The question
Do three different models agree on the price of an American option, which can be exercised early?
The method
The three models are Binomial, Black-Scholes and Monte Carlo. Each one prices an American option, which can be exercised early, so the prices can be compared.
Tools and methods
Tools
BinomialBlack-ScholesMonte Carlo
Methods
BinomialBlack-ScholesMonte Carlo
Limits
What the models assume, and where they fail.