Please refer to the following articles:
Bruno, Giuseppe, Monte Carlo Simulation for Pricing European and American Basket option, Bank of Italy, https://www.r-project.org/conferences/ useR-2010/abstracts/Bruno.pdf
Easley, D., Kiefer, N.M., O'Hara, M., Paperman, J.B., 1996, Liquidity, information, and infrequently traded stocks, Journal of Finance 51, 1405–1436, http://www.defaultrisk.com/pa_liqty_03.htm
Jacquier, Eric, Alex Kane, and Alan J. Marcus,2003, Geometric or Arithmetic Me an: A Reconsideration, https://www2.bc.edu/alan-marcus/papers/FAJ_2003. pdf
Stucchio, Chris, 2013, Modelling a Basic Income with Python and M onte Carlo Simulation, https://www.chrisstucchio.com/blog/2013/basic_income_ vs_basic_job.html
Zhong, Raymond, 2017, India Considers Fighting Poverty With a Universal Basic Income , Wall Street Journal, http://blogs.wsj.com/ indiarealtime/2017/01/31/india-considers-fighting-poverty-witha- universal-basic-income/