Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  review the basic properties of American options and the difficulties of applying Monte Carlo valuation to American options. Recent progress on the least squares Monte Carlo (LSM) method is described, including the use of quasi-random sequences in LSM. A particle approach to evaluation of American options is formulated. Conclusions and prospects for future research are discussed.
['Russel E. Caflisch', 'Suneal Chaudhary']
I am writing a research paper on a idea Monte Carlo methods for American options
[{"from": "human", "value": "I am writing a research paper on a idea Monte Carlo methods for American options"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely:  review the basic properties of American options and the difficulties of applying Monte Carlo valuation to American options. Recent progress on the least squares Monte Carlo (LSM) method is described, including the use of quasi-random sequences in LSM. A particle approach to evaluation of American options is formulated. Conclusions and prospects for future research are discussed."}]