Skip to Main Content
Introduction to Probability
book

Introduction to Probability

by Joseph K. Blitzstein, Jessica Hwang
September 2015
Beginner content levelBeginner
596 pages
18h 33m
English
CRC Press
Content preview from Introduction to Probability

Chapter 10

Inequalities and limit theorems

“What should I do if I can’t calculate a probability or expectation exactly?” Almost everyone who uses probability has to deal with this sometimes. Don’t panic. There are powerful strategies available: simulate it, bound it, or approximate it.

  • Simulations using Monte Carlo: We have already seen many examples of simulations in this book; the R sections give numerous examples where a few lines of code and a few seconds on a computer suffice to get good approximate answers. “Monte Carlo” just means that the simulations use random numbers (the term originated from the Monte Carlo Casino in Monaco).

    Monte Carlo simulation is an extremely powerful technique, and there are many problems where it is the only ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Introduction to Probability.

Introduction to Probability.

N. Balakrishnan, Markos V. Koutras, Konstadinos G. Politis

Publisher Resources

ISBN: 9781466575578