URL details: magnusross.github.io/posts/mc/#analytical-solution

URL title: Simulation is easy, probability is hard... ::
URL description: There are many interesting things that can be learned about probabilistic modelling from the world of trading and finance, where, perhaps due to the direct connection to very large sums of money, attitudes to problems are generally very different to those of the typical statistician or ML practitioner. Two books I have enjoyed recently in the area are The Education of a Speculator by Victor Niederhoffer and Fooled by Randomness by Nassim Nicholas Taleb.
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