3 ms·
What's the current state of the "stochasticity" view presented here? I've always thought of Monte Carlo as being a convenient way to avoid expensive analytical
by claytonjy 11y ago
What's the current state of the "stochasticity" view presented here? I've always thought of Monte Carlo as being a convenient way to avoid expensive analytical solutions, rather than a reproduction of a stochastic reality, but I'm not a frequent user of the techniques.
- jcfrei 11y agoDepending on the quality of your model I think it can be very much a good approximation of "stochastic reality" (ie. the real world probabilities).