Monte Carlo method

noun

, Statistics.

1. a technique for numerically approximating the solution of a mathematical problem by studying the distribution of some random variable, often generated by a computer.

Monte Carlo method

noun

1. a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling

Word History and Origins

Origin of Monte Carlo method¹

First recorded in 1945–50; alluding to the randomness of such a method, as characteristic of the games of chance played at Monte Carlo

Word History and Origins

Origin of Monte Carlo method¹

C20: named after the casino at Monte Carlo, where systems for winning at roulette, etc, are often tried