Monte Carlo algorithm

A Monte Carlo algorithm is an algorithm for computers. It is used to simulate the behaviour of other systems. it is not an exact method, but a heuristical one. Usually it uses randomness and statistics to get a result.

It is a computation process that utilises random numbers to derive an outcome(s). Instead of having fixed inputs, Probability distributions (search normal wikipedia for probability distributions) are assigned to some or all of the inputs. This will generate a probabilty distribution for the output after the simulation is ran.