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In this paper, we examine the Sample Average Approximation (SAA) procedure within a framework where the Monte Carlo estimator of the expectation is biased. We also introduce Multilevel Monte Carlo (MLMC) in the SAA setup to enhance the…

Computational Finance · Quantitative Finance 2024-07-29 Devang Sinha , Siddhartha P. Chakrabarty

Multilevel Monte Carlo is a key tool for approximating integrals involving expensive scientific models. The idea is to use approximations of the integrand to construct an estimator with improved accuracy over classical Monte Carlo. We…

Methodology · Statistics 2023-03-15 Kaiyu Li , Daniel Giles , Toni Karvonen , Serge Guillas , François-Xavier Briol

Conditional Monte Carlo (CMC) has been widely used for sensitivity estimation with discontinuous integrands as a standard simulation technique. A major limitation of using CMC in this context is that finding conditioning variables to ensure…

Probability · Mathematics 2016-03-22 Guiyun Feng , Guangwu Liu

The unconstrained ensemble describes completely open systems whose control parameters are chemical potential, pressure, and temperature. For macroscopic systems with short-range interactions, thermodynamics prevents the simultaneous use of…

Statistical Mechanics · Physics 2021-06-30 Ivan Latella , Alessandro Campa , Lapo Casetti , Pierfrancesco Di Cintio , J. Miguel Rubi , Stefano Ruffo

This paper introduces an open-ended sequential algorithm for computing the p-value of a test using Monte Carlo simulation. It guarantees that the resampling risk, the probability of a different decision than the one based on the theoretical…

Statistics Theory · Mathematics 2013-07-30 Axel Gandy

The purely numerical evaluation of multi-loop integrals and amplitudes can be a viable alternative to analytic approaches, in particular in the presence of several mass scales, provided sufficient accuracy can be achieved in an acceptable…

High Energy Physics - Phenomenology · Physics 2019-06-26 S. Borowka , G. Heinrich , S. Jahn , S. P. Jones , M. Kerner , J. Schlenk

When performing Monte-Carlo simulations, distributions are sometimes determined only for sub-intervals of the desired total range. In such cases, a frequent problem is to connect, or glue, individual distributions to obtain the final…

Data Analysis, Statistics and Probability · Physics 2022-07-19 Peter Werner

This chapter is devoted to the computation of equilibrium (thermodynamic) properties of quantum systems. In particular, we will be interested in the situation where the interaction between particles is so strong that it cannot be treated as…

Mesoscale and Nanoscale Physics · Physics 2016-02-03 Alexei Filinov , Jens Böning , Michael Bonitz

This article considers the sequential Monte Carlo (SMC) approximation of ratios of normalizing constants associated to posterior distributions which in principle rely on continuum models. Therefore, the Monte Carlo estimation error and the…

Computation · Statistics 2016-03-04 Pierre Del Moral , Ajay Jasra , Kody Law , Yan Zhou

Importance sampling has been known as a powerful tool to reduce the variance of Monte Carlo estimator for rare event simulation. Based on the criterion of minimizing the variance of Monte Carlo estimator within a parametric family, we…

Methodology · Statistics 2013-02-11 Cheng-Der Fuh , Huei-Wen Teng , Ren-Her Wang

An investigation is in progress to evaluate extensively and quantitatively the possible benefits and drawbacks of new programming paradigms in a Monte Carlo simulation environment, namely in the domain of physics modeling. The prototype…

Active subspaces can effectively reduce the dimension of high-dimensional parameter studies enabling otherwise infeasible experiments with expensive simulations. The key components of active subspace methods are the eigenvectors of a…

Numerical Analysis · Mathematics 2015-07-03 Paul Constantine , David Gleich

Monte Carlo simulations are a unique tool to check the response of a detector and to monitor its performance. For a deep-sea neutrino telescope, the variability of the environmental conditions that can affect the behaviour of the data…

High Energy Astrophysical Phenomena · Physics 2021-02-03 The ANTARES Collaboration , A. Albert , M. André , M. Anghinolfi , G. Anton , M. Ardid , J. -J. Aubert , J. Aublin , B. Baret , S. Basa , B. Belhorma , V. Bertin , S. Biagi , M. Bissinger , J. Boumaaza , M. Bouta , M. C. Bouwhuis , H. Branzas , R. Bruijn , J. Brunner , J. Busto , A. Capone , L. Caramete , J. Carr , S. Cecchini , S. Celli , M. Chabab , T. N. Chau , R. Cherkaoui El Moursli , T. Chiarusi , M. Circella , A. Coleiro , M. Colomer-Molla , R. Coniglione , P. Coyle , A. Creusot , A. F. Diaz , G. de Wasseige , A. Deschamps , C. Distefano , I. Di Palma , A. Domi , C. Donzaud , D. Dornic , D. Drouhin , T. Eberl , N. El Khayati , A. Enzenhofer , A. Ettahiri , P. Fermani , G. Ferrara , F. Filippini , L. Fusco , P. Gay , H. Glotin , R. Gozzini , K. Graf , C. Guidi , S. Hallmann , H. van Haren , A. J. Heijboer , Y. Hello , J. J. Hernandez-Rey , J. Hossl , J. Hofestadt , F. Huang , G. Illuminati , C. W. James , M. de Jong , P. de Jong , M. Jongen , M. Kadler , O. Kalekin , U. Katz , N. R. Khan-Chowdhury , A. Kouchner , I. Kreykenbohm , V. Kulikovskiy , R. Lahmann , R. Le Breton , D. Lefevre , E. Leonora , G. Levi , M. Lincetto , D. Lopez-Coto , S. Loucatos , J. Manczak , M. Marcelin , A. Margiotta , A. Marinelli , J. A. Martinez-Mora , S. Mazzou , K. Melis , P. Migliozzi , M. Moser , A. Moussa , R. Muller , L. Nauta , S. Navas , E. Nezri , A. Nunez-Castineyra , B. O'Fearraigh , M. Organokov , G. E. Pavalas , C. Pellegrino , M. Perrin-Terrin , P. Piattelli , C. Poirè , V. Popa , T. Pradier , N. Randazzo , S. Reck , G. Riccobene , F. Salesa , A. Sanchez-Losa , D. F. E. Samtleben , M. Sanguineti , P. Sapienza , J. Schnabel , F. Schussler , M. Spurio , Th. Stolarczyk , B. Strandberg , M. Taiuti , Y. Tayalati , T. Thakore , S. J. Tingay , B. Vallage , V. Van Elewyck , F. Versari , S. Viola , D. Vivolo , J. Wilms , A. Zegarelli , J. D. Zornoza , J. Zuniga

Global sensitivity analysis of a numerical code, more specifically estimation of Sobol indices associated with input variables, generally requires a large number of model runs. When those demand too much computation time, it is necessary to…

Analysis of PDEs · Mathematics 2012-01-16 Alexandre Janon , Maëlle Nodet , Clémentine Prieur

These lectures given to graduate students in high energy physics, provide an introduction to Monte Carlo methods. After an overview of classical numerical quadrature rules, Monte Carlo integration together with variance-reducing techniques…

High Energy Physics - Phenomenology · Physics 2007-05-23 Stefan Weinzierl

Conventional Monte Carlo simulations are stochastic in the sense that the acceptance of a trial move is decided by comparing a computed acceptance probability with a random number, uniformly distributed between 0 and 1. Here we consider the…

Statistical Mechanics · Physics 2018-05-24 Daan Frenkel , K. Julian Schrenk , Stefano Martiniani

In numerical integration, cubature methods are effective, especially when the integrands can be well-approximated by known test functions, such as polynomials. However, the construction of cubature formulas has not generally been known, and…

Numerical Analysis · Mathematics 2023-05-31 Satoshi Hayakawa

Monte Carlo simulations are an important tool in statistical physics, complex systems science, and many other fields. An increasing number of these simulations is run on parallel systems ranging from multicore desktop computers to…

Statistical Mechanics · Physics 2009-06-10 Stephan Mertens

The EM algorithm is a powerful tool for maximum likelihood estimation with missing data. In practice, the calculations required for the EM algorithm are often intractable. We review numerous methods to circumvent this intractability, all of…

Computation · Statistics 2024-01-03 William Ruth

This tutorial paper introduces quantum approaches to Monte Carlo computation with applications in computational finance. We outline the basics of quantum computing using Grover's algorithm for unstructured search to build intuition. We then…

Quantum Physics · Physics 2025-09-24 Jose Blanchet , Mark S. Squillante , Mario Szegedy , Guanyang Wang