What Is Monte Carlo Simulation

1 mainThere are many phenomena in everyday life where it’s very difficult to model the problem. There are so many variables and so many dependencies that any approximation or assumption would lead to a huge errors in outputs. This is usually a combination of uncertainty and variability. Even though we have access to all the historical information, we can’t accurately predict a future outcome because of inaccurate modeling. This becomes especially relevant when we are dealing with systems where the degrees of freedom are dependent on each other. An example would be movement of fluids or kinetic modeling of gases. How do we compute the possible outcomes? How can we assess the impact of all the free variables to make sure we predict the outcome under uncertainty?   Continue reading

Can Machines Be Truly Independent?

thinking computerIn my previous blog post, we discussed about how we can measure a computer’s intelligence. When we talk about machine intelligence, what exactly are we talking about? Are we just talking about machines mimicking the human ways and mannerisms in the best possible way? No matter what the machines do, they are still following a predefined sequence of steps or an algorithm that dictates the sequence of steps. The field of artificial intelligence has been trying for a long time to put actual intelligence into a machine, but we are still far from it. The question then would be, can machines be truly independent?   Continue reading