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Numerical Method (3): PDE Approach*

  • Raymond H. Chan,
  • Yves ZY. Guo,
  • Spike T. Lee,
  • Xun Li

摘要

Feynman–Kac theorem shows the equivalence of an expectation calculation and the solution to the related PDE for option pricing. In this chapter, we discuss how to solve PDEs with finite difference approach by starting with a one-dimensional PDE followed by the multi-dimensional case.