Monte Carlo
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The name Monte Carlo simulation comes from the computer simulations performed during the 1930s and 1940s to estimate the probability that the chain reaction needed for an atom bomb to detonate would work successfully.
. You choose the amount. Because simulations are independent from each other Monte Carlo simulation lends itself well to parallel computing techniques which can significantly reduce the time it takes to perform the computation. The physicists involved in this work were big fans of gambling so they gave the simulations the code name Monte Carlo.
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Systems analyzed using Monte Carlo simulation include financial physical and mathematical models.
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