monte
Word family
- Monte Carlo methodnoun phraseB2
- Monte Carlo simulationnoun phraseB2
- three-card montenoun phraseC1
- Spanish montenoun phraseC1
Synonym discussion
Sense: noun/1
These terms all relate to computational techniques used to deal with uncertainty. The Monte Carlo simulation is the most specific: it uses repeated random sampling to numerically approximate results, and its name references the casino element of chance. Random sampling method is a broader concept covering any technique that selects a subset from a population to make estimates. Stochastic simulation is a more technical term for any model that includes random variables, not just those using repeated sampling. Probabilistic modeling is the widest term of the four, referring to any mathematical framework that expresses outcomes in terms of probabilities. In practice, Monte Carlo is the most widely known and taught at undergraduate levels. For example, a weather forecaster might say: 'We built a probabilistic model using a Monte Carlo simulation, running 10,000 random sampling trials to estimate tomorrow's rainfall probability.'
Common collocations
Nouns
- simulation (Monte Carlo simulation)
- method (Monte Carlo method)
- algorithm (Monte Carlo algorithm)
Etymology
The word 'monte' has two separate origins in English. The card-game sense comes directly from Spanish 'monte', meaning 'mountain', possibly referring to piles of cards or stacks of betting chips on the table. The computational sense is a shortening of 'Monte Carlo method', named after the Monte Carlo district in Monaco — a famous gambling resort. The name was chosen as a code word during the Manhattan Project in the 1940s because the method's reliance on random chance reminded the scientists of casino gambling. The two senses are etymologically unrelated but share the theme of chance.