Monteo Carlo

Updated: Jan 05, 2020 by Pradeep Gowda.

On Monte carlo method and how to use it for fun and profit.

Fun trivia: Stan Ulam was on sick-leave and was playing solitaire. He came up with the Monte Carlo method while trying to calculate the probability of a successful solitaire game. The method was named after his uncle’s favorite place to gamble. – src