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  2. Monte Carlo method - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_method

    Monte Carlo simulation: Drawing a large number of pseudo-random uniform variables from the interval [0,1] at one time, or once at many different times, and assigning values less than or equal to 0.50 as heads and greater than 0.50 as tails, is a Monte Carlo simulation of the behavior of repeatedly tossing a coin.

  3. Monte Carlo methods for option pricing - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_methods_for...

    Monte Carlo simulated stock price time series and random number generator (allows for choice of distribution), Steven Whitney; Discussion papers and documents. Monte Carlo Simulation, Prof. Don M. Chance, Louisiana State University; Pricing complex options using a simple Monte Carlo Simulation, Peter Fink (reprint at quantnotes.com)

  4. Particle filter - Wikipedia

    en.wikipedia.org/wiki/Particle_filter

    From 1950 to 1996, all the publications on particle filters, and genetic algorithms, including the pruning and resample Monte Carlo methods introduced in computational physics and molecular chemistry, present natural and heuristic-like algorithms applied to different situations without a single proof of their consistency, nor a discussion on the bias of the estimates and genealogical and ...

  5. Monte Carlo tree search - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_tree_search

    Search algorithm. In computer science, Monte Carlo tree search ( MCTS) is a heuristic search algorithm for some kinds of decision processes, most notably those employed in software that plays board games. In that context MCTS is used to solve the game tree . MCTS was combined with neural networks in 2016 [ 1] and has been used in multiple board ...

  6. Monte Carlo methods in finance - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_methods_in_finance

    Essentially, the Monte Carlo method solves a problem by directly simulating the underlying (physical) process and then calculating the (average) result of the process. [ 1] This very general approach is valid in areas such as physics, chemistry, computer science etc. In finance, the Monte Carlo method is used to simulate the various sources of ...

  7. Event chain methodology - Wikipedia

    en.wikipedia.org/wiki/Event_chain_methodology

    Event chain methodology is a network analysis technique that is focused on identifying and managing events and relationships between them (event chains) that affect project schedules. It is an uncertainty modeling schedule technique. Event chain methodology is an extension of quantitative project risk analysis with Monte Carlo simulations.

  8. Direct simulation Monte Carlo - Wikipedia

    en.wikipedia.org/wiki/Direct_simulation_Monte_Carlo

    Direct simulation Monte Carlo. Direct simulation Monte Carlo ( DSMC) method uses probabilistic Monte Carlo simulation to solve the Boltzmann equation for finite Knudsen number fluid flows. The DSMC method was proposed by Graeme Bird, [ 1][ 2][ 3] emeritus professor of aeronautics, University of Sydney. DSMC is a numerical method for modeling ...

  9. Swendsen–Wang algorithm - Wikipedia

    en.wikipedia.org/wiki/Swendsen–Wang_algorithm

    The Swendsen–Wang algorithm is the first non-local or cluster algorithm for Monte Carlo simulation for large systems near criticality. It has been introduced by Robert Swendsen and Jian-Sheng Wang in 1987 at Carnegie Mellon . The original algorithm was designed for the Ising and Potts models, and it was later generalized to other systems as ...

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