What conditions if any on the probabilities and the
Suppose we discretize Brownian motion by taking a trinomial tree. What conditions (if any) on the probabilities and the branches will get the third and fourth moments of one step to agree with those of Brownian motion across the same time step?
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suppose two smiles have the same implied volatility at 100 one smile is downwards sloping and the other one is upwards
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suppose we discretize brownian motion by taking a trinomial tree what conditions if any on the probabilities and the
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