Factors for MC Estimate

• Amount of computation required to simulate transition kernel
• Time for chain to converge to equilibrium → no of states that must be discarded
• No of transitions needed to move from one state in the equilibrium to another that is independant
  • Redundant information
  • First value will depend to a decreasing degree on the distance from this timestep to the previous ones. Then washout (because old ones are too far away)