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  2. Monte Carlo algorithm - Wikipedia

    en.wikipedia.org/wiki/Monte_carlo_algorithm

    Two examples of such algorithms are the Karger–Stein algorithm [1] and the Monte Carlo algorithm for minimum feedback arc set. [2] The name refers to the Monte Carlo casino in the Principality of Monaco, which is well-known around the world as an icon of gambling. The term "Monte Carlo" was first introduced in 1947 by Nicholas Metropolis. [3]

  3. Monte Carlo method - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_method

    Sawilowsky [56] distinguishes between a simulation, a Monte Carlo method, and a Monte Carlo simulation: a simulation is a fictitious representation of reality, a Monte Carlo method is a technique that can be used to solve a mathematical or statistical problem, and a Monte Carlo simulation uses repeated sampling to obtain the statistical ...

  4. Markov chain Monte Carlo - Wikipedia

    en.wikipedia.org/wiki/Markov_chain_Monte_Carlo

    In statistics, Markov chain Monte Carlo (MCMC) is a class of algorithms used to draw samples from a probability distribution.Given a probability distribution, one can construct a Markov chain whose elements' distribution approximates it – that is, the Markov chain's equilibrium distribution matches the target distribution.

  5. Kinetic Monte Carlo - Wikipedia

    en.wikipedia.org/wiki/Kinetic_Monte_Carlo

    The kinetic Monte Carlo (KMC) method is a Monte Carlo method computer simulation intended to simulate the time evolution of some processes occurring in nature. Typically these are processes that occur with known transition rates among states. These rates are inputs to the KMC algorithm; the method itself cannot predict them.

  6. Monte Carlo methods in finance - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_methods_in_finance

    The Monte Carlo method encompasses any technique of statistical sampling employed to approximate solutions to quantitative problems. [5] Essentially, the Monte Carlo method solves a problem by directly simulating the underlying (physical) process and then calculating the (average) result of the process. [1]

  7. Monte Carlo method in statistical mechanics - Wikipedia

    en.wikipedia.org/wiki/Monte_Carlo_method_in...

    The general motivation to use the Monte Carlo method in statistical physics is to evaluate a multivariable integral. The typical problem begins with a system for which the Hamiltonian is known, it is at a given temperature and it follows the Boltzmann statistics .

  8. Walk-on-spheres method - Wikipedia

    en.wikipedia.org/wiki/Walk-on-spheres_method

    As it is commonly the case for Monte-Carlo methods, this algorithm performs particularly well when the dimension is higher than , and one only needs a small set of values. Indeed, the computational cost increases linearly with the dimension, whereas the cost of grid dependant methods increase exponentially with the dimension.

  9. Equation of State Calculations by Fast Computing Machines

    en.wikipedia.org/wiki/Equation_of_State...

    Monte Carlo methods are a class of computational algorithms that rely on repeated random sampling to compute their results. In statistical mechanics applications prior to the introduction of the Metropolis algorithm, the method consisted of generating a large number of random configurations of the system, computing the properties of interest (such as energy or density) for each configuration ...