Already 4 minutes in you explained random variables better than any prof i had. I never had the clear visualization of a distribution while I somehow got through stats and econometrics thinking it was just some traditional value, unbelievable. Thank you so much for your work!

Dude your videos are bar none the best stats videos I’ve watched and your grasp of the material is always so strong and clearly communicated.

Excellent explanation of very complicated concept. Thanks for sharing !

Great Explanation!!!

Please continue publishing videos with dubbing options, in other languages it is very difficult to obtain quality content

nice

I rarely comment on any videos, but your explanations and visualizations of the Monte Carlo simulation and how it is relevant to finance are really impressive and well communicated. Goated channel!

My apologies goat i was sick thats why i wasnt on 0 min gang

Yep... going broke before wealth is the problem.

Love the videos.
On a side note, does anybody know how he get to show these notebooks without the code inputs though? I want to make similar notebooks whereby I have markdown and py blocks (to create visuals) but dont want to see the py blocks.

Roman have you ever looked at Timothy Masters work for permutation of time series to obtain a p value for measuring a strategies edge? Also thank you for your videos. I have improved my data science knowledge and statistical approach to trading thanks to your videos!

Commenting so your channel gets the traction it deserves

MCMC is good in financial case but the  world 🌎  Chaosy not all the state will be predictable and here we go a again more probability  ♾️ the answer for all that do your best in your Job and God will see your efforts and you will get what you deserve

Are you saying, it there is only a small sample the distribution doesn't form a bell curve... causing a shifted mean... ?

Answer: “By the law of large numbers.” End video.

Good explanation. Well done! However, and as you explain in the end, applying MC like this is too simplistic. Asset prices are path dependent and so returns are not iid and LLN doesn't apply.

What is he looking at? Not the camera we're seeing.

Sir, please always add Hindi language to your videos because I am very eager to watch your videos. Sir 🙏🙏🙏

montecarlo simulations the way its done in python etc currently, i think its a waste because already a distribution say normal is assumed then numbers are drawn from it.. that assumption is everything, we can simply get the results simply using old looking up at z-scores etc

~~"figuring out edge even if you don't know the distribution" --> no... figuring out edge assuming distribution is normal.

what i mean is that there's no free lunch with monte carlo at all, actually it's quite a midwit take (constructive criticism towards people who think reading theory prepares them for real life and for people who have way too much respect for theoretical education) to think that you are protected/in control of the possible net of outcomes with these techniques.

to "SPECIFY" a distribution (which is what everyone must do to even use montecarlo even if they think they don't and just assume a normal one) means to take a guess and a position at the problem that completely influences the way you interpret the results. it's like choosing a prior that you have no idea it's right when you're talking about things you simple dont know or cant prove.

you can't see the shape of the distro, you can't assume the distro correctly and more important than that, even if you calculated the shape of the distro from all of the market data you want to tackle, that distro is permanently evolving. this is not to say that you can't tame any unknown distributions, this is to say that if you do, you do it with less control in reality than the one you think you got in your head.

and by the way, to anyone reading this, think about how dumb you are for thinking a dice roll example or any other of ALL the examples of monte carlo just use deterministic static odds for outcomes, aka static easy normal distros that are known and don't change...

edit: it's tremendously cringe for ending the video saying why monte carlo simulation work after a decent part where you explain some of the stuff i said above that completely invalidates any claim of monte carlo working.