Well that is rather harsh! Monte Carlo is not a single method but a whole raft of stochastic methods - Monte Carlo modelling is indeed stochastic modelling. The author of this video is correct in calling the method a Monte Simulation. The information doesn't mislead anybody. Just to reiterate there is no single Mnte Carlo Method - eg we have Markov Chain MC, we have adaptive MC, we have quantum MC etc.
@flubertin It may be harsh, but you are wrong as well. There is a single method called Monte Carlo. MCMC, adaptive MC and quantum MC are all part of the single method called Monte Carlo. It is a method for estimating complicated integrals or for counting combinatorial objects. It is a numerical estimation method and not a modeling method. Just to add weight : I am a professor of Statistics and my research is Monte Carlo methods. I am part of the scientific community who define these methods.
@flubertin It may be harsh, but you are wrong as well. There is a single method called Monte Carlo. MCMC, adaptive MC and quantum MC are all part of the single method called Monte Carlo. It is a method for estimating complicated integrals or for counting combinatorial objects. It is a numerical estimation method and not a modeling method. Just to add weight : I am a professor of Statistics and my research is Monte Carlo methods. I am part of the scientific community who define these methods.
I am afraid this video is wrong and confuses the Monte Carlo method with stochastic simulation. It misinforms the public. you described stoch. simulation, not the Monte Carlo method.
Well that is rather harsh! Monte Carlo is not a single method but a whole raft of stochastic methods - Monte Carlo modelling is indeed stochastic modelling. The author of this video is correct in calling the method a Monte Simulation. The information doesn't mislead anybody. Just to reiterate there is no single Mnte Carlo Method - eg we have Markov Chain MC, we have adaptive MC, we have quantum MC etc.
flubertin 11 months ago
@flubertin It may be harsh, but you are wrong as well. There is a single method called Monte Carlo. MCMC, adaptive MC and quantum MC are all part of the single method called Monte Carlo. It is a method for estimating complicated integrals or for counting combinatorial objects. It is a numerical estimation method and not a modeling method. Just to add weight : I am a professor of Statistics and my research is Monte Carlo methods. I am part of the scientific community who define these methods.
Adamalgorithm 5 months ago
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@flubertin It may be harsh, but you are wrong as well. There is a single method called Monte Carlo. MCMC, adaptive MC and quantum MC are all part of the single method called Monte Carlo. It is a method for estimating complicated integrals or for counting combinatorial objects. It is a numerical estimation method and not a modeling method. Just to add weight : I am a professor of Statistics and my research is Monte Carlo methods. I am part of the scientific community who define these methods.
Adamalgorithm 5 months ago
I am afraid this video is wrong and confuses the Monte Carlo method with stochastic simulation. It misinforms the public. you described stoch. simulation, not the Monte Carlo method.
Adamalgorithm 1 year ago 2
@Adamalgorithm hes right.
psysxet 5 months ago
@Adamalgorithm or to be more specific: You are right.
psysxet 5 months ago