In this work, we propose a new policy iteration algorithm for pricing Bermudan options when the payoff process cannot be written as a function of a lifted Markov process. Our approach is based on a ...

The former lords of multiprocessing in the supercomputing realm have a term for problems that are easily decomposed for distribution to multiple processors. They call such problems “embarrassingly ...

One of the reasons GPUs are regularly discussed in the same breath as AI is that AI shares the same fundamental class of problems as 3D graphics. They are both embarrassingly parallel. Embarrassingly ...