Monte Carlo

[mon-tee kahr-loh, -ti; Italian mawn-te kahr-law] /ˈmɒn ti ˈkɑr loʊ, -tɪ; Italian ˈmɔn tɛ ˈkɑr lɔ/
noun
1.
a town in Monaco principality, in SE France: gambling resort.
2.
Statistics. of, pertaining to, or using a Monte Carlo method, as a Monte Carlo simulation or solution.
British Dictionary definitions for Monte Carlo

Monte Carlo

/ˈmɒntɪ ˈkɑːləʊ; French mɔ̃te karlo/
noun
1.
a town and resort forming part of the principality of Monaco, on the Riviera: famous casino and the destination of an annual car rally (the Monte Carlo Rally). Pop: 15 507 (2000)
Word Origin and History for Monte Carlo

Italian, literally "Charles's Mountain," founded 1866 and named for Charles III of Monaco (1818-1889). The car rally there dates to 1911.

Monte Carlo in Culture
Monte Carlo [(mon-ti kahr-loh)]

City in Monaco, world famous for its gambling casino.

Monte Carlo in Technology

algorithm
(After Monte Carlo, Monaco - a gambling mecca) Any one of various methods involving statistical techniques for finding the solutions to mathematical or physical problems.
For example, to calculate pi: draw a square then draw the biggest circle that fits exactly inside it. Pick random points on the square. The proportion of these that lie within the circle should tend to pi/4.
(2005-04-05)