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Duff & Phelps Financial Engineering Internship Interview Question (student candidate)

I interviewed in San Francisco, CA and was asked:
"How many simulations would it take to get an accuracy of less than or equal to 1%"
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Part of a Financial Engineering Internship Interview Review - one of 62 Duff & Phelps Interview Reviews

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Use the 1/sqrt(N)
- Interview Candidate on Feb 25, 2012 Flag Response
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Does it not depend on the variance of the Monte Carlo estimates. The standard error does scale with 1/sqrt(n) but also depends on the variance of the algorithm simulations. The number of simulations can be lowered using variance reduction techniques such as antithetic, control variante, etc.
- Ben on Jul 16, 2013 Flag Response

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