Nature

Monte Carlo Methods and Markov Chain Algorithms

Monte Carlo methods and Markov Chain algorithms have long been central to computational science, forming the backbone of numerical simulation in a variety of disciplines. These techniques employ ...
Nature

Monte Carlo Methods in Stochastic Media and Particle Transport

Monte Carlo methods have emerged as an indispensably robust tool for simulating particle transport in stochastic media, where material properties vary according to random processes. These techniques ...
JSTOR Daily

A brief tutorial on transformation based Markov Chain Monte Carlo and optimal scaling of the additive transformation

We consider the recently introduced Transformation-based Markov Chain Monte Carlo (TMCMC) (Stat. Methodol. 16 (2014) 100–116), a methodology that is designed to update all the parameters ...
Symmetry Magazine

Will AI make MC the MVP of particle physics?

Particle physicists are building innovative machine-learning algorithms to enhance Monte Carlo simulations with the power of AI. Originally developed nearly a century ago by physicists studying ...
The Motley Fool

What Is a Monte Carlo Simulation?

Monte Carlo simulations predict investment risks and returns using computer models. They enable investors to assess outcomes under various market conditions. Accessible tools like online calculators ...