**Reading Source:** Textbook - Value at Risk

**Topics Covered in this Reading:**

- Why Monte Carlo Simulations?
- Simulations with One Random Variable
- Simulating a Price Path
- Creating Random Numbers
- The Bootstrap
- Computing VaR
- Risk Management and Pricing Methods

- Speed Versus Accuracy
- Accuracy
- Acceleration Methods

- Simulations with Multiple Variables
- From Independent to Correlated Variables
- Number of Risk Factors

- Deterministic Simulation
- Choosing the Model