Question: Monte Carlo Simulation is just one of a variety of simulation models that exist. Do a literature search and find a unique article published in a peer reviewed journal that discusses advanced financial models (Monte Carlo and other simulations). A peer reviewed journal means a publication (paper or digital) that has editors or reviewers who ensure articles meet certain standards. Articles from any web site with ‘pedia' in it, financial reference sites, and financial press (Forbes, WSJ) are NOT appropriate sources.