Monte Carlo Valuation.

Nowadays computers have so much calculation power that the new generation of programs can calculate almost unlimited scenarios.
A new generation of possibilities brings a new generation of finance. I remember the moment that I read the first macroeconomic book of my father, the definition of a period of two years economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. Nowadays we talk about 2 periods of downturn and a period has been defined as shorter and shorter.

Hans Ensing