See Also: Monte Carlo(dictionary)
Monte-Carlo(encyclopedia)
Monte Carlo(dictionary)
monte carlo method(medicine)
Monte Carlo simulation(money)
Monte Carlo method(encyclopedia)
Monte Carlo simulation(finance)
Ballet Russe de Monte Carlo(encyclopedia)
Sao Carlo(tourism)
Sao Carlo flights(tourism)

Monte Carlo (iou)



Monte Carlo noun & adjective. M20.
[A town in Monaco, famous for its casino.]
(Designating or involving) any of various methods of estimating the solution to numerical problems by the random (or pseudorandom) sampling of numbers in a probabilistic simulation. M20.
Monte Carlo fallacy, the fallacy that the probability of a particular outcome to one of a series of repeated but independent chance events is inversely dependent on the previous outcomes (e.g., that repeated failure increases the probability of success on the next occasion). M20.