One-Step Multi-Derivative Methods for Backward Stochastic Differential Equations

One-Step Multi-Derivative Methods for Backward Stochastic Differential Equations

Year:    2019

Author:    Jingwen Wu, Weidong Zhao, Chengjian Zhang, Jingwen Wu, Weidong Zhao

Numerical Mathematics: Theory, Methods and Applications, Vol. 12 (2019), Iss. 4 : pp. 1213–1230

Abstract

This paper deals with numerical solutions of backward stochastic differential equations (BSDEs). For solving BSDEs, a class of third-order one-step multi-derivative methods are derived. Several numerical examples are presented to illustrate the computational effectiveness and high-order accuracy of the methods. To show the advantage of the methods, a comparison with $\theta$-methods is also given.

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Journal Article Details

Publisher Name:    Global Science Press

Language:    English

DOI:    https://doi.org/10.4208/nmtma.OA-2018-0122

Numerical Mathematics: Theory, Methods and Applications, Vol. 12 (2019), Iss. 4 : pp. 1213–1230

Published online:    2019-01

AMS Subject Headings:   

Copyright:    COPYRIGHT: © Global Science Press

Pages:    18

Keywords:    Backward stochastic differential equations one-step multi-derivative methods $\theta$-method Itô-Taylor expansion third-order accuracy.

Author Details

Jingwen Wu

Weidong Zhao

Chengjian Zhang

Jingwen Wu

Weidong Zhao

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