News for hackers. Stuff that matters.

A comment on XKCD's Randall Munroe runs Monte Carlo on Intrade's per-state markets .

Re:XKCD's Randall Munroe runs Monte Carlo on Intrade's per-s... by kul on Saturday October 04, 2008 @01:35PM (#323569)
Monte Carlo simulations is what they used to work out the odds of sub-prime defaults in their CDOs.
[ Parent | on HN ]
Re:XKCD's Randall Munroe runs Monte Carlo on Intrade's per-s... by byrneseyeview on Saturday October 04, 2008 @05:23PM (#323664)
I can assure you that they use addition and subtraction far more often than they use the Monte Carlo method. Adjust your behavior accordingly.
[ Parent | on HN ]