will my portfolio be worth at retirement? Will I outlive my money? How would my plan ...

In early November 2007, two investors met in the waiting room of their financial adviser's office. By chance, both Robert, 62, and Sandra, 78, had appointments to discuss their retirement financial ...

One of the classic approaches to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data as used in historical simulations. This can ...

A second classical approach to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data used in historical simulations. This can be ...

Many industries - reinsurance finance and commercial development, for example - rely on risk analysis technology that utilize Monte Carlo simulation. To bail down the likelihood of success ot failure ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...