Monte Carlo simulation is a mathematical technique for considering the effect of uncertainty on investing as well as many other activities. A Monte Carlo simulation shows a large number and variety of ...

Pete Rathburn is a copy editor and fact-checker with expertise in economics and personal finance and over twenty years of experience in the classroom. Getty Images / Monty Rakusen Analysts can assess ...

The application of Bayesian methods to large-scale phylogenetics problems is increasingly limited by computational issues, motivating the development of methods that can complement existing Markov ...

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 ...

It is a common assumption that gambling comes down to luck and nothing more. You place your bet, cross your fingers, gather your four-leaf clovers and then leave the outcome to the finer points of ...

Shawn Brayman never felt entirely comfortable with the application of Monte Carlo simulations in financial planning. The president of Lindsay, Ont.-based PlanPlus Inc. could appreciate the appeal of ...