how is Davide di Lernia and Radio Monte Carlo related?
Davide di Lernia Davide di Lernia (born November 1978, in Milan, Italy) is a film director, producer and editor. During his career, he worked for three important Italian radios: Radio Monte Carlo, Radio 105 Network and Virgin Radio.
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.