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RE: Monte Carlo simulation - the best risk analysing method

in #popularscience8 years ago

MCMC and Bayesian Analysis are really great tools! You can tackle such complex problems that were unthinkable before monte carlo simulations came along. I really enjoyed you description. Do you have an area of application that you work in specifically?

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Thank you for the feedback!
First time I faced Monte-Carlo method when I was investigating Bayesian filtering, specifically particle filters.