you've worked in science, engineering and economics, chances are you've
used or heard of the Monte
. It's a very useful computational algorithm that uses random
numbers and probability statistics to examine a problem. But why was it
named that way?
The Monte Carlo Method was thought up by mathematician
Stanislaw Ulam, who was playing solitaire on his hospital bed while recovering
from a surgery, and named it after his uncle, who had gone gambling to
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