Unformatted text preview: But we can use the Monte Carlo method , running lots of independent simulations, to get an idea of the distribution of possible results according to the assumptions of our simulation. • This technique is widely used in sports analysis, such as the website coolstandings.com (which said in early September that the Red Sox had a 99% chance of making the playoffs). Nate Silver, now of the New York Times , is the most famous practitioner of this technique in political analysis....
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- Fall '11
- Data Structures, Randomness, Monte Carlo method, real world situation, Random Number Generator, Nate Silver