Monte Carlo Integration is Magic
Published in
4 min readMar 28, 2019
Monte Carlo Methods are incredibly popular due largely in part to the catchy nature of the title ‘Monte Carlo’ and then by the fact that they have countless applications across a large number of industries including finance, engineering and medicine.
According to Investopedia, the name ‘Monte Carlo’ is based off the gambling centre in Monaco. This is because the methods are rooted in the same element of…