I will be blunt: this is an old exam question of a course that covers Molecular Dynamics (MD) and Monte Carlo (MC) simulations.
Explain how to determine the severity of finite-size effects.
My idea: Since we are talking about MD and MC, finite-size effects are related to the fact that we can only simulate systems of finite sizes. Contrarily, in nature systems usually approach very large sizes, i.e. they are in the thermodynamic limit.
I found these lecture slides which gives me some ideas, but I am not sure that this is what is being asked in the question above.
Any thoughts, and pointers to slides / scripts are very welcome.
Based on a cursory look of the slides, I'd take a careful look at the section "How to get reliable error estimates in Finite Size Scaling?" and figure out when the errors are expected to be large due to small system size.
Other than that, both of my suggestions above are relevant to you question in general.
– Juan M. Bello-Rivas Aug 23 '13 at 19:48