We take an alternative view at the curse of dimensionality.
Peter Jäckel received his D. Phil. in Physics from Oxford University in 1995. He moved into quantitative analysis and financial modelling in 1997, and has since worked at Nikko Securities, NatWest, Royal Bank of Scotland, Commerzbank Securities, ABN AMRO, VTB Capital [London], and 2019-2022 at VTB (Europe) SE [Frankfurt]. He now works as an independent consultant under the company name OTC Analytics (incorporated in 2008). Peter is the author of the book “Monte Carlo methods in finance” (2002) and a series of articles on financial mathematics and derivatives models some of which can be found at http://www.jaeckel.org. He is also a Managing Editor of Quantitative Finance.