Monte Carlo methods have become indispensable in simulating light transport due to their flexibility in handling complex phenomena such as scattering, absorption, and emission in heterogeneous media.

Researchers have developed a highly efficient method to investigate systems with long-range interactions that were previously puzzling to experts. These systems can be gases or even solid materials ...

A second classical approach to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data used in historical simulations. This can be ...

Numbers are rather useful. This is unfortunate, because they're also rather confusing. Our brains have a hard time making sense of lists of numbers, so we employ an imaginary friend to help us — the ...

Monte Carlo simulations have emerged as an indispensable tool in gamma‐ray spectrometry and detector calibration, offering nuanced insights into particle interactions and detector responses. By ...

You can’t predict the future, of course, but that doesn’t stop some financial professionals from trying. Of the many methods devised to anticipate different possible futures in financial planning, ...

Buoyancy corrections can become important when the density of the object being weighed is very different from the density of the masses employed for the calibration function. For example, this is true ...

With highly specialized instruments, we can see materials on the nanoscale – but we can’t see what many of them do. That limits researchers’ ability to develop new therapeutics and new technologies ...

A recent report, “Risky Business: The Economic Risks of Climate Change in the United States,” co-chaired by Michael R. Bloomberg, Henry Paulson and Tom Steyer, suggests that “by 2050 between $66 ...