Intuitive Explanation of Monte Carlo Simulation
Simple Explanation of Monte Carlo Simulation and Implementation using Python
7 min readApr 18, 2024
Monte Carlo Simulation Origin
The origins of the Monte Carlo simulation technique trace back to the 1940s during the Manhattan Project, where physicist Stanislaw Ulam faced challenges in calculating the probability of neutron fission within nuclear reactors. It was during a vacation in Monaco that Ulam, together with mathematician John von Neumann, formulated the idea of the…
