The Monte Carlo simulation estimates the probability of different outcomes in a process that cannot easily be predicted because of the potential for random variables.

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...

If you want to start an argument in certain circles, claim to have a random number generation algorithm. Turns out that producing real random numbers is hard, which is why people often turn to strange ...

Random number generation is an essential feature in Excel, allowing users to perform tasks such as simulations, creating test datasets, or experimenting with spreadsheet models. Excel provides three ...

That hypothesis, famously probed in the 1999 film The Matrix, is the subject of a new book by Rizwan Virk, a computer scientist and video game developer who leads Play Labs at the Massachusetts ...

The last time I looked at random walks, I used them to calculate the value of Pi for Pi Day. But what is a random walk, really? A mathematician will tell you that it's a stochastic process—a path ...

If your name gets picked for jury duty, it’s because a computer used a random number generator to select it. The same goes for tax audits or when you opt for a quick pick lottery ticket. But how can ...

James is a published author with multiple pop-history and science books to his name. He specializes in history, space, strange science, and anything out of the ordinary.View full profile James is a ...