Simulation and the Monte Carlo Method (Wiley Series in Probability and Statistics)

Simulation and the Monte Carlo Method (Wiley Series in Probability and Statistics) Review

This accessible new edition explores the major topics in Monte Carlo simulation

Simulation and the Monte Carlo Method, Second Edition reflects the latest developments in the field and presents a fully updated and comprehensive account of the major topics that have emerged in Monte Carlo simulation since the publication of the classic First Edition over twenty-five years ago. While maintaining its accessible and intuitive approach, this revised edition features a wealth of up-to-date information that facilitates a deeper understanding of problem solving across a wide array of subject areas, such as engineering, statistics, computer science, mathematics, and the physical and life sciences.

The book begins with a modernized introduction that addresses the basic concepts of probability, Markov processes, and convex optimization. Subsequent chapters discuss the dramatic changes that have occurred in the field of the Monte Carlo method, with coverage of many modern topics including:

• Markov Chain Monte Carlo
• Variance reduction techniques such as the transform likelihood ratio method and the screening method
• The score function method for sensitivity analysis
• The stochastic approximation method and the stochastic counter-part method for Monte Carlo optimization
• The cross-entropy method to rare events estimation and combinatorial optimization
• Application of Monte Carlo techniques for counting problems, with an emphasis on the parametric minimum cross-entropy method

An extensive range of exercises is provided at the end of each chapter, with more difficult sections and exercises marked accordingly for advanced readers. A generous sampling of applied examples is positioned throughout the book, emphasizing various areas of application, and a detailed appendix presents an introduction to exponential families, a discussion of the computational complexity of stochastic programming problems, and sample MATLAB programs.

Requiring only a basic, introductory knowledge of probability and statistics, Simulation and the Monte Carlo Method, Second Edition is an excellent text for upper-undergraduate and beginning graduate courses in simulation and Monte Carlo techniques. The book also serves as a valuable reference for professionals who would like to achieve a more formal understanding of the Monte Carlo method.

Mastering the Art of Equity Trading Through Simulation, + Web-Based Software: The TraderEx Course (Wiley Trading)

Mastering the Art of Equity Trading Through Simulation, + Web-Based Software: The TraderEx Course (Wiley Trading) Review

An interactive guide to successfully trading in today's markets

Mastering the Art of Equity Trading Through Simulation is a guidebook to interactive computer trading simulation designed to provide participants with hands-on experience in making tactical decisions and implementing them in different market environments-from continuous order drive markets to call auction markets, and from dealer markets to dark liquidity pools.

By showing traders how to operate in these different markets, this reliable resource quickly reveals a good deal about what trading involves and how market design impacts trading decisions.

• Provides a virtual platform that gives users hands-on experience in making tactical trading decisions
• Shows exactly how prices are established in the marketplace
• Teaches how the structure of a marketplace influences participant decisions

Learning to trade through study is like learning about a roller coaster ride verbally. You may get the idea of going up and down and around curves, but will lack the actual experience. Mastering the Art of Equity Trading Through Simulation will get you as close as possible to the markets-without actually going in them-and prepare you to profit once you're really there.

Learning by Doing: A Comprehensive Guide to Simulations, Computer Games, and Pedagogy in e-Learning and Other Educational Experiences (Wiley Desktop Editions)

Learning by Doing: A Comprehensive Guide to Simulations, Computer Games, and Pedagogy in e-Learning and Other Educational Experiences (Wiley Desktop Editions) Review

Designed for learning professionals and drawing on both game creators and instructional designers, Learning by Doing explains how to select, research, build, sell, deploy, and measure the right type of educational simulation for the right situation.  It covers simple approaches that use basic or no technology through projects on the scale of computer games and flight simulators. The book role models content as well, written accessibly with humor, precision, interactivity, and lots of pictures.  Many will also find it a useful tool to improve communication between themselves and their customers, employees, sponsors, and colleagues.  As John Coné, former chief learning officer of Dell Computers, suggests, “Anyone who wants to lead or even succeed in our profession would do well to read this book.”

Wiley CPA Exam: How to Master Simulations (Wiley CPA Exam: How to Master Simulations (W/CD))

Wiley CPA Exam: How to Master Simulations (Wiley CPA Exam: How to Master Simulations (W/CD)) Review

Now fully revised, the only guide you need to ace the simulation question requirements of the CPA Exam

Fully revised and updated, this tightly focused guide is like no other, focusing strictly on the simulation questions in the CPA Exam.

Providing nine case studies-three for each section tested on the CPA exam-Wiley CPA Exam: How to Master Simulations, Second Edition takes you step by step to show you how to complete each simulation tested on the exam.

O. Ray Whittington, well-known author and professor, uses his extensive experience to prepare candidates to master the simulations on the CPA Exam. Tightly focused, this study aid provides you with the tips and examples you need to study effectively, and includes

• All the new functionality of the simulation questions, including the new research requirements
• A complementary CD-ROM containing nine free full simulations to give you hands-on practice similar to the actual exam
• Essential guidance on how to do an efficient and effective search and how to understand the questions requirements
• Vital strategies on how to approach the research requirements of CPA exam simulations
• A detailed description of how to improve your written communications on the communication requirements of all sections of the exam
• Thorough guidance on how to complete Financial Accounting and Reporting, Regulation, and Auditing and Attestation simulations

Filled with tips and examples of how you can effectively navigate through the simulation questions and maximize your score, Wiley CPA Exam: How to Master Simulations, Second Edition equips you with a systematic approach to understanding the CPA Exam's simulation questions.