Steps in a Monte Carlo Simulation - Yousef's Notes
Steps in a Monte Carlo Simulation

Steps in a Monte Carlo Simulation

Monte Carlo methods vary, but tend to follow a particular pattern:

  1. Define a domain of possible inputs
  2. Generate inputs randomly from a probability distribution over the domain
  3. Perform a deterministic computation on the inputs
  4. Replicate the experiment
  5. Aggregate the results

To better understand how Monte Carlo simulation works we will develop a classic experiment: Finding pi Using Monte Carlo Simulation