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중요도 샘플링×Value at Risk (VaR)×
분야시뮬레이션재무학
계열Process / pipelineRegression model
기원 연도19512007
창시자Herman Kahn & Theodore Harris (RAND Corporation, 1951)Jorion (textbook benchmark); popularised by RiskMetrics / J.P. Morgan
유형Monte Carlo variance-reduction techniqueFinancial risk measure
원전Rubinstein, R.Y. & Kroese, D.P. (2016). Simulation and the Monte Carlo Method (3rd ed.). Wiley. DOI ↗Jorion, P. (2007). Value at Risk: The New Benchmark for Managing Financial Risk (3rd ed.). McGraw-Hill. ISBN: 978-0071464956
별칭IS, weighted Monte Carlo, Önem ÖrneklemesiVaR, value-at-risk, delta-normal VaR, historical simulation VaR
관련55
요약Importance sampling is a Monte Carlo variance-reduction technique that shifts the sampling distribution toward the region of interest — typically a rare or extreme event — so that informative samples are drawn far more often than under the original distribution. Developed at the RAND Corporation by Herman Kahn and Theodore Harris around 1951, it makes tail-probability estimation (such as Value-at-Risk or system-failure probability) tractable where standard Monte Carlo would require an astronomically large number of runs.Value at Risk is a financial risk measure that estimates the maximum loss a position or portfolio could suffer over a fixed holding period at a given confidence level. It is the standard benchmark in risk management and regulatory capital calculations, developed in the textbook tradition of Jorion (2007) and the Basel market-risk framework.
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