Monte Carlo simulations are nothing more than a numerical technique for calculating integrals. The Monte Carlo algorithm is a numerical method that is used to find solutions to mathematical problems, which can have many variables and cannot be solved easily, for example, integral calculus. The efficiency of this method increases compared to other methods when the size of the problem grows.
In the simplest cases, the integration operation can be carried out through the use of methods such as integration by parts, substitution, and series. In the less immediate situations, however, it is necessary to resort to the use of a computer, and the Monte Carlo simulation offers a simple solution, especially ...
