The Monte Carlo Method

In this episode we discuss the Monte Carlo method, both the technique and its place in the history of computing. The Monte Carlo method is a set of tools that use probability to solve problems that are otherwise intractable. Programs using Monte Carlo were among the first programs created on digital computers. The Monte Carlo Method Nicholas Metropolis; S. Ulam Journal of the American Statistical Association, Vol. 44, No. 247. (Sep. Equation of State Calculations by Fast Computi...