Monte Carlo method

American  

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.

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Monte Carlo method British  

noun

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

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Etymology

Origin of Monte Carlo method

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

Example Sentences

They also used the Monte Carlo method, a mathematical technique, to represent the effects of light circulation within the human skin.

From Science Daily

We learned about Klári’s work with the Monte Carlo Method and with nuclear weapons.

From Scientific American

And the Monte Carlo Method could provide the answers.

From Scientific American

Remember, the Monte Carlo method involves simulating a course of events, and letting it play out over and over again.

From Scientific American

In the late 1940s, Klari and Johnny would work on a computer program to execute a mathematical algorithm, and that algorithm would be named for that very gambling hotspot: It’s called the Monte Carlo method.

From Scientific American