Ralf Korn has written:

'Monte Carlo methods and models in finance and insurance' -- subject(s): Mathematics, Monte Carlo method, Business mathematics, Insurance

J. M. Hammersley has written:

'Monte Carlo methods' -- subject(s): Probabilities, Monte Carlo method

William L. Dunn has written:

'Exploring Monte Carlo methods' -- subject(s): Monte Carlo method

monte carlo simulation is used to give solutions of deterministic problems whereas

stochastic simulation is used for stochastic problems.

Yes, Monte Carlo is in Monaco.