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You're reading from  Python for Finance Cookbook - Second Edition

Product typeBook
Published inDec 2022
PublisherPackt
ISBN-139781803243191
Edition2nd Edition
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Author (1)
Eryk Lewinson
Eryk Lewinson
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Eryk Lewinson

Eryk Lewinson received his master's degree in Quantitative Finance from Erasmus University Rotterdam. In his professional career, he has gained experience in the practical application of data science methods while working in risk management and data science departments of two "big 4" companies, a Dutch neo-broker and most recently the Netherlands' largest online retailer. Outside of work, he has written over a hundred articles about topics related to data science, which have been viewed more than 3 million times. In his free time, he enjoys playing video games, reading books, and traveling with his girlfriend.
Read more about Eryk Lewinson

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Monte Carlo simulations are a class of computational algorithms that use repeated random sampling to solve any problems that have a probabilistic interpretation. In finance, one of the reasons they gained popularity is that they can be used to accurately estimate integrals. The main idea of Monte Carlo simulations is to produce a multitude of sample paths (possible scenarios/outcomes), often over a given period of time. The horizon is then split into a specified number of time steps and the process of doing so is called discretization. Its goal is to approximate the continuous time...

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Python for Finance Cookbook - Second Edition
Published in: Dec 2022Publisher: PacktISBN-13: 9781803243191

Author (1)

author image
Eryk Lewinson

Eryk Lewinson received his master's degree in Quantitative Finance from Erasmus University Rotterdam. In his professional career, he has gained experience in the practical application of data science methods while working in risk management and data science departments of two "big 4" companies, a Dutch neo-broker and most recently the Netherlands' largest online retailer. Outside of work, he has written over a hundred articles about topics related to data science, which have been viewed more than 3 million times. In his free time, he enjoys playing video games, reading books, and traveling with his girlfriend.
Read more about Eryk Lewinson