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Monte Carlo Simulation Powerpoint Slides
Monte Carlo Simulation Powerpoint Slides
Equipment,
Observation
Experimental
Physics
Theoretical
Physics
In statistics, theory developed from simple observations in card and dice games
in the 17th century and later. The fully-fledged experimental approach, now known as
Monte Carlo and thus acknowledging the origins of statistics in gambling, had to
await the development of fast personal computers and random-number generators:
Gambling:
Cards, Dice
Then
Experimental
Statistics
Very recent
Fast PCs
Randomnumber
generators
Theoretical
Statistics
MonteCarlo
methods
1
with mean x
(x - x) + (x - x) + (x - x) +. + (x - x)
1
2
3
n
(n 1)
The sum of squares is divided by (n 1).
If divided by n, the estimate would be biased too low.
How can this be shown using Monte Carlo?