On the anomaly of ran1() in Monte Carlo pricing of financial derivatives

Mathematics

• Pseudo-Random Number Generator 100%
• Derivatives 100%
• Algorithm 50%
• Converges 50%
• Characteristics 50%
• Variance Reduction 50%
• Monte Carlo 50%
• Anomalies 50%
• Monte Carlo Simulation 50%

Economics, Econometrics and Finance

• Pricing 50%