Monte Carlo method

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Related to Monte Carlo run: Monte Carlo simulations

Monte Carlo method

a computer trial or study which uses random numbers in the simulation and analysis of complex relationships and events.
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The nearest airport is Nice Cote-d'Azur International, which has daily flights from London, with regular buses available for the short journey into Monaco and a train service from Nice to Monte Carlo runs two to four times an hour.
Tons of back-testing and countless Monte Carlo runs show that it takes a million to ensure a modest, inflation-adjusted income of $40,000 from age 65 to 100 (full disclosure: my grandmother lived to 100).
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