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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


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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

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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

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petrichor

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