A note on convergence rate for reflected BSDEs with quadratic generators by penalization method

Abstract

In this paper, we study the convergence rate between reflected backward stochastic differential equations with quadratic generators and their penalized BSDEs. Using techniques of BMO martingales, we prove the convergence rate is at order 12 as a function of the penalty parameter. Finally, the result is applied to study numerical approximation of reflected BSDEs with sub-quadratic generators by the Euler's polygonal line method.

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