Faculty of Business External Research Seminar - Finance - Giray Ökten

06.12.2024

13:30-15:00

AB2 345

Giray Ökten- Florida State University 


Simulation in Finance and Economics

Simulation is a widely used numerical tool in finance and economics, applied in areas like risk assessment, option pricing, portfolio optimization, and stress testing. In this talk, I will explore two primary types of sequences utilized in simulation: pseudorandom sequences and low-discrepancy sequences. I will present practical applications and provide a comparison of their effectiveness in solving real-world problems.