The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War I.

Name: The Monte Carlo simulation was developed as a quantitative technique by the great mathematician John von Neumann during World War I.
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The Monte Carlo simulation was actually developed by another great mathematician, Stanislaw Ulam, in the 1940s during the Second World War, although von Neumann did contribute to its development.

The Monte Carlo Simulation Was Developed as a Quantitative Technique