Directorate of Economic Studies, DGIE, Banco de México, Mexico City, Mexico
Department of Mathematics and Mechanics, IIMAS, UNAM, Mexico City, Mexico
Department of Probability and Statistics, IIMAS, UNAM, Mexico City, Mexico
Copyright © 2015 Rocio Elizondo, Pablo Padilla, Mogens Bladt et al. This is
an open access article distributed under the Creative Commons Attribution
License, which permits unrestricted use, distribution, and reproduction in any
medium, provided the original work is properly cited.
How to Cite this Article
Elizondo, R. , Padilla, P. and Bladt, M. (2015) Pricing American Options Using Transition Probabilities: A Dynamical Systems Approach.
Open Journal of Statistics,
5, 525-542. doi:
10.4236/ojs.2015.56056.