tag:blogger.com,1999:blog-4509736829271344872.post5532735496703437276..comments2024-03-02T03:24:43.931-05:00Comments on Advanced Analytic Techniques: Analyzing the Risks of Information Security Investments With Monte Carlo SimulationsKristan J. Wheatonhttp://www.blogger.com/profile/02566135545863154089noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4509736829271344872.post-19703592706756946592017-11-14T00:37:59.933-05:002017-11-14T00:37:59.933-05:00One of the important advantages of Monte Carlo sim...One of the important advantages of Monte Carlo simulation is its ability to run numerous "what-if" scenarios and determine to a degree the likelihood a scenario will occur. On the flip side, because a scenario has a higher assumed probability, it does not necessarily mean it will occur.Anonymoushttps://www.blogger.com/profile/10421855006522798415noreply@blogger.comtag:blogger.com,1999:blog-4509736829271344872.post-19802009849025031002017-11-13T23:40:25.199-05:002017-11-13T23:40:25.199-05:00It appears that Monte Carlo simulation serves as a...It appears that Monte Carlo simulation serves as a complementary method when used with Bayesian statistics given that the models in this study use "assumed" or "expected" values. It would be interesting to see Monte Carlo simulation used in conjunction with the Delphi method.Anonymoushttps://www.blogger.com/profile/08345207198506122390noreply@blogger.com