Stanislaw Ulam & John von NeumannLos Alamos, 1940s
Using repeated random sampling to model the probability distribution of outcomes in systems too complex for closed-form solutions.
Douglas HubbardHow to Measure Anything, 2007
A practical business tool: express uncertain inputs as ranges, simulate thousands of runs, and make decisions on the resulting distribution rather than single-point estimates.
The EclipseFrontiers® LensRun the future a thousand times before you bet on one.