Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • A town of Monaco on the Mediterranean Sea and the French Riviera. It is a noted resort famed for its casino and luxurious hotels.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • proper noun A part of Monaco famous for its casinos.
  • proper noun A commonly served drink consisting of beer and grenadine.
  • proper noun statistics Shortening of Monte Carlo method.
  • proper noun An informal dance competition, where contestants in one quarter of the floor are eliminated by a randomly chosen card representing the corner.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun a town and popular resort in the principality of Monaco; famous for its gambling casino

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Monte ("mountain") + Carlo ("Charles/Carl"). Named after Charles III of Monaco.

Support

Help support Wordnik (and make this page ad-free) by adopting the word Monte Carlo.

Examples

  • Another Ulam invention at Los Alamos was what we call the Monte Carlo method for solving complicated mathematical problems - originally the integrals that arise in the theory of nuclear chain reactions.

    MAA Column - Devlin's Angle by Keith Devlin 2009

  • Another Ulam invention at Los Alamos was what we call the Monte Carlo method for solving complicated mathematical problems - originally the integrals that arise in the theory of nuclear chain reactions.

    MAA Column - Devlin's Angle by Keith Devlin 2009

  • It is a most quaint and interesting little place, wearing a look of mediæval times, and still possessing many traces of former prosperity, though now chiefly remarkable for its legalised gambling facilities, for which reason it is frequently called the Monte Carlo of the Far East, there being also a certain natural resemblance.

    Life and sport in China Second Edition Oliver George Ready

  • The method used for all of these is called a Monte Carlo search framework.

    Ars Technica John Timmer 2011

  • Thus the name Monte Carlo can convey to an automobile a prestige that the real trip to Monte Carlo has long since lost.

    VERBATIM: The Language Quarterly Vol IV No 4 1977

  • The name Monte Carlo attached to an American-made car trades on the American consumer's image of a once-exclusive vacation spot, now available as part of low-cost travel packages.

    VERBATIM: The Language Quarterly Vol IV No 4 1977

  • Over the years, formal quantitative uncertainty assessments -- known as Monte Carlo analyses -- have become common in a variety of fields, including engineering, finance, and a number of scientific disciplines, as well as in "sabermetrics" (quantitative, especially statistical analysis of professional baseball), but rarely have such methods been employed in RIAs.

    Robert Stavins: What Baseball Can Teach Policymakers 2009

  • He runs 10,000 of them daily using a type of algorithm called a Monte Carlo analysis, which I couldn't even begin to try to explain (Nate can, though -- the FAQs on the 538 site are very clear and thorough).

    Poll: Majority Agrees With Obama, Not Joe The Plumber Or McCain, On Spreading The Wealth 2009

  • (These calculations are based on computer models known as Monte Carlo simulations, which consider thousands of scenarios for the markets.)

    Dancing Bears at Your Retirement Party? 2008

  • The Monte Carlo is the only thing that's on fire right now on the strip.

    CNN Transcript Jan 25, 2008 2008

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.