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Binomial option pricing model with high moments
I am working on an american style dividend paying equity option pricing model with high moment. I am using binomial approach and edgeworth series price options. I am having problems with the distributions, When I input value for skewness and Kurtosis, i get a weird distribution. Can anyone please recommend me a good approach to incorporate skew and kurtosis (high moments) in binomial option pricing modelThanks