Tag Archives: monte carlo

Monte Carlo Simulation

Monto Carlo simulation is a technique for approximating future behaviour based on randomly sampled numbers. By sampling from different probability distributions it is possible to use Monte Carlo simulation for a range of different situations including physical systems, computer games or finance. This post gives a simple example of Monte Carlo simulation to give some… Read More »

Monte Carlo Integration

Monte Carlo integration uses random numbers to approximate the solutions to integrals. While not as sophisticated as some other numerical integration techniques, Monte Carlo integration is still a valuable tool to have in your toolbox. Monte Carlo integration is one type of Monte Carlo method – a family of techniques which use randomly generated numbers… Read More »