Archive for IBM

Monte Carlo patent

Posted in Statistics, University life with tags , , on August 17, 2011 by xi'an

Julien just pointed me to this incredible patent of the Monte Carlo principle! I cannot see there anything new compared with the principles laid by Ulam, von Neuman and Metropolis in the 40’s… So each time one uses a Monte Carlo estimation of variation, incl. bootstrap, this patent should be acknowledged?! This surely sounds absurd… The worse because those “authors” work at IBM research labs.