Kushal Agarwal is an expert analyst in energy and power sectors. He is currently a product manager at DSP Blackrock Mutual Fund. Pete Rathburn is a copy editor and fact-checker with expertise in ...

Advisors and websites often show clients the results of large numbers of Monte Carlo simulations. It is hoped that clients will be calmed by pursuing avenues predicted to have a 90% chance of success.

I am looking to estimate the potential for failure in a complex system using Monte Carlo simulation. I am quite familiar with using MC for engineering simulations, but have never approached the ...