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Comment by JackFr

5 years ago

I remember someone demanding that we needed to run our Monte Carlo pricer on 1024 paths, that 256 just wasn’t precise enough and one of the risk guys said “Well since we know our assumptions are wrong I’m not sure what difference it makes.”

1 comment

JackFr

Reply

brazzy  5 years ago

The difference between precision and accuracy in a nutshell.

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