Versatility in Monte-Carlo Simulations: an Application Within Physics and Economics

Persistent URL
Author(s)
Capristo, Peyton
Date Issued
April 23, 2021
Abstract
For this comprehensive project, Monte-Carlo simulations are applied to two different fields of study. Those fields consist of physics and economics. The physics simulation observes different attributes of a photon traveling through the sun. A visual walk, some statistics, and a question of time for this process to conclude will be analyzed. While the economics simulation explores Monte-Carlo simulations applied to european call and put options. The objective of this paper is to show how Monte-Carlo simulations are a method that can be used not just in a singular area of study. The programming language python is utilized to accomplish this goal. Results show a successful monte carlo simulations in both a physics and an economics application.
Major
Economics
Physics
First Reader(s)
Lombardi, James C., Jr. (Jamie)
Other Reader(s)
Michaelides, Michael
Department
Economics
Physics
Type of Publication
Senior Project Paper
Subjects

Monte-Carlo Simulatio...

Python

Physics

Economics

File(s)
Thumbnail Image
Name

Photon Through Sun Base.py

Description
This is the visual walk code
Size

2.07 KB

Format

Unknown

Checksum (MD5)

13c6f971e1d8ad7aaf019fdb154f9a8d

Thumbnail Image
Name

3D.py

Description
This is the 3D statistics code
Size

2.57 KB

Format

Unknown

Checksum (MD5)

e4c3344881d23e1f73398ebbd8c272b6