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A Monte Carlo Swindle for Estimators of Location
Author(s) -
Gross A. M.
Publication year - 1973
Publication title -
journal of the royal statistical society: series c (applied statistics)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.205
H-Index - 72
eISSN - 1467-9876
pISSN - 0035-9254
DOI - 10.2307/2346782
Subject(s) - monte carlo method , estimator , econometrics , monte carlo method in statistical physics , mathematics , statistics , computer science , statistical physics , markov chain monte carlo , hybrid monte carlo , physics
Summary Savings in time and money can be achieved through the use of a Monte Carlo swindle in place of unaided experimental sampling. A description is provided of a swindle currently in use which often achieves efficiencies of several orders of magnitude in terms of the number of samples needed to achieve a given precision. Data are provided to show some efficiencies actually observed.
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