Chapter 4 Monte Carlo Computing We summarize the basic elements of the Monte Carlo method for solving integral equations. The method extensively employs concepts and notions of probability theory and statistics. They are marked in italic and defined in the appendix in the case that the reader wants to refresh his insight on the subject during reading this section. Where possible, we tried to synchronize the notations used in the probability theory with these used in the here presented Monte Carlo approaches. 4.1 The Monte Carlo Method for Solving Integrals The expectation value E{x }= E x of a random variable x , which takes values x(Q) with a probability density p ψ (Q), is given by the integral E x = dQp x (Q)x(Q), (4.1) where Q R n can be a multi-dimensional point or vector. The fundamental Monte Carlo method for evaluation of E x is to carry out N independent experiments, or applications of the probability density p x , which generate N random points Q 1 ,...,Q N , which represent an N -dimensional statistical sample of x . The sample mean η is related to the expectation value E x by E x η = 1 N N i =1 x(Q i ), P {|E x η|≤ 3σ x N }≃ 0.997 , (4.2) with a precision, which depends on the number of independent applications N and the standard deviation σ x of the random variable. According to the three σ rule, © Springer Nature Switzerland AG 2021 M. Nedjalkov et al., Stochastic Approaches to Electron Transport in Micro- and Nanostructures, Modeling and Simulation in Science, Engineering and Technology, https://doi.org/10.1007/978-3-030-67917-0_4 39