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RE: Monte Carlo simulation - the best risk analysing method
Monte Carlo simulations are also the only way for particle physicists to simulate, for instance, LHC collisions (that underlines highly-multidimensional integrals to solve).
This is actually one of the topic I am actively working on for the last 10 years, and we have even a yearly conference called MC4BSM :)
Hi, lemouth.
Monte-Carlo methods are absolutely useful and have many applications. They are also used to calculate multidimensional integrals and in digital filters, e.g. in Particle filter.