Thompson Sampling is an algorithm that can be used to analyze multi-armed bandit problems. Imagine you're in a casino standing in front of three slot machines. You have 10 free plays. Each machine ...

The first video in Pew Research Center’s Methods 101 series helps explain random sampling – a concept that lies at the heart of all probability-based survey research – and why it’s important. Fresh ...

Problems involved in the application of probability sampling strategies to woodland environments are discussed and illustrated by example. The results of the sample and the field tactics employed in ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Simple random sampling is a method used to cull a smaller sample size from a larger ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

We prove a theorem justifying the regularity conditions which are needed for Path Sampling in Factor Models. We then show that the remaining ingredient, namely, MCMC for calculating the integrand at ...