Trinomial or binomial: Accelerating American put option price on trees
比较八种三项式树与一种二项式树在20种实现方法下对美式看跌期权的定价表现，发现二项式树结合特定技术优于三项式树。
Abstract We investigate the pricing performance of eight trinomial trees and one binomial tree, which was found to be most effective in an earlier study, under 20 different implementation methodologies for pricing American put options. We conclude that the binomial tree, the Tian third‐order moment‐matching tree with truncation, Richardson extrapolation, and smoothing, performs better than the trinomial trees. © 2009 Wiley Periodicals, Inc. Jrl Fut Mark 29:826–839, 2009