Results 1 to 3 of 3

Math Help - disadvantages , drawbacks of monté carlo methods

  1. #1
    Newbie
    Joined
    May 2010
    Posts
    3

    Question disadvantages , drawbacks of monté carlo methods

    what are the main drawbacks of using monté carlo methods ?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor undefined's Avatar
    Joined
    Mar 2010
    From
    Chicago
    Posts
    2,340
    Awards
    1
    Quote Originally Posted by cinelias80 View Post
    what are the main drawbacks of using monté carlo methods ?
    I've never seen the accent on the "e" like that before. I thought it was from Italian and doesn't have an accent? Not too sure.

    Anyway I would say the main disadvantage is that it could take a prohibitively long time to get an answer to required precision; for example, getting 5 decimal places (with, say, 99% confidence) might a quadrillion trials depending on what you're dealing with.
    Follow Math Help Forum on Facebook and Google+

  3. #3
    Moo
    Moo is offline
    A Cute Angle Moo's Avatar
    Joined
    Mar 2008
    From
    P(I'm here)=1/3, P(I'm there)=t+1/3
    Posts
    5,618
    Thanks
    6
    Quote Originally Posted by undefined View Post
    I've never seen the accent on the "e" like that before. I thought it was from Italian and doesn't have an accent? Not too sure.
    Monte-Carlo indeed is Italian. And there's indeed no accent.
    French deformation

    Yeah, the main problem is the precision. To get a 10 times better precision, you have to make 100 times more simulations, and that can be quite a lot... (because the central limit theorem gives a convergence speed in \frac{1}{\sqrt{n}})
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. monte carlo simulation
    Posted in the Advanced Statistics Forum
    Replies: 1
    Last Post: March 15th 2011, 07:36 AM
  2. [SOLVED] Classical Monte Carlo
    Posted in the Advanced Statistics Forum
    Replies: 3
    Last Post: November 2nd 2010, 04:50 AM
  3. Monte Carlo Integration
    Posted in the Statistics Forum
    Replies: 1
    Last Post: October 12th 2010, 04:52 PM
  4. Monte Carlo's Simulation
    Posted in the Math Software Forum
    Replies: 1
    Last Post: May 19th 2010, 02:19 AM
  5. monte carlo method
    Posted in the Advanced Statistics Forum
    Replies: 0
    Last Post: March 4th 2010, 02:52 PM

Search Tags


/mathhelpforum @mathhelpforum