Background
When Stanislaw Ulam, a Polish-American mathematician and nuclear physicist, invented and formulated the modern Monte Carlo method in the 1940s, he and his colleagues named the method Monte Carlo because Ulam’s uncle often borrowed his relatives’ money to gamble in Monaco’s Monte Carlo Casino. Stanislaw Ulam and many other brilliant scientists were working on the secret nuclear weapon program now known as the Manhattan Project. The Monte Carlo method was programmed ...