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Gerhard Reich,Marcus Reppichreasons. This said, in Markov setups, BSDEs are nothing than the stochastic counterparts of the more familiar, deterministic, partial differential equations (PDEs, or PIDEs for partial integro-differential equations if there are jumps), for representing prices and Greeks of financial derivatives (ha

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Gerhard Reich,Marcus Reppichr computing conditional expectations, in the time variable for a given state of the model rather than in the space variables at a given time in the diffusive setups of Chap. .. This idea is stated in the form of a generic lemma that is valid in any continuous-time Markov chain model. This is then te

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