How can I trust the actions I take in simulations?
Answering the root question ‘How can simulations help me take better actions?’ showed simulations informing real-world decisions through interactive dashboards. So the value of simulating the outcomes of actions taken in the real world is quite clear.
So once we have simulated an action, how do we trust it shows us what might happen?
Those eager to follow along with any code should also check out the stochadex project.
References and further reading
Box, George E. P. 1976. “Science and Statistics.” Journal of the American Statistical Association 71 (356): 791–99. https://doi.org/10.1080/01621459.1976.10480949.
Hardwick, Robert J. 2022. “Stochadex: A Simulation Engine Written in Go.” GitHub. https://stochadex.github.io/.
Hardwick, Robert J. 2026. “How can simulations help me take better actions?” umbralcalculations, May. https://umbralcalc.github.io/posts/how_can_simulations_help_me_take_better_actions.html.
Sargent, Robert G. 2013. “Verification and Validation of Simulation Models.” Journal of Simulation 7 (1): 12–24. https://doi.org/10.1057/jos.2012.20.
Questions whose answers cite this one