<t>Hi jackbasten,I don't understand the link between the particular use of laguerre polynomials in LSM and the necessity to normalize with the initial spot. Can you be more explicit, please ?If you normalize with a constant (here So), you just change the polynomial basis with a multiplication factor...

<r>You can go on this website : <URL url="http://www.ann.jussieu.fr/~achdou/node10.htmlyou">http://www.ann.jussieu.fr/~achdou/node10.htmlyou</URL> can find a course on PDE and numerical computation for finance, some exercises and exams, without correction.Sorry, it's still in french, but mathematic'...

Hi Mushroomman,you can go on emmanuel temam website, "TD de processus stochastique en finance".Well done, with corrections, but in french.Hope it's helpful.