Monte Carlo simulation
Concept
broad class of computational algorithms using random sampling to obtain numerical results
Mentioned in 2 videos
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Videos Mentioning Monte Carlo simulation
The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein
All-In Podcast
A computational algorithm that relies on repeated random sampling to obtain numerical results, used by Chimath to describe the unpredictable nature of tariff outcomes.
Liv Boeree: Poker, Game Theory, AI, Simulation, Aliens & Existential Risk | Lex Fridman Podcast #314
Lex Fridman
A computational algorithm that repeatedly samples from a probability distribution to obtain numerical results. Used by top poker players to simulate billions of hands and converge on game theory optimal strategies.