Growing Pains

Observations of gravitational waves emitted by merging compact binaries have provided tantalising hints about stellar astrophysics, cosmology, and fundamental physics. However, the physical parameters describing the systems, (mass, spin, distance) used to extract these inferences about the Universe are subject to large uncertainties. The current method of performing these analyses requires performing many Monte Carlo integrals to marginalise over the uncertainty in the properties of the individual binaries and the survey selection bias. These Monte Carlo integrals are subject to fundamental statistical uncertainties. Previous treatments of this statistical uncertainty has focused on ensuring the precision of the inferred inference is unaffected, however, these works have neglected the question of whether sufficient accuracy can also be achieved. In this work, we provide a practical exploration of the impact of uncertainty in our analyses and provide a suggested framework for verifying that astrophysical inferences made with the gravitational-wave transient catalogue are accurate. Applying our framework to models used by the LIGO-Virgo-Kagra collaboration, we find that Monte Carlo uncertainty in estimating the survey selection bias is the limiting factor in our ability to probe narrow populations model and this will rapidly grow more problematic as the size of the observed population increases.