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Monte carlos stimulation

  • Monte Carlo simulation to find value of PI

    Monte Carlo simulation to find value of PI

    Inception While reading “Fooled by Randomness” by Nassim Nicholas Taleb, I came across a chapter discussing Monte Carlo theory. The author claimed that when bullets are fired inside a square and a circle is inscribed within it, the ratio of bullets inside the circle to the total number of bullets approximates a ratio involving π.…