Numerical methods such as binomial and finite difference methods can be used to price options however the problem is when the options have early exercise features. In this research project, we investigate the effectiveness and accuracy of Monte Carlo methods in pricing American options. We...

Internet search results must be presented in a sequential manner—there is a first result, a second, a third, and so forth. For some platforms, an independent party may pay a fee for a higher ranking in the sequence. And when a platform offers its own products or services, the platform may...