bc0e6d7f_ue_Investing__Timeless_Reading__Description
[Title] Simulations, Decision Trees and Scenario Analysis: Probabilistic Approaches to Risk [Download] Probabilistic Approaches to Risk(Download paper) [Description] 
With the advent of simulation software (like Crystal Ball and @Risk), a full-fledged simulation or scenrio analysis is well within the grasp of any analyst valuing a company or analyzing a project. However, what rold should simulations and scenario analysis play in valuation? And what is the relationship between these analysis and traditional expected value calculations (where we adjust for risk in the discount rate)?
Value Investing: Timeless Reading
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