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Monte Carlo Estimation

Approximates an expectation E[f(X)] by the average of f over N random draws from the distribution; by the Law of Large Numbers the estimate converges with standard error shrinking as 1/sqrt(N), independent of dimension.

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Approximates an expectation E[f(X)] by the average of f over N random draws from the distribution; by the Law of Large Numbers the estimate converges with standard error shrinking as 1/sqrt(N), independent of dimension.

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