Monte Carlo Simulation - Explained

Can you calculate π by throwing darts randomly? This video explains the Monte Carlo simulation technique using a simple dart-throwing experiment to estimate the value of pi. Learn how randomness and probability turn into powerful tools for solving complex problems in mathematics, physics, and finance. Whether you're into statistics, data science, or just curious how games of chance help predict outcomes, this video makes the Monte Carlo method intuitive and unforgettable.

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Contents
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00:00 - Intro
00:52 - Coin flipping example
01:21 - Approximate pi example
03:00 - Law of large numbers
03:33 - Summary
03:58 - Outro

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