how is Davide di Lernia and Radio Monte Carlo related?
Radio Monte Carlo Radio Monte Carlo (RMC) is the name of radio stations owned and managed by several different entities:
Monte Carlo methods in finance Monte Carlo methods are used in finance and mathematical finance to value and analyze (complex) instruments, portfolios and investments by simulating the various sources of uncertainty affecting their value, and then determining the distribution of their value over the range of resultant outcomes. This is usually done by help of stochastic asset models. The advantage of Monte Carlo methods over other techniques increases as the dimensions (sources of uncertainty) of the problem increase.