How does this compare with Monte Carlo? And how do we know which technique is preferred

goose_r_s

When using a finer grid, would numerical (eg. floating point) errors cause problems?

derk

How can we determine what grid size will be sufficient for an accurate approximation?

Starboy

Is there an upper limit for h such that the solution we get in the end is stable? If the value of h is too large, the error might be too big even if we have a lot of samples.

How does this compare with Monte Carlo? And how do we know which technique is preferred

When using a finer grid, would numerical (eg. floating point) errors cause problems?

How can we determine what grid size will be sufficient for an accurate approximation?

Is there an upper limit for h such that the solution we get in the end is stable? If the value of h is too large, the error might be too big even if we have a lot of samples.