Monte Carlo simulation can be readily applied to asset pricing problems with multiple state variables and possible path dependencies because convergence of Monte Carlo methods is ...
This paper presents the language and software environment LEADSTO that has been developed to model and simulate the dynamics of Multi-Agent Systems (MAS) in terms of both qualitati...
Tibor Bosse, Catholijn M. Jonker, Lourens van der ...
A new approach for overcoming broken ergodicity in Markov Chain Monte Carlo (MCMC) simulations of complex systems is described. The problem of broken ergodicity is often present i...
Facing the prospect of teaching a simulation course for the first time can be a bit overwhelming. This panel shares tips and strategies for teaching simulation based upon a wide v...
Michael Freimer, Lee W. Schruben, Theresa M. Roede...
This paper proposes a validation approach, based on simulation, which addresses problems related to both state space explosion of formal methods and low coverage of informal metho...