Economists that study purchasing behavior understand that people often deceive themselves when buying large ticket items. There are certainly emotional components to purchasing behavior. I have purchased over 10 automobiles in my adult life without understanding the “total cost of ownership” (TCO) of any of them. I tried to make good decisions, but at the end of the day, I really wanted that …
Simulate a single commodity/risk variable over a user-defined time horizon using a Monte Carlo stochastic price simulation model.
Simulate multiple commodities/risk variables over a user-defined time horizon using a Monte Carlo correlated stochastic price simulation model.
Compute analytical VaR (Value at Risk) for a portfolio of financial contracts.