The bisection method is a root-finding algorithm that repeatedly bisects an interval and selects a subinterval that must contain a root. It requires two initial points where the function has opposite signs, bracketing a root. The interval is bisected by calculating the midpoint and selecting the subinterval where the function changes sign, narrowing the potential root range by half each iteration until a small enough interval is found. It is a simple but slow method analogous to binary search for solutions.