http://dsanalytics.com/dsblog/why-simulation-is-better-than-statistics_80 Data Analytics- the art and science of analyzing data Sun, 06 Jul 2008 04:16:55 +0000 http://wordpress.org/?v=2.0.1 http://dsanalytics.com/dsblog/why-simulation-is-better-than-statistics_80#comment-31 Tue, 24 Apr 2007 07:04:14 +0000 http://dsanalytics.com/dsblog/why-simulation-is-better-than-statistics_80#comment-31 for more on this issue, and particularly on the fact that the mathematical representation of the problem may be vague, ambiguous, or plain incorrect have a look at <a href="http://chance.dartmouth.edu/chancewiki/index.php/Chance_News_21#Probability_theory_is_not_all_that_useful" rel="nofollow"> "Probability Theory is not all that useful"</a> and <a href="http://www.johnkay.com/in_action/458" rel="nofollow">The maths may be simple but intuition is more use</a> for more on this issue, and particularly on the fact that the mathematical representation of the problem may be vague, ambiguous, or plain incorrect have a look at
“Probability Theory is not all that useful” and The maths may be simple but intuition is more use

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